France: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in France

In 2022, the French market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 94% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption continues to indicate perceptible growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in France

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1,316%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from France

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -0.2% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 5,243% against the previous year. The exports peaked at X units in 2021, and then reduced modestly in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, exports recorded a pronounced reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units), Turkey (X units) and Sweden (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from France, together comprising 46% of total exports. The UK, the Netherlands, Germany, Mexico, Hungary, Saudi Arabia, Switzerland, Singapore, Denmark and Egypt lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +108.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Mexico ($X) and Germany ($X) were the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from France worldwide, together comprising 27% of total exports. Spain, Saudi Arabia, Denmark, Egypt, Turkey, the Netherlands, Singapore, Hungary, Sweden and Switzerland lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Denmark, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, surging by 53% against the previous year. Overall, the export price, however, showed a dramatic curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Sweden ($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 Egypt (-30.9%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into France

In 2022, after two years of growth, there was decline in supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -3.4% to X units. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 8,238%. Over the period under review, imports of attained the peak figure at X units in 2021, and then fell modestly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Turkey (X units), Italy (X units) and Switzerland (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to France, with a combined 60% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +194.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to France were Italy ($X), Switzerland ($X) and Germany ($X), with a combined 83% share of total imports. Turkey, China, Qatar, the Philippines and Ireland lagged somewhat behind, together comprising a further 9.9%.

In terms of the main suppliers, the Philippines, with a CAGR of +30.1%, 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 average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, with an increase of 57% against the previous year. Over the period under review, the import price, however, saw a dramatic decrease. The pace of growth was the most pronounced in 2016 an increase of 97% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+66.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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