Belarus: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2025

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

In 2022, the Belarusian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by less than 0.1% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 4.8% against the previous year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 1,360%. Production of peaked at $X in 2021, and then fell significantly in the following year.

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

Exports from Belarus

In 2022, after six years of growth, there was significant decline in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -20.2% to X units. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 8,877% against the previous year. The exports peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +121.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Belarus, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +82.8%.

In value terms, Russia ($X) also remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Belarus.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +5.8%.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, increasing by 48% against the previous year. Overall, the export price, however, saw a precipitous slump. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -42.1% per year.

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

Imports into Belarus

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -16.8% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 10,998% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2021, and then fell sharply in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA declined sharply to $X in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 147% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Belarus, accounting for a 52% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Russia exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +73.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+324.8% per year) and Germany (+71.2% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Belarus were Switzerland ($X), Germany ($X) and Russia ($X), together comprising 93% of total imports.

Switzerland, with a CAGR of +34.8%, recorded 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

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the import price, however, showed a dramatic descent. The growth pace was the most rapid in 2015 when the average import price increased by 122% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-29.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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