Czech Republic: Electrical Transformer Market 2024

Electrical Transformer Market Size in the Czech Republic

The Czech electrical transformer market expanded modestly to $X in 2022, surging by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the market value increased by X% against the previous year. 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 the Czech Republic

In value terms, electrical transformer production fell slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then contracted modestly in the following year.

Electrical Transformer Exports

Exports from the Czech Republic

For the third year in a row, the Czech Republic recorded growth in shipments abroad of electrical transformers, which increased by X% to X units in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, electrical transformer exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for electrical transformer exports from the Czech Republic, accounting for a X% share of total exports. Moreover, electrical transformer exports to Germany exceeded the volume sent to the second major destination, Poland (X units), threefold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Italy (X% per year).

In value terms, Germany ($X) remains the key foreign market for electrical transformers exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price faced a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 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 Switzerland ($X per unit), while the average price for exports to Italy ($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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into the Czech Republic

After four years of growth, supplies from abroad of electrical transformers decreased by X% to X units in 2022. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, electrical transformer imports reduced to $X in 2022. In general, total imports indicated a slight expansion 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 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Germany (X units), China (X units) and India (X units) were the main suppliers of electrical transformer imports to the Czech Republic, with a combined X% share of total imports.

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

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest electrical transformer suppliers to the Czech Republic, with a combined X% share of total imports. Austria, Hungary, India and Romania lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest growth rate of 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 electrical transformer import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Austria ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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