Greece: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Greece

In 2022, the Greek market for electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -71.8% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, showed strong growth. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Greece

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Greece

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -46.5% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,705% against the previous year. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA soared to $X in 2022. Over the period under review, exports continue to indicate a slight setback. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Greece, with a 34% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Turkey exceeded the volume sent to the second major destination, Romania (X units), twofold. The third position in this ranking was held by Denmark (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +146.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-3.8% per year) and Denmark (+89.9% per year).

In value terms, Turkey ($X), Denmark ($X) and Indonesia ($X) were the largest markets for electrical transformers with liquid dielectric, of power handling capacity under X kVA exported from Greece worldwide, with a combined 59% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of +105.7%, 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 under X kVA stood at $X per unit in 2022, surging by 339% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Romania ($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 Egypt (+44.4%), 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 under 1 kVA

Imports into Greece

After four years of growth, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -72% to X units in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 520%. As a result, imports attained the peak of X units, and then declined dramatically in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA soared to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Greece, with a 81% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.3%.

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Greece, comprising 24% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +1.8%.

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2022, growing by 576% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2019; however, from 2020 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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-6.9%).

Source: IndexBox Platform

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