EU: Electrical Transformer Market 2024

Electrical Transformer Market Size in the EU

The EU electrical transformer market totaled $X.4B in 2022, remaining constant against the previous year. Overall, consumption, however, posted a prominent expansion. As a result, consumption attained the peak level of $X.1B. From 2021 to 2022, the growth of the market failed to regain momentum.

Electrical Transformer Production in the EU

In value terms, electrical transformer production contracted remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2021, and then declined notably in the following year.

Electrical Transformer Exports

Exports in the EU

In 2022, after five years of growth, there was decline in shipments abroad of electrical transformers, when their volume decreased by X% to X units. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell slightly in the following year.

In value terms, electrical transformer exports expanded markedly to $X in 2022. In general, exports saw a slight downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X units), Italy (X units), the Czech Republic (X units), Hungary (X units), Spain (X units), Germany (X units), France (X units) and Poland (X units) was the main exporter of electrical transformers in the European Union, making up X% of total export.

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

In value terms, Germany ($X), Italy ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Poland, with a CAGR of X%, 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 export price in the European Union amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, saw a precipitous decrease. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Electrical Transformer Imports

Imports in the EU

In 2022, supplies from abroad of electrical transformers decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, electrical transformer imports expanded sharply to $X in 2022. The total import 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 in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Hungary represented the key importing country with an import of about X units, which recorded X% of total imports. The Netherlands (X units) took the second position in the ranking, followed by Italy (X units) and Germany (X units). All these countries together took approx. X% share of total imports. The following importers - Sweden (X units), Poland (X units) and France (X units) - together made up X% of total imports.

Hungary was also the fastest-growing in terms of the electrical transformers imports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), Italy (X%), Sweden (X%), Poland (X%) and France (X%) displayed positive paces of growth. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.), the Netherlands (X p.p.) and Italy (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (X p.p.), Poland (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported electrical transformers in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The level of import peaked at $X per unit in 2013; however, from 2014 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 France ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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