EU: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in the EU

The EU market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, growing by 20% against the previous year. Over the period under review, consumption saw a strong increase. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,561% against the previous year. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in the EU

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -30.7% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 3,058%. The volume of export peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA reached $X in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 21%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Italy (X units), Hungary (X units), Poland (X units) and Germany (X units) represented roughly 76% of total exports in 2022. Ireland (X units) held a 7.8% share (based on physical terms) of total exports, which put it in second place, followed by Croatia (6.9%). France (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hungary (with a CAGR of +67.2%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, together comprising 41% of total exports. Hungary, France, Ireland and Croatia lagged somewhat behind, together comprising a further 22%.

Hungary, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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 the European Union amounted to $X per unit, increasing by 59% against the previous year. Over the period under review, the export price, however, continues to indicate a sharp descent. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-21.0%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in the EU

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA were imported in the European Union; picking up by 3.1% against the previous year. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,688% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded remarkably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +112.2% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 26% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The Netherlands was the main importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in the European Union, with the volume of imports recording X units, which was near 46% of total imports in 2022. It was distantly followed by Denmark (X units), Spain (X units), Germany (X units) and Poland (X units), together mixing up a 44% share of total imports. The following importers - Greece (X units) and Belgium (X units) - each finished at a 5.4% share of total imports.

The Netherlands was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +115.6% from 2012 to 2022. At the same time, Spain (+94.6%), Denmark (+77.4%), Poland (+72.1%), Greece (+68.8%), Belgium (+54.4%) and Germany (+47.8%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands, Spain, Denmark and Poland increased by +43, +11, +9.5 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 44% share of total imports.

Spain, with a CAGR of +30.1%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per unit, picking up by 4.6% against the previous year. Over the period under review, the import price, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 19% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-28.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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