ECOWAS: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in ECOWAS

The ECOWAS market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, picking up by 118% against the previous year. In general, consumption enjoyed a notable expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a perceptible curtailment. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in ECOWAS

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to X units in 2022, picking up by 3,970% on the previous year's figure. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 4,442%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, exports, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 105% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana represented the largest exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in ECOWAS, with the volume of exports reaching X units, which was approx. 70% of total exports in 2022. It was distantly followed by Sierra Leone (X units) and Senegal (X units), together creating a 27% share of total exports.

Ghana was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of +76.0% from 2012 to 2022. At the same time, Senegal (+9.2%) displayed positive paces of growth. By contrast, Sierra Leone (-29.2%) illustrated a downward trend over the same period. While the share of Ghana (+69 p.p.) and Sierra Leone (+19 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (-6.5 p.p.) displayed negative dynamics.

In value terms, Senegal ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in ECOWAS, comprising 32% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled -14.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (+232.8% per year) and Ghana (-10.3% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, dropping by -96.6% against the previous year. In general, the export price faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by 2,010%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in ECOWAS

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported in ECOWAS surged to X units, increasing by 401% compared with the previous year. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,072%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, imports showed slight growth. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, namely Ghana, Cote d'Ivoire and Senegal, represented more than half of total import. It was distantly followed by Nigeria (X units), Mali (X units) and Burkina Faso (X units), together mixing up a 23% share of total imports. Liberia (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of +43.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in ECOWAS, comprising 64% of total imports. The second position in the ranking was taken by Ghana ($X), with a 7.7% share of total imports. It was followed by Cote d'Ivoire, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-5.8% per year) and Cote d'Ivoire (-1.8% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, declining by -51.3% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2021 an increase of 1,125%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform