EU: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in the EU

In 2022, after two years of growth, there was significant decline in the EU market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when its value decreased by -15.6% to $X. Over the period under review, consumption showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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 dropped rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in the EU

In 2022, after three years of growth, there was significant decline in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -32.5% to X units. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 410% against the previous year. As a result, the exports reached the peak of X units, and then fell sharply 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 rose notably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Italy (X units) represented the major exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, making up 51% of total exports. It was distantly followed by Slovakia (X units), Lithuania (X units), Spain (X units), Hungary (X units) and Denmark (X units), together constituting a 34% share of total exports. Bulgaria (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Italy stood at +25.9%. At the same time, Slovakia (+64.9%), Denmark (+57.4%), Lithuania (+52.5%), Spain (+32.1%), Bulgaria (+19.4%) and Hungary (+13.0%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +64.9% from 2012-2022. While the share of Italy (+36 p.p.), Slovakia (+11 p.p.), Lithuania (+7.2 p.p.), Spain (+5.3 p.p.), Denmark (+4.6 p.p.) and Bulgaria (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in the European Union, comprising 22% of total exports. The second position in the ranking was held by Denmark ($X), with a 9% share of total exports. It was followed by Spain, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (-0.4% per year) and Spain (-0.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, surging by 68% against the previous year. Overall, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 83% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 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 Denmark ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-21.2%), 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 16 kVA to 500 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 -48% to X units in 2022. Overall, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 120%. As a result, imports attained the peak of X units, and then shrank markedly 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. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France represented the key importing country with an import of around X units, which resulted at 45% of total imports. Denmark (X units) took the second position in the ranking, followed by Austria (X units), Hungary (X units) and Italy (X units). All these countries together took approx. 32% share of total imports. Spain (X units), Finland (X units), Ireland (X units) and Portugal (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports into France stood at +15.4%. At the same time, Finland (+56.6%), Hungary (+20.4%), Denmark (+14.1%), Ireland (+13.3%), Austria (+7.7%) and Spain (+2.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +56.6% from 2012-2022. By contrast, Italy (-4.7%) and Portugal (-9.2%) illustrated a downward trend over the same period. France (+32 p.p.), Denmark (+8 p.p.), Hungary (+5.5 p.p.), Finland (+4.1 p.p.), Austria (+3.5 p.p.) and Ireland (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Italy and Portugal saw its share reduced by -4.7% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Spain ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, with a combined 38% share of total imports.

Among the main importing countries, Spain, with a CAGR of +10.4%, saw 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, with an increase of 132% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 Spain ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+17.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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