Nepal: Electrical Transformer Market 2025

Electrical Transformer Market Size in Nepal

The Nepalese electrical transformer market totaled $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Transformer Production in Nepal

In value terms, electrical transformer production rose remarkably to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Electrical Transformer Exports

Exports from Nepal

In 2022, after two years of growth, there was significant decline in shipments abroad of electrical transformers, when their volume decreased by X% to X units. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electrical transformer exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electrical transformer exports from Nepal, accounting for a X% share of total exports. It was followed by Bhutan (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%.

In value terms, Germany ($X) remains the key foreign market for electrical transformers exports from Nepal, comprising X% of total exports. The second position in the ranking was taken by Bhutan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%.

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price enjoyed a buoyant increase. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bhutan ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (X%).

Electrical Transformer Imports

Imports into Nepal

After two years of growth, overseas purchases of electrical transformers decreased by X% to X units in 2022. Over the period under review, imports, however, recorded measured growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then shrank sharply in the following year.

In value terms, electrical transformer imports surged to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of electrical transformer to Nepal, accounting for a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Finland (X% per year).

In value terms, the largest electrical transformer suppliers to Nepal were India ($X), China ($X) and Finland ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, growing by X% against the previous year. In general, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform