Western Africa: Electrical Transformer Market 2024

Electrical Transformer Market Size in Western Africa

The West African electrical transformer market expanded significantly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, enjoyed modest growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Transformer Production in Western Africa

In value terms, electrical transformer production expanded to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Electrical Transformer Exports

Exports in Western Africa

After six years of growth, overseas shipments of electrical transformers decreased by X% to X units in 2022. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted notably in the following year.

In value terms, electrical transformer exports surged to $X in 2022. In general, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), Burkina Faso (X units) and Sierra Leone (X units) represented roughly X% of total exports in 2022. It was distantly followed by Benin (X units), Mauritania (X units) and Nigeria (X units), together generating a X% share of total exports. Gambia (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Gambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sierra Leone ($X), Nigeria ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Burkina Faso, Benin, Mauritania and Gambia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Gambia, with a CAGR of X%, saw 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 export price in Western Africa stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a dramatic curtailment. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports in Western Africa

In 2022, after four years of growth, there was significant decline in overseas purchases of electrical transformers, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, electrical transformer imports skyrocketed to $X in 2022. Overall, imports continue to indicate a slight slump. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) was the key importer of electrical transformers, mixing up X% of total imports. Burkina Faso (X units) held the second position in the ranking, followed by Ghana (X units), Niger (X units) and Cote d'Ivoire (X units). All these countries together held approx. X% share of total imports. The following importers - Senegal (X units) and Benin (X units) - together made up X% of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported electrical transformers in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, electrical transformer imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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