Nepal: 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 Nepal

The Nepalese market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose remarkably to $X in 2022, with an increase of 12% against the previous year. Over the period under review, consumption, however, recorded a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by 62% against the previous year. Production of peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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

Exports from Nepal

In 2022, after three years of growth, there was significant decline in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -99.8% to X units. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2017 when exports increased by 546% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced notably to $X in 2022. Over the period under review, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2019 with an increase of 167% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bhutan (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Nepal, with a 100% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Bhutan exceeded the volume sent to the second major destination, India (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bhutan amounted to -47.0%.

In value terms, Bhutan ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Nepal, comprising 97% of total exports. The second position in the ranking was taken by India ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bhutan stood at -31.2%.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of 6,801% against the previous year. In general, the export price recorded a significant increase. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+30.3%).

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

Imports into Nepal

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 887%. Over the period under review, imports of reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 716% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) was the main electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Nepal, with a 93% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from India exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled -3.5%.

In value terms, India ($X) and China ($X) were the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Nepal.

Among the main suppliers, India, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, shrinking by -82.5% against the previous year. Overall, the import price, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 1,808%. As a result, import price attained the peak level of $X per unit, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.7%).

Source: IndexBox Platform