Germany: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Germany

In 2022, the German market for electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by 129% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Germany

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose markedly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 61%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from Germany

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were exported from Germany; waning by -99.5% on the year before. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 26,512%. As a result, the exports attained 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 over X kVA surged to $X in 2022. Over the period under review, exports showed a pronounced slump. The pace of growth appeared the most rapid in 2017 with an increase of 22%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), the Netherlands (X units) and France (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Germany, with a combined 44% share of total exports. The UK, Iraq, Denmark, Switzerland, China, Austria, Belgium, Hungary, Spain and Cameroon lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from Germany were the United States ($X), the Netherlands ($X) and France ($X), together accounting for 48% of total exports. The UK, Denmark, Iraq, Belgium, China, Switzerland, Spain, Austria, Cameroon and Hungary lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Belgium, with a CAGR of +38.1%, 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 liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, growing by 24,901% against the previous year. In general, the export price recorded strong growth. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($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 UK (+11.7%), 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 over 10000 kVA

Imports into Germany

After four years of growth, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -99.5% to X units in 2022. Over the period under review, imports saw a mild shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 13,756%. Over the period under review, imports of hit record highs at X units in 2021, and then contracted significantly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA dropped remarkably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 52%. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

Austria (X units), Croatia (X units) and Slovenia (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Germany, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Slovenia ($X) and Croatia ($X) were the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to Germany, with a combined 68% share of total imports. The Netherlands, Italy, Poland and South Korea lagged somewhat behind, together accounting for a further 30%.

Poland, with a CAGR of +73.1%, saw the highest growth rate of the value of imports, among 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 over X kVA amounted to $X per unit, rising by 14,993% against the previous year. Overall, the import price recorded a modest expansion. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for South Korea ($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 (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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