Azerbaijan: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Azerbaijan

The Azerbaijani market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, increasing by 44% against the previous year. Over the period under review, consumption, however, recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Azerbaijan

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Azerbaijan

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva from Azerbaijan dropped significantly to X units, declining by -99.9% compared with 2021 figures. Over the period under review, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 2,016% against the previous year. As a result, the exports attained the peak of X units, and then shrank sharply in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced modestly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 276% against the previous year. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

Russia (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Azerbaijan, with a 93% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Russia exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -10.6%.

In value terms, Russia ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Azerbaijan, comprising 100% of total exports. The second position in the ranking was taken by the UK ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +57.9%.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, increasing by 66,127% against the previous year. In general, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+92.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Azerbaijan

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported into Azerbaijan shrank notably to X units, which is down by -29.7% compared with the year before. Over the period under review, imports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2018 when imports increased by 406%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, imports saw a perceptible setback. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and Sweden (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Azerbaijan, together accounting for 79% of total imports. These countries were followed by Switzerland, which accounted for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +414.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Azerbaijan were China ($X), Sweden ($X) and Switzerland ($X), with a combined 70% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +3,232.0%, saw the highest growth rate of the value of imports, 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, increasing by 346% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+550.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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