CIS: Electrical Transformer Market 2024

Electrical Transformer Market Size in CIS

The CIS electrical transformer market shrank to $X in 2022, falling by X% against the previous year. Overall, consumption showed a perceptible setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Electrical Transformer Production in CIS

In value terms, electrical transformer production declined to $X in 2022 estimated in export price. In general, production showed measured growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Electrical Transformer Exports

Exports in CIS

In 2022, after two years of growth, there was significant decline in shipments abroad of electrical transformers, when their volume decreased by X% to X units. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, electrical transformer exports rose markedly to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Moldova was the largest exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Belarus (X units), achieving an X% share of total exports. Russia (X units) took a little share of total exports.

Moldova was also the fastest-growing in terms of the electrical transformers exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Moldova and Belarus increased by X and X percentage points, respectively.

In value terms, the largest electrical transformer supplying countries in the CIS were Belarus ($X), Russia ($X) and Moldova ($X), together accounting for X% of total exports.

Moldova, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a precipitous decrease. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports in CIS

After six years of growth, supplies from abroad of electrical transformers decreased by X% to X units in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, electrical transformer imports dropped notably to $X in 2022. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of electrical transformer imports in 2022 were Belarus (X units), Russia (X units) and Moldova (X units), together recording X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformer importing markets in the CIS were Russia ($X), Belarus ($X) and Moldova ($X), together comprising X% of total imports.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Russia ($X per unit), while Moldova ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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