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

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

In 2022, the EU market for electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -4.6% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level of $X, and then contracted modestly in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 209%. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in the EU

In 2022, after five years of growth, there was decline in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by -4.2% to X units. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 456% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA totaled $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 14%. The level of export peaked at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

The shipments of the eight major exporters of electrical transformers with liquid dielectric, of power handling capacity under X kVA, namely the Netherlands, Italy, the Czech Republic, Hungary, Spain, Germany, France and Poland, represented more than two-thirds of total export.

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 +52.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier in the European Union, comprising 30% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by France, with a 7.9% share.

In Germany, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank by an average annual rate of -2.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-0.8% per year) and France (+0.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, picking up by 4.6% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when the export price increased by 7.2% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 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 (-7.0%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in the EU

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -10% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 337% against the previous year. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA rose to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Hungary (X units) represented the largest importer of electrical transformers with liquid dielectric, of power handling capacity under X kVA, committing 43% of total imports. The Netherlands (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Italy (14%) and Germany (8.1%). The following importers - Poland (X units), Sweden (X units) and Spain (X units) - together made up 7.6% of total imports.

Hungary was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity under X kVA imports, with a CAGR of +57.4% from 2012 to 2022. At the same time, the Netherlands (+45.8%), Italy (+27.2%), Sweden (+20.8%), Spain (+16.6%) and Poland (+5.4%) displayed positive paces of growth. By contrast, Germany (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, the Netherlands and Italy increased by +41, +15 and +8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity under X kVA in the European Union, comprising 31% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.8% share of total imports. It was followed by the Netherlands, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +2.7%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+4.5% per year) and the Netherlands (+5.4% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, picking up by 16% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the 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 Germany ($X per unit), while Hungary ($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 (+5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :