CIS: 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 CIS

In 2022, after two years of decline, there was significant growth in the CIS market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, when its value increased by 16% to $X. Overall, consumption, however, saw a slight decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA shrank to $X in 2022 estimated in export price. In general, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 346% against the previous year. Over the period under review, production of hit record highs at $X in 2021, and then shrank in the following year.

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

Exports in CIS

After six years of growth, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -8.1% to X units in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 9,480%. The volume of export peaked at X units in 2021, and then reduced in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a slight reduction. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belarus (X units) represented the main exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in the CIS, committing 99% of total export.

Belarus was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +63.6% from 2012 to 2022. Belarus (+16 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in the CIS.

In Belarus, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA plunged by an average annual rate of -1.4% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, surging by 52% against the previous year. Overall, the export price, however, showed a precipitous decrease. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to -39.8% per year.

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

Imports in CIS

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -9.5% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 828% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA shrank dramatically to $X in 2022. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Azerbaijan represented the major importing country with an import of about X units, which recorded 77% of total imports. It was distantly followed by Belarus (X units), achieving a 19% share of total imports.

Imports into Azerbaijan increased at an average annual rate of +70.7% from 2012 to 2022. At the same time, Belarus (+71.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +71.4% from 2012-2022. While the share of Azerbaijan (+74 p.p.) and Belarus (+19 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Azerbaijan ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in the CIS, comprising 24% of total imports. The second position in the ranking was taken by Belarus ($X), with a 7.9% share of total imports.

In Azerbaijan, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded at an average annual rate of +1.3% over the period from 2012-2022.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, waning by -51.8% against the previous year. Over the period under review, the import price showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per unit), while Azerbaijan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-38.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :