Denmark: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Denmark

In 2022, the Danish market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 88% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA fell sharply to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by 84%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Denmark

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -31.3% to X units, falling for the second consecutive year after three years of growth. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 226% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted notably to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 230% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Denmark, with a 56% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to the United States exceeded the volume sent to the second major destination, Latvia (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+81.8% per year) and Germany (-10.0% per year).

In value terms, the United States ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Denmark, comprising 43% of total exports. The second position in the ranking was taken by Norway ($X), with an 8% share of total exports. It was followed by Latvia, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.5% per year) and Latvia (+48.3% per year).

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, surging by 7% against the previous year. In general, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2021 when the average export price increased by 81%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Germany ($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 Czech Republic (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Denmark

In 2022, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 235% to X units, rising for the second year in a row after two years of decline. In general, imports recorded pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose modestly to $X in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2019 when imports increased by 227% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Austria (X units), Latvia (X units) and Hong Kong SAR (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Denmark, with a combined 74% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +233.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Denmark, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with a 4.8% share of total imports. It was followed by Latvia, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria totaled +256.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and Latvia (+50.1% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, reducing by -69% against the previous year. In general, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 334%. The import price peaked at $X per unit in 2021, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Hong Kong SAR (less than $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) (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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