Estonia: 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 Estonia

The Estonian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced sharply to $X in 2022, waning by -56.5% against the previous year. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 186%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from Estonia

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -92.4% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 2,401% 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 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 fell markedly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X units), Germany (X units) and China (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Estonia, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +132.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Estonia were Germany ($X), China ($X) and Finland ($X), together accounting for 77% of total exports.

Among the main countries of destination, China, with a CAGR of +59.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, jumping by 619% against the previous year. Overall, the export price, however, faced a abrupt setback. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Russia ($X per unit), while the average price for exports to Finland ($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 UK (+97.2%), while the prices for the other major destinations experienced a decline.

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

Imports into Estonia

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA into Estonia fell dramatically to X units in 2022, which is down by -72.8% against the year before. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 955%. As a result, imports reached the peak of X units, 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 contracted notably to $X in 2022. Over the period under review, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 90%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X units), China (X units) and Sri Lanka (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 Estonia, together accounting for 67% of total imports. Poland, the Philippines, the United States and Germany lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +304.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Estonia were Finland ($X), the United States ($X) and Sri Lanka ($X), with a combined 47% share of total imports. Poland, China, Germany and the Philippines lagged somewhat behind, together comprising a further 29%.

The Philippines, with a CAGR of +114.7%, saw the highest rates of growth with regard to 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

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, picking up by 167% against the previous year. Over the period under review, the import price, however, faced a abrupt decrease. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform