Benelux: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Benelux

The Benelux market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded notably to $X in 2022, rising by 11% against the previous year. Over the period under review, consumption, however, showed prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 279%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in Benelux

In 2022, after four years of growth, there was significant decline in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -92.4% to X units. In general, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 669% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then shrank notably 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 reduced sharply to $X in 2022. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 489%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The Netherlands prevails in kVA structure, finishing at X units, which was near 91% of total exports in 2022. It was distantly followed by Belgium (X units), generating a 6.8% share of total exports. Luxembourg (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from the Netherlands stood at +21.7%. At the same time, Luxembourg (+29.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +29.7% from 2012-2022. By contrast, Belgium (-25.3%) illustrated a downward trend over the same period. The Netherlands (+82 p.p.) and Luxembourg (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -83.9% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Benelux, comprising 69% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports.

In the Netherlands, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA plunged by an average annual rate of -4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-10.2% per year) and Luxembourg (+25.3% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, picking up by 682% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.3%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in Benelux

After four years of growth, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -80.1% to X units in 2022. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 177%. The volume of import peaked at X units in 2021, and then contracted rapidly 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 reduced rapidly to $X in 2022. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 with an increase of 63% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Luxembourg (X units) and the Netherlands (X units) represented the main importers of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in 2022, amounting to approx. 38% and 38% of total imports, respectively. It was distantly followed by Belgium (X units), mixing up a 24% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Luxembourg (with a CAGR of +41.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2022.

Luxembourg, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, picking up by 253% against the previous year. Overall, the import price recorded a tangible expansion. The level of import peaked at $X per unit in 2019; however, from 2020 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 the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform