Western Africa: 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 Western Africa

The West African market for electrical transformers with liquid dielectric, of power handling capacity over X kVA reduced to $X in 2022, dropping by -9% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA reduced to $X in 2022 estimated in export price. In general, production saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports in Western Africa

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA exported in Western Africa shrank markedly to X units, declining by -49% compared with the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 14,600% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted remarkably to $X in 2022. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 124% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Benin was the key exporter of electrical transformers with liquid dielectric, of power handling capacity over X kVA in Western Africa, with the volume of exports accounting for X units, which was approx. 80% of total exports in 2022. It was distantly followed by Liberia (X units), making up a 16% share of total exports.

Benin was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of -29.2% from 2012 to 2022. Liberia (-50.0%) illustrated a downward trend over the same period. Benin (+79 p.p.) and Liberia (+15 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplying countries in Western Africa were Benin ($X) and Liberia ($X).

Among the main exporting countries, Benin, with a CAGR of -39.8%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, increasing by 56% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when the export price increased by 13,856%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Liberia ($X per unit), while Benin amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (-15.0%).

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

Imports in Western Africa

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA imported in Western Africa fell to X units, waning by -9.3% against the previous year's figure. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 431% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose slightly to $X in 2022. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 78%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units) was the key importer of electrical transformers with liquid dielectric, of power handling capacity over X kVA, achieving 57% of total imports. Ghana (X units) ranks second in terms of the total imports with a 14% share, followed by Cote d'Ivoire (9.6%) and Senegal (6.4%). The following importers - Togo (X units) and Liberia (X units) - each reached an 8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity over X kVA imports into Nigeria stood at +4.9%. At the same time, Togo (+33.5%), Liberia (+18.9%), Senegal (+14.9%), Cote d'Ivoire (+9.1%) and Ghana (+7.6%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +33.5% from 2012-2022. Togo (+3.7 p.p.), Senegal (+3.7 p.p.), Cote d'Ivoire (+2.7 p.p.), Liberia (+2.7 p.p.) and Ghana (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -3.5% from 2012 to 2022, respectively.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 66% of total imports. Ghana, Liberia and Togo lagged somewhat behind, together accounting for a further 20%.

Liberia, with a CAGR of +38.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, increasing by 13% against the previous year. Overall, the import price showed a slight expansion. The pace of growth was the most pronounced in 2016 an increase of 390%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (+16.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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