ECOWAS: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in ECOWAS

The ECOWAS market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined significantly to $X in 2022, reducing by -41.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 71% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in ECOWAS

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were exported in ECOWAS; shrinking by -42.8% on 2021 figures. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 420%. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 633%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

In 2022, Benin (X units) was the main exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, committing 43% of total exports. Nigeria (X units) took the second position in the ranking, distantly followed by Cote d'Ivoire (X units) and Liberia (X units). All these countries together took approx. 51% share of total exports. The following exporters - Burkina Faso (X units) and Senegal (X units) - each resulted at a 4.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +82.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Liberia ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 21% of total exports. Burkina Faso, Nigeria and Senegal lagged somewhat behind, together comprising a further 7.9%.

Burkina Faso, with a CAGR of +39.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in ECOWAS amounted to $X per unit, growing by 199% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by 824% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 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 Burkina Faso ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+2.1%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in ECOWAS

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank remarkably to X units in 2022, reducing by -43.3% against 2021 figures. In general, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 643%. As a result, imports attained the peak of X units, and then fell rapidly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined to $X in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Burkina Faso (X units), Nigeria (X units) and Ghana (X units) represented the largest importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in ECOWAS, comprising 70% of total import. It was distantly followed by Niger (X units), Cote d'Ivoire (X units) and Senegal (X units), together committing a 23% share of total imports. Benin (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Burkina Faso (with a CAGR of +51.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined 66% share of total imports. Burkina Faso, Niger, Senegal and Benin lagged somewhat behind, together comprising a further 29%.

Burkina Faso, with a CAGR of +27.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, with an increase of 52% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. Over the period under review, import prices reached the maximum 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 Cote d'Ivoire ($X per unit), while Burkina Faso ($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 (-7.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform