Benelux: Electrical Transformer Market 2024

Electrical Transformer Market Size in Benelux

The Benelux electrical transformer market expanded remarkably to $X in 2022, growing by X% against the previous year. In general, consumption, however, continues to indicate significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Electrical Transformer Production in Benelux

In value terms, electrical transformer production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Electrical Transformer Exports

Exports in Benelux

In 2022, approx. X units of electrical transformers were exported in Benelux; rising by X% on 2021 figures. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, electrical transformer exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands dominates exports structure, accounting for X units, which was near X% of total exports in 2022. Belgium (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the electrical transformers exports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest electrical transformer supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

In the Netherlands, electrical transformer exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, faced a dramatic descent. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Electrical Transformer Imports

Imports in Benelux

In 2022, after three years of growth, there was decline in purchases abroad of electrical transformers, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped modestly in the following year.

In value terms, electrical transformer imports expanded rapidly to $X in 2022. Total imports indicated prominent 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 increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The Netherlands dominates imports structure, accounting for X units, which was approx. X% of total imports in 2022. Belgium (X units) took a little share of total imports.

The Netherlands was also the fastest-growing in terms of the electrical transformers imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported electrical transformers in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at X%.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Source: IndexBox Platform