ECOWAS: 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 ECOWAS

The ECOWAS market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2023, growing by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2023 estimated in export price. In general, production showed a strong expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

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

Exports in ECOWAS

In 2023, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were exported in ECOWAS; surging by X% compared with 2022 figures. Overall, exports, however, showed a dramatic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2023, 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 surged to $X in 2023. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Burkina Faso represented the largest exporting country with an export of about X units, which reached X% of total exports. Ghana (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (X%), Cote d'Ivoire (X%) and Senegal (X%). Cabo Verde (X units) followed a long way behind the leaders.

Exports from Burkina Faso decreased at an average annual rate of X% from 2012 to 2023. Cabo Verde experienced a relatively flat trend pattern. Cote d'Ivoire (X%), Ghana (X%), Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.), Ghana (X p.p.), Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Cabo Verde (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Burkina Faso ($X) emerged as the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Burkina Faso, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. In general, the export price posted a significant increase. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

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

Imports in ECOWAS

In 2023, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports showed a deep slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2023, 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 contracted slightly to $X in 2023. Over the period under review, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in 2023 were Nigeria (X units), Cote d'Ivoire (X units) and Ghana (X units), together finishing at X% of total import. Senegal (X units) took the next position in the ranking, followed by Burkina Faso (X units), Guinea (X units) and Mali (X units). All these countries together held near X% share of total imports. Benin (X units) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2023, flattening at the previous year. In general, the import price saw modest growth. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform