Finland: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Finland

The Finnish market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reached $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption recorded a significant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in Finland

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 74%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Finland

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -29.9% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,321% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA dropped sharply to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 233%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Canada (X units) and Norway (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Finland, with a combined 44% share of total exports. Australia, Turkey, France, Qatar, Poland and the Netherlands lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +103.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Qatar ($X) constituted the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from Finland worldwide, together comprising 67% of total exports. Turkey, Australia, Norway, the Netherlands, Poland and Canada lagged somewhat behind, together accounting for a further 27%.

Australia, with a CAGR of +104.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,741%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Finland

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imported into Finland reached X units, remaining relatively unchanged against the previous year. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 12,202% against the previous year. 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 from X kVA - X kVA dropped to $X in 2022. Over the period under review, imports posted measured growth. The pace of growth was the most pronounced in 2016 when imports increased by 40%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

India (X units), Poland (X units) and Serbia (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Finland, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +221.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to Finland were Poland ($X), India ($X) and Serbia ($X), together comprising 76% of total imports.

India, with a CAGR of +67.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, which is down by -12.5% against the previous year. Over the period under review, the import price continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 an increase of 37%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($X per unit), while the price for India ($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 (-42.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :