South Africa: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in South Africa

For the fifth consecutive year, the South African market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA recorded growth in sales value, which increased by 445% to $X in 2022. Overall, consumption saw a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in South Africa

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 959%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from South Africa

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from South Africa soared to X units in 2022, with an increase of 1,037% on the previous year. In general, exports saw strong growth. The pace of growth was the most pronounced in 2020 with an increase of 22,499% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Overall, exports, however, saw a slight shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Swaziland (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from South Africa, accounting for a 34% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Swaziland exceeded the volume sent to the second major destination, Mozambique (X units), threefold. Namibia (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Swaziland totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+28.7% per year) and Namibia (+10.6% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from South Africa were Democratic Republic of the Congo ($X), Botswana ($X) and Congo ($X), together comprising 31% of total exports. Namibia, Zimbabwe, Mozambique, Swaziland and Senegal lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Senegal, with a CAGR of +48.1%, saw the highest growth rate of 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 export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, dropping by -67.6% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 19,712% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 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 Zimbabwe ($X per unit), while the average price for exports to Swaziland ($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 South Korea (+486,503.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into South Africa

In 2022, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were finally on the rise to reach X units for the first time since 2013, thus ending a eight-year declining trend. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Overall, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to South Africa, with a 59% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from China exceeded the figures recorded by the second-largest supplier, Italy (X units), tenfold. Turkey (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-27.8% per year) and Turkey (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to South Africa, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 9.6% share of total imports. It was followed by Turkey, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and Turkey (+14.3% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 103%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, 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 Spain ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+137.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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