Belarus: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Belarus

In 2022, the Belarusian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a perceptible decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Belarus

In 2022, after six years of growth, there was decline in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -4.3% to X units. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,533%. The exports peaked at X units in 2021, and then declined 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 surged to $X in 2022. Overall, exports, however, recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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 Belarus, accounting for a 95% share of total exports. It was followed by Ukraine (X units), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+83.6% per year) and Estonia (+90.7% per year).

In value terms, Russia ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Belarus, comprising 90% of total exports. The second position in the ranking was held by Ukraine ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+42.6% per year) and Estonia (+22.8% per year).

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 147% against the previous year. Over the period under review, the export price, however, recorded a sharp shrinkage. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Russia ($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 (-22.3%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Belarus

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva into Belarus dropped dramatically to X units, declining by -39.1% compared with the year before. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 609% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then contracted markedly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank notably to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 312% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Russia (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Belarus, accounting for a 41% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Russia exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold. The third position in this ranking was held by Lithuania (X units), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+130.0% per year) and Lithuania (+98.3% per year).

In value terms, Switzerland ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Belarus, comprising 86% of total imports. The second position in the ranking was taken by Russia ($X), with a 6.9% share of total imports. It was followed by Germany, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland stood at +74.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-10.4% per year) and Germany (+14.1% per year).

Import Prices by Country

The average import 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, reducing by -3.7% against the previous year. In general, the import price recorded a dramatic downturn. The pace of growth was the most pronounced in 2014 an increase of 111%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Switzerland ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+184.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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