EU: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in the EU

The EU market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022, increasing by 29% against the previous year. Over the period under review, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in the EU

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA declined markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 354%. The level of production peaked at $X in 2021, and then declined dramatically in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports in the EU

For the fifth year in a row, the European Union recorded growth in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which increased by 2% to X units in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 9,739%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild contraction. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Croatia (X units) was the largest exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, making up 48% of total exports. Poland (X units) held the second position in the ranking, followed by Spain (X units) and the Netherlands (X units). All these countries together held near 29% share of total exports. Italy (X units), Ireland (X units), Bulgaria (X units), Germany (X units), Slovakia (X units) and Hungary (X units) held a minor share of total exports.

Croatia was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +134.3% from 2012 to 2022. At the same time, the Netherlands (+97.4%), Slovakia (+88.3%), Italy (+65.3%), Germany (+62.6%), Poland (+60.4%), Bulgaria (+55.9%), Hungary (+54.0%), Spain (+49.9%) and Ireland (+49.7%) displayed positive paces of growth. While the share of Croatia (+47 p.p.), the Netherlands (+7.1 p.p.) and Slovakia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (-1.9 p.p.), Bulgaria (-2.6 p.p.), Poland (-3.6 p.p.), Ireland (-5.7 p.p.) and Spain (-15.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplying countries in the European Union were Poland ($X), Spain ($X) and Croatia ($X), with a combined 56% share of total exports.

In terms of the main exporting countries, Croatia, with a CAGR of +14.3%, recorded the highest rates of growth with regard to 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, surging by 26% against the previous year. Overall, the export price, however, faced a precipitous shrinkage. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Poland ($X per unit), while Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-28.6%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports in the EU

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to X units in 2022, rising by 15% against 2021. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 64,741% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +79.9% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in 2022 were France (X units), Germany (X units), Sweden (X units), Italy (X units) and the Netherlands (X units), together finishing at 69% of total import. Poland (X units) held a 6.4% share (based on physical terms) of total imports, which put it in second place, followed by Finland (5.1%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +83.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together comprising 42% of total imports. The Netherlands, Sweden, Finland and Poland lagged somewhat behind, together comprising a further 20%.

In terms of the main importing countries, the Netherlands, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, growing by 20% against the previous year. In general, the import price, however, showed a sharp decline. The most prominent rate of growth was recorded in 2021 an increase of 515%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-35.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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