Germany: Electrical Transformer Market 2024

Electrical Transformer Market Size in Germany

The German electrical transformer market dropped remarkably to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, continues to indicate a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electrical Transformer Production in Germany

In value terms, electrical transformer production shrank notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Electrical Transformer Exports

Exports from Germany

After five years of growth, overseas shipments of electrical transformers decreased by X% to X units in 2022. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted rapidly in the following year.

In value terms, electrical transformer exports reached $X in 2022. Over the period under review, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), the Czech Republic (X units) and Switzerland (X units) were the main destinations of electrical transformer exports from Germany, with a combined X% share of total exports. Austria, France, the Netherlands, Poland, the United States, Romania, Belgium, Hungary, China and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for electrical transformer exported from Germany were the United States ($X), the Netherlands ($X) and France ($X), together comprising X% of total exports. Austria, Switzerland, the UK, China, Italy, the Czech Republic, Poland, Belgium, Hungary and Romania lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

The average electrical transformer export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. Over the period under review, the average export prices reached the maximum 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Germany

In 2022, after four years of growth, there was significant decline in purchases abroad of electrical transformers, when their volume decreased by X% to X units. Over the period under review, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, electrical transformer imports totaled $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), the Netherlands (X units) and the Czech Republic (X units) were the main suppliers of electrical transformer imports to Germany, with a combined X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of electrical transformers to Germany, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Poland (X% per year).

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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