Tanzania: Electrical Transformer Market 2024

Electrical Transformer Market Size in Tanzania

In 2022, the Tanzanian electrical transformer market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, recorded pronounced growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Electrical Transformer Production in Tanzania

In value terms, electrical transformer production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Electrical transformer production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Electrical Transformer Exports

Exports from Tanzania

In 2022, shipments abroad of electrical transformers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell rapidly in the following year.

In value terms, electrical transformer exports soared to $X in 2022. In general, exports faced a deep contraction. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X units) was the main destination for electrical transformer exports from Tanzania, with a X% share of total exports. Moreover, electrical transformer exports to Kenya exceeded the volume sent to the second major destination, South Africa (X units), twofold. Uganda (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Uganda (X% per year).

In value terms, the largest markets for electrical transformer exported from Tanzania were Zambia ($X), Uganda ($X) and Kenya ($X), together comprising X% of total exports.

In terms of the main countries of destination, Zambia, with a CAGR of X%, 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 electrical transformer export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to India ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into Tanzania

Electrical transformer imports into Tanzania shrank significantly to X units in 2022, waning by X% compared with 2021. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical transformer imports shrank notably to $X in 2022. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

China (X units), Turkey (X units) and India (X units) were the main suppliers of electrical transformer imports to Tanzania, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

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

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

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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