CIS: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in CIS

In 2022, the CIS market for electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -22% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.3% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Over the period under review, production of hit record highs at $X in 2021, and then contracted slightly in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in CIS

In 2022, after two years of growth, there was significant decline in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by -9.1% to X units. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,167% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded significantly to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +59.1% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 26%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Moldova was the largest exporter of electrical transformers with liquid dielectric, of power handling capacity under X kVA in the CIS, with the volume of exports reaching X units, which was near 84% of total exports in 2022. It was distantly followed by Belarus (X units), making up a 12% share of total exports. Russia (X units) held a little share of total exports.

Moldova was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity under X kVA exports, with a CAGR of +66.2% from 2012 to 2022. At the same time, Belarus (+37.2%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Moldova increased by +69 percentage points.

In value terms, Russia ($X), Moldova ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, with a combined 88% share of total exports.

Moldova, with a CAGR of +33.3%, recorded 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 mixed trends in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, growing by 23% against the previous year. Overall, the export price, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2019 when the export price increased by 48%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 (-3.6%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in CIS

After two years of growth, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -33.4% to X units in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 374%. As a result, imports reached the peak of X units, and then declined remarkably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA totaled $X in 2022. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of electrical transformers with liquid dielectric, of power handling capacity under X kVA, namely Belarus, Russia and Moldova, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belarus (with a CAGR of +41.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity under X kVA in the CIS, comprising 50% of total imports. The second position in the ranking was held by Belarus ($X), with a 25% share of total imports.

In Russia, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA plunged by an average annual rate of -4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+6.3% per year) and Moldova (+0.0% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, surging by 71% against the previous year. Over the period under review, the import price, however, faced a deep contraction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Russia (-8.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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