Belgium: 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 Belgium

In 2022, the Belgian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -5.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports from Belgium

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were exported from Belgium; waning by -88.7% compared with 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 562% against the previous year. As a result, the exports attained the peak of X units, and then shrank markedly in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank modestly to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 134%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X units), Russia (X units) and Switzerland (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Belgium, together accounting for 55% of total exports. Germany, the United States, the Netherlands, Italy, Spain, the UK, Sweden, France, Benin and Ghana lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +175.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Belgium were Russia ($X), the United States ($X) and the Czech Republic ($X), with a combined 59% share of total exports.

The Czech Republic, with a CAGR of +41.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, rising by 768% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Benin ($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 the United States (+11.2%), while the prices for the other major destinations experienced a decline.

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

Imports into Belgium

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -41% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 202%. Over the period under review, imports of attained the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2020 when imports increased by 202% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X units), Sweden (X units) and Germany (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Belgium, with a combined 10% share of total imports. The Netherlands, France, Italy and India lagged somewhat behind, together comprising a further 6.4%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +79.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Belgium, comprising 5.5% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 2.6% share of total imports. It was followed by France, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-20.4% per year) and France (-6.0% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2016 an increase of 14%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-21.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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