South Africa: Electrical Transformer Market 2024

Electrical Transformer Market Size in South Africa

The South African electrical transformer market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Electrical transformer consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Electrical Transformer Production in South Africa

In value terms, electrical transformer production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Electrical Transformer Exports

Exports from South Africa

In 2022, approx. X units of electrical transformers were exported from South Africa; waning by X% on 2021. Over the period under review, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical transformer exports skyrocketed to $X in 2022. Overall, exports recorded a perceptible curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X units), Swaziland (X units) and Botswana (X units) were the main destinations of electrical transformer exports from South Africa, with a combined X% share of total exports. Zambia, Zimbabwe, Democratic Republic of the Congo, Mozambique, Kenya, Eritrea, Lesotho and Angola lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for electrical transformer exported from South Africa were Namibia ($X), Botswana ($X) and Democratic Republic of the Congo ($X), with a combined X% share of total exports. Zimbabwe, Swaziland, Zambia, Mozambique, Lesotho, Eritrea, Angola and Kenya lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Eritrea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, saw a mild contraction. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Transformer Imports

Imports into South Africa

For the ninth consecutive year, South Africa recorded growth in overseas purchases of electrical transformers, which increased by X% to X units in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electrical transformer imports soared to $X in 2022. Overall, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformer supplier to South Africa, with a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fourfold. India (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of electrical transformers to South Africa, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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