Hungary: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Hungary

In 2022, the Hungarian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -38.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a slight slump. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. In general, production showed a measured increase. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Hungary

After two years of growth, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -17% to X units in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,220%. The exports peaked at X units in 2021, and then declined significantly in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 266% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Hungary, with a 86% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Germany exceeded the volume sent to the second major destination, Ukraine (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+129.7% per year) and Switzerland (+57.5% per year).

In value terms, Ukraine ($X), Germany ($X) and Switzerland ($X) constituted the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Hungary worldwide, with a combined 93% share of total exports.

Ukraine, with a CAGR of +69.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, with an increase of 21% against the previous year. Over the period under review, the export price, however, recorded a dramatic setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Ukraine ($X per unit), while the average price for exports to Germany ($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 Ukraine (-26.1%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Hungary

In 2022, after two years of growth, there was significant decline in purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -29.4% to X units. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 19,368% against the previous year. Imports peaked at X units in 2021, and then declined remarkably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Overall, imports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Israel (X units) and the United States (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Hungary, together accounting for 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +158.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Israel ($X) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Hungary, with a combined 63% share of total imports.

Israel, with a CAGR of +57.6%, saw the highest rates of growth with regard to 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, jumping by 87% against the previous year. In general, the import price, however, showed a sharp slump. The import price peaked at $X per unit in 2019; however, from 2020 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 Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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