Western Africa: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Western Africa

The West African market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced to $X in 2023, dropping by X% against the previous year. In general, consumption recorded a perceptible curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Western Africa

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in Western Africa

In 2023, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep contraction. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Nigeria represented the key exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Mauritania (X units), Mali (X units), Sierra Leone (X units), Senegal (X units) and Ghana (X units), together achieving a X% share of total exports. Cote d'Ivoire (X units) followed a long way behind the leaders.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Mauritania (X%) and Mali (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. Senegal experienced a relatively flat trend pattern. By contrast, Sierra Leone (X%), Cote d'Ivoire (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Mauritania (X p.p.), Mali (X p.p.), Sierra Leone (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries in Western Africa were Senegal ($X), Nigeria ($X) and Mauritania ($X), together comprising X% of total exports.

Mauritania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2023, 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in Western Africa

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported in Western Africa shrank remarkably to X units, falling by X% compared with the previous year. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined remarkably to $X in 2023. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, Nigeria (X units) represented the main importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, creating X% of total imports. Burkina Faso (X units) took the second position in the ranking, followed by Ghana (X units) and Cabo Verde (X units). All these countries together held near X% share of total imports. The following importers - Senegal (X units), Liberia (X units) and Cote d'Ivoire (X units) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Liberia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Burkina Faso ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2023, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the 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 Cote d'Ivoire ($X per unit), while Cabo Verde ($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 a decline in the import price figures.

Source: IndexBox Platform