Western Africa: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Western Africa

The West African market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose remarkably to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a temperate expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Western Africa

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reached $X in 2022 estimated in export price. Over the period under review, production recorded moderate growth. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in Western Africa

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were exported in Western Africa; increasing by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Senegal dominates kVA structure, finishing at X units, which was near X% of total exports in 2022. Nigeria (X units) held a little share of total exports.

Senegal was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of X% from 2012 to 2022. Nigeria (X%) illustrated a downward trend over the same period. Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Senegal ($X) emerged as the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

In Senegal, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Senegal totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in Western Africa

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported in Western Africa expanded significantly to X units, surging by X% compared with 2021. In general, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Overall, imports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the key importer of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Western Africa, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Senegal (X units) held the second position in the ranking, followed by Benin (X units), Ghana (X units), Cote d'Ivoire (X units) and Mali (X units). All these countries together took near X% share of total imports. Togo (X units) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Mali (X%), Togo (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Benin, Senegal, Mali, Togo and Cote d'Ivoire increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform