Eastern Europe: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Eastern Europe

In 2022, the East European market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 23% to $X, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Eastern Europe

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +44.4% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 32% against the previous year. Over the period under review, production of reached the peak level at $X in 2021, and then contracted in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in Eastern Europe

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -35% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 7,926% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA totaled $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.4% against 2017 indices. The growth pace was the most rapid in 2021 when exports increased by 17%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Hungary represented the major exporting country with an export of around X units, which resulted at 50% of total exports. The Czech Republic (X units) held the second position in the ranking, followed by Belarus (X units). All these countries together took near 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +82.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplying countries in Eastern Europe were Hungary ($X), the Czech Republic ($X) and Belarus ($X), together accounting for 54% of total exports.

The Czech Republic, with a CAGR of +7.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, picking up by 62% against the previous year. Over the period under review, the export price, however, showed a sharp slump. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 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 the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (-35.3%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in Eastern Europe

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -3.1% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 6,904% against the previous year. Over the period under review, imports of reached the maximum at X units in 2021, and then shrank slightly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell significantly to $X in 2022. Overall, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Poland was the largest importing country with an import of around X units, which finished at 53% of total imports. Hungary (X units) ranks second in terms of the total imports with a 17% share, followed by the Czech Republic (11%), Romania (10%) and Belarus (5.9%). Lithuania (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports into Poland stood at +82.3%. At the same time, Hungary (+124.4%), Lithuania (+77.7%), Belarus (+67.4%), the Czech Republic (+61.3%) and Romania (+52.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +124.4% from 2012-2022. Poland (+40 p.p.), Hungary (+16 p.p.), Belarus (+2.4 p.p.), Lithuania (+2.1 p.p.) and the Czech Republic (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Romania saw its share reduced by -5.5% from 2012 to 2022, respectively.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA importing markets in Eastern Europe were Poland ($X), Belarus ($X) and the Czech Republic ($X), together accounting for 63% of total imports. Romania, Hungary and Lithuania lagged somewhat behind, together accounting for a further 15%.

Hungary, with a CAGR of +15.6%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, which is down by -13.5% against the previous year. In general, the import price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2018 an increase of 37%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-33.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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