Hungary: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Hungary

In 2022, the Hungarian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by 0% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded a significant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in Hungary

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022 estimated in export price. In general, production posted a significant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 6,379%. 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 from 1 kVA - 650 kVA

Exports from Hungary

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -2.2% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 7,421% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA shrank remarkably to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 43%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Switzerland (X units) and Ukraine (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Hungary, with a combined 72% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +252.0%), 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 from X kVA - X kVA exported from Hungary were Switzerland ($X), Sweden ($X) and the Czech Republic ($X), with a combined 72% share of total exports. Ukraine, Romania, Finland, Germany, Austria and France lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Ukraine, with a CAGR of +68.0%, recorded 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

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, which is down by -54.6% against the previous year. Over the period under review, the export price continues to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 7.5% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Switzerland ($X per unit), while the average price for exports to Ukraine ($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 Czech Republic (-44.7%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Hungary

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA into Hungary totaled X units in 2022, remaining constant against 2021 figures. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 584% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2016 with an increase of 116%. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Hungary, accounting for a 88% share of total imports. It was followed by the Czech Republic (X units), with a 2.8% share of total imports. Bulgaria (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +102.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+37.9% per year) and Bulgaria (+103.5% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to Hungary were Bulgaria ($X), Spain ($X) and China ($X), with a combined 29% share of total imports.

Spain, with a CAGR of +132.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 from X kVA - X kVA amounted to $X per unit, rising by 26% against the previous year. Overall, the import price, however, saw a significant decline. The growth pace was the most rapid in 2015 when the average import price increased by 59%. The import price peaked at $X per unit in 2018; however, from 2019 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 Croatia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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