Denmark: Electrical Transformer Market 2025

Electrical Transformer Market Size in Denmark

The Danish electrical transformer market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption reached the peak level of $X, and then fell in the following year.

Electrical Transformer Production in Denmark

In value terms, electrical transformer production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then reduced modestly in the following year.

Electrical Transformer Exports

Exports from Denmark

For the fifth consecutive year, Denmark recorded growth in shipments abroad of electrical transformers, which increased by X% to X units in 2022. In general, exports continue to indicate a significant increase. 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 hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, electrical transformer exports expanded sharply to $X in 2022. Overall, exports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electrical transformer exports from Denmark, 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. The third position in this ranking was held by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual growth rate 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 Sweden (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for electrical transformers exports from Denmark, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price showed a dramatic contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

Electrical Transformer Imports

Imports into Denmark

In 2022, electrical transformer imports into Denmark shrank notably to X units, with a decrease of X% against the previous year. In general, imports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then dropped sharply in the following year.

In value terms, electrical transformer imports rose significantly to $X in 2022. Overall, total imports indicated a buoyant 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 2013 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Thailand (X units) and Germany (X units) were the main suppliers of electrical transformer imports to Denmark, with a combined X% share of total imports. Austria, Hong Kong SAR, the Netherlands, Latvia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest electrical transformer suppliers to Denmark were Germany ($X), Austria ($X) and China ($X), together accounting for X% of total imports. Thailand, the Netherlands, Latvia, Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Latvia, 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, growing by X% against the previous year. In general, the import price saw temperate growth. The import price peaked at $X per unit in 2013; however, from 2014 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 ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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