Greece: Electrical Transformer Market 2025

Electrical Transformer Market Size in Greece

After two years of growth, the Greek electrical transformer market decreased by X% to $X in 2022. Overall, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Transformer Production in Greece

In value terms, electrical transformer production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Greece

After three years of growth, shipments abroad of electrical transformers decreased by X% to X units in 2022. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped remarkably in the following year.

In value terms, electrical transformer exports fell markedly to $X in 2022. In general, exports faced a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for electrical transformer exports from Greece, accounting for a X% share of total exports. Moreover, electrical transformer exports to Turkey exceeded the volume sent to the second major destination, Romania (X units), twofold. Denmark (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Denmark (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for electrical transformers exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Cyprus ($X), with an X% share of total exports. It was followed by Bulgaria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Romania ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Transformer Imports

Imports into Greece

In 2022, after four years of growth, there was significant decline in supplies from abroad of electrical transformers, when their volume decreased by X% to X units. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, electrical transformer imports soared to $X in 2022. In general, imports, however, posted prominent growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformer supplier to Greece, accounting for a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) and Italy ($X) appeared to be the largest electrical transformer suppliers to Greece.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, showed a mild curtailment. The import price peaked at $X per unit in 2014; however, from 2015 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 Italy ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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