EU: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

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

In 2022, the EU market for electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by 37% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 36%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports in the EU

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -18.3% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 4,452% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2021, and then dropped sharply in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X in 2022. Over the period under review, exports saw a noticeable slump. The pace of growth was the most pronounced in 2020 when exports increased by 12% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden dominates kVA structure, recording X units, which was near 91% of total exports in 2022. It was distantly followed by Poland (X units), comprising an 8.8% share of total exports.

Exports from Sweden increased at an average annual rate of +55.2% from 2012 to 2022. At the same time, Poland (+98.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +98.9% from 2012-2022. From 2012 to 2022, the share of Sweden and Poland increased by +83 and +8.7 percentage points, while 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 over X kVA supplying countries in the European Union were Sweden ($X) and Poland ($X).

Among the main exporting countries, Poland, with a CAGR of +6.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, jumping by 24% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2014 an increase of 395%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-37.8%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports in the EU

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were imported in the European Union; waning by -52.3% on 2021. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 9,389%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA totaled $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The Netherlands prevails in kVA structure, recording X units, which was near 88% of total imports in 2022. Sweden (X units), Spain (X units) and Belgium (X units) followed a long way behind the leaders.

Imports into the Netherlands increased at an average annual rate of +21.6% from 2012 to 2022. At the same time, Spain (+39.8%), Belgium (+36.5%) and Sweden (+25.8%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +39.8% from 2012-2022. While the share of the Netherlands (+24 p.p.), Spain (+2.4 p.p.) and Sweden (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Spain ($X) and Sweden ($X) were the countries with the highest levels of imports in 2022, together comprising 34% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +16.3%, 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

The import price in the European Union stood at $X per unit in 2022, growing by 110% against the previous year. In general, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by 643% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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