ECOWAS: 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 ECOWAS

The ECOWAS market for electrical transformers with liquid dielectric, of power handling capacity under X kVA was estimated at $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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

Exports in ECOWAS

After four years of growth, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -45.1% to X units in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 837% against the previous year. As a result, the exports reached the peak of X units, and then declined rapidly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA dropped to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 64% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Burkina Faso (X units), Cote d'Ivoire (X units) and Sierra Leone (X units) represented the major exporter of electrical transformers with liquid dielectric, of power handling capacity under X kVA in ECOWAS, comprising 93% of total export. The following exporters - Gambia (X units) and Nigeria (X units) - each accounted for a 3.8% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Gambia (with a CAGR of +102.7%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier in ECOWAS, comprising 63% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a 13% share of total exports. It was followed by Burkina Faso, with an 11% share.

In Cote d'Ivoire, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded at an average annual rate of +81.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (-10.1% per year) and Burkina Faso (+20.4% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, jumping by 71% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 161% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat 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 Cote d'Ivoire ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.4%), 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 ECOWAS

After four years of growth, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -43.8% to X units in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 528%. As a result, imports attained the peak of X units, and then reduced notably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 85% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Nigeria prevails in kVA structure, amounting to X units, which was near 78% of total imports in 2022. It was distantly followed by Ghana (X units), creating a 6.4% share of total imports. The following importers - Guinea (X units), Mali (X units), Liberia (X units), Cote d'Ivoire (X units) and Senegal (X units) - together made up 12% of total imports.

Imports into Nigeria increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Mali (+25.4%), Guinea (+25.1%), Cote d'Ivoire (+22.6%), Liberia (+15.8%), Senegal (+10.5%) and Ghana (+1.8%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +25.4% from 2012-2022. While the share of Guinea (+2.4 p.p.), Mali (+2.4 p.p.) and Cote d'Ivoire (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (-3.2 p.p.) and Nigeria (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity under X kVA in ECOWAS, comprising 75% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 13% share of total imports. It was followed by Senegal, with a 3% share.

In Nigeria, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased at an average annual rate of +14.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+30.8% per year) and Senegal (+12.8% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, surging by 173% against the previous year. Overall, the import price showed a remarkable increase. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Mali ($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 (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform