Azerbaijan: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Azerbaijan

In 2022, the Azerbaijani market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by 3.4% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Azerbaijan

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were exported from Azerbaijan; picking up by 750% against 2021 figures. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 1,155% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. In general, exports, however, faced a abrupt curtailment. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X units), Georgia (X units) and Russia (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Azerbaijan, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +20.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from Azerbaijan were Turkmenistan ($X), Ukraine ($X) and Georgia ($X), together comprising 93% of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of +67.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, which is down by -69.8% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,741% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Azerbaijan

In 2022, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by 3.4% to X units, rising for the third year in a row after four years of decline. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 4,632%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Over the period under review, imports posted a modest increase. The pace of growth appeared the most rapid in 2018 when imports increased by 121% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Belarus (X units) and Turkey (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Azerbaijan, with a combined 77% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +137.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to Azerbaijan were Belarus ($X), Sweden ($X) and Ukraine ($X), together accounting for 60% of total imports. Turkey, Kazakhstan, Moldova, South Korea, China and Portugal lagged somewhat behind, together accounting for a further 12%.

South Korea, with a CAGR of +156.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, increasing by 91% against the previous year. Overall, the import price, however, recorded a sharp slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 140% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-30.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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