Hungary: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 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 -83.9% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2021, and then reduced markedly in the following year.

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 fell to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 3,989%. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Hungary

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Hungary surged to X units, jumping by 454% against the previous year's figure. In general, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank rapidly to $X in 2022. Overall, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 82%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ukraine (X units), Germany (X units) and Belgium (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Hungary, together comprising 74% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +91.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Germany ($X) and the Netherlands ($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, together comprising 62% of total exports.

Ukraine, with a CAGR of +33.2%, recorded 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 more modest paces of growth.

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, declining by -88.9% against the previous year. In general, the export price faced a precipitous descent. The pace of growth appeared the most rapid in 2015 an increase of 95% against the previous year. Over the period under review, the average export prices reached the maximum 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to China ($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 United Arab Emirates (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Hungary

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -64.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 440% against the previous year. Over the period under review, imports of attained the maximum at X units in 2021, and then dropped significantly 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 soared to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 112%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X units) was the main electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Hungary, with a 94% share of total imports. It was followed by the UK (X units), with a 0.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +27.1%.

In value terms, Germany ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Hungary, comprising 63% of total imports. The second position in the ranking was held by the UK ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +12.6%.

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, surging by 343% against the previous year. In general, the import price, however, showed a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 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 the UK ($X per unit), while the price for Germany amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+24.3%).

Source: IndexBox Platform

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