Benelux: 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 Benelux

In 2022, the Benelux market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -15.1% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022 estimated in export price. Overall, production posted a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 582% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

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

Exports in Benelux

For the third year in a row, Benelux recorded growth in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which increased by 3.9% to X units in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 75,801%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

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, however, showed a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X units) was the largest exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Benelux, constituting 99% of total export.

The Netherlands was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +97.4% from 2012 to 2022. While the share of the Netherlands (+21 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in Benelux.

In the Netherlands, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased at an average annual rate of +3.6% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, rising by 106% against the previous year. In general, the export price, however, continues to indicate a sharp slump. 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.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -47.5% per year.

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

Imports in Benelux

In 2022, after five years of growth, there was significant decline in overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, when their volume decreased by -13.9% to X units. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 8,854%. Over the period under review, imports of attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Overall, imports, however, saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands dominates kVA structure, amounting to X units, which was near 90% of total imports in 2022. It was distantly followed by Luxembourg (X units), committing a 5.2% share of total imports. Belgium (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports, with a CAGR of +83.5% from 2012 to 2022. At the same time, Luxembourg (+56.5%) and Belgium (+37.9%) displayed positive paces of growth. The Netherlands (+43 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -8.1% and -35.3% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Benelux, comprising 75% of total imports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +17.8%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+2.4% per year) and Luxembourg (+6.0% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, increasing by 108% against the previous year. In general, the import price, however, showed a sharp curtailment. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-25.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform