Ireland: Electrical Transformer Market 2024

Electrical Transformer Market Size in Ireland

In 2022, after four years of growth, there was significant decline in the Irish electrical transformer market, when its value decreased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Electrical Transformer Production in Ireland

In value terms, electrical transformer production dropped markedly to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then fell sharply in the following year.

Electrical Transformer Exports

Exports from Ireland

In 2022, shipments abroad of electrical transformers decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, electrical transformer exports dropped slightly to $X in 2022. In general, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for electrical transformer exports from Ireland, accounting for a X% share of total exports. Moreover, electrical transformer exports to the UK exceeded the volume sent to the second major destination, Belgium (X units), sixfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

In value terms, the UK ($X) remains the key foreign market for electrical transformers exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, leveling off at the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average 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 the Netherlands ($X per unit), while the average price for exports to Switzerland ($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 Netherlands (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Ireland

For the third year in a row, Ireland recorded growth in supplies from abroad of electrical transformers, which increased by X% to X units in 2022. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical transformer imports rose modestly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Spain (X units) and the UK (X units) were the main suppliers of electrical transformer imports to Ireland, together accounting for X% of total imports. China, Germany, Taiwan (Chinese), Hong Kong SAR, Belgium and Romania lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest electrical transformer suppliers to Ireland were Italy ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. Spain, China, Hong Kong SAR, Belgium, Taiwan (Chinese) and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 electrical transformer import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 Romania ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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