EU: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in the EU

In 2022, the EU market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -3.7% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in the EU

After three years of growth, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -13.7% to X units in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 364% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reached $X in 2022. Over the period under review, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X units) and the Czech Republic (X units) were the key exporters of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in the European Union, together achieving 47% of total exports. Poland (X units) took the next position in the ranking, followed by Spain (X units), Hungary (X units), the Netherlands (X units) and Romania (X units). All these countries together held near 43% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of +57.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in the European Union, comprising 32% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled -3.1%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+0.6% per year) and the Netherlands (+1.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, rising by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2017 an increase of 29%. The level of export peaked at $X per unit in 2018; however, from 2019 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 the Netherlands ($X per unit), while Romania ($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 (-6.4%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in the EU

After four years of growth, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -21.3% to X units in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 177% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then dropped remarkably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, imports, however, continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) represented the largest importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, comprising 35% of total imports. Sweden (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (11%), Hungary (5.3%), Spain (5.3%) and Italy (4.6%). Poland (X units), the Netherlands (X units), Slovenia (X units), Portugal (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovenia (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Denmark ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 53% of total imports.

Among the main importing countries, Spain, with a CAGR of +25.1%, saw the highest growth rate of 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, picking up by 70% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Spain ($X per unit), while Portugal ($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 (+35.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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