Russian Federation: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in the Russian Federation

The Russian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA soared to $X in 2022, increasing by 54% against the previous year. Over the period under review, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in the Russian Federation

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Production of peaked at $X in 2021, and then fell in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from the Russian Federation

Exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Russia fell to X units in 2022, waning by -8.1% on the previous year's figure. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 229% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined markedly to $X in 2022. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 251% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Kazakhstan (X units), Armenia (X units) and Bangladesh (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Russia, together accounting for 70% of total exports. Latvia, Belarus, Ukraine and Uzbekistan lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +27.5%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Russia, comprising 52% of total exports. The second position in the ranking was taken by Latvia ($X), with an 18% share of total exports. It was followed by Ukraine, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+24.2% per year) and Ukraine (+13.3% per year).

Export Prices by Country

In 2021, the average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, surging by 197% against the previous year. In general, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 447% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+60.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into the Russian Federation

Imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA into Russia soared to X units in 2022, rising by 68% against the year before. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 965%. 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 over X kVA skyrocketed to $X in 2022. In general, imports, however, recorded a sharp decrease. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Uzbekistan (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Russia, accounting for a 86% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Uzbekistan exceeded the figures recorded by the second-largest supplier, Finland (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uzbekistan amounted to +52.5%.

In value terms, Uzbekistan ($X) and Finland ($X) were the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to Russia.

Finland, with a CAGR of +16.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, rising by 26% against the previous year. In general, the import price, however, showed a precipitous setback. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Finland ($X per unit), while the price for Uzbekistan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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