Belgium: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Belgium

In 2022, the Belgian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -85.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Belgium

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Belgium fell markedly to X units in 2022, which is down by -35.8% against 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 5,795%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 174% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Belgium, accounting for a 69% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Mali exceeded the volume sent to the second major destination, China (X units), fivefold. The third position in this ranking was taken by South Korea (X units), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mali amounted to +226.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+118.5% per year) and South Korea (+115.2% per year).

In value terms, Mali ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Belgium, comprising 47% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports. It was followed by Luxembourg, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to Mali stood at +86.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+204.8% per year) and Luxembourg (-7.8% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, increasing by 86% against the previous year. In general, the export price, however, showed a sharp decrease. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to China ($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 South Korea (+47.0%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Belgium

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -83.5% to X units, falling for the second year in a row after four years of growth. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 14,519% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA contracted modestly to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Ireland (X units), the Netherlands (X units) and France (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Belgium, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +86.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to Belgium were Ireland ($X), France ($X) and Poland ($X), together comprising 66% of total imports.

Poland, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, with an increase of 502% against the previous year. Over the period under review, the import price, however, continues to indicate a dramatic shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+5,467.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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