Belgium: Electrical Transformer Market 2025

Electrical Transformer Market Size in Belgium

In 2022, the Belgian electrical transformer market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, recorded a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Electrical Transformer Production in Belgium

In value terms, electrical transformer production reduced to $X in 2022 estimated in export price. Overall, production saw a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Electrical transformer production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Belgium

In 2022, after four years of growth, there was significant decline in overseas shipments of electrical transformers, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then fell sharply in the following year.

In value terms, electrical transformer exports shrank to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), Germany (X units) and Japan (X units) were the main destinations of electrical transformer exports from Belgium, with a combined X% share of total exports.

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

In value terms, Germany ($X), the Netherlands ($X) and Japan ($X) appeared to be the largest markets for electrical transformer exported from Belgium worldwide, together accounting for X% of total exports. France, the United States, China, Romania, Italy, the UK, Spain, Sweden, Russia and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Romania, 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

In 2022, the average electrical transformer export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, recorded a sharp decline. The export price peaked 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 destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Hungary ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Belgium

In 2022, after seven years of growth, there was significant decline in overseas purchases of electrical transformers, when their volume decreased by X% to X units. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, electrical transformer imports amounted to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of electrical transformer imports to Belgium, with a combined X% share of total imports. France, Lebanon, the Czech Republic, Finland, Ireland, Sweden, Italy, Spain and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of electrical transformers to Belgium, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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