Ireland: 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 Ireland

In 2022, the Irish market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -88.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded strong growth. Over the period under review, the market attained the maximum level at $X in 2021, and then plummeted in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 4.4% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

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

Exports from Ireland

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -94.8% to X units, falling for the second consecutive year after three years of growth. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 2,009%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank notably to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2016 when exports increased by 285%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The UK (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 Ireland, with a 78% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to the UK exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), eightfold. The third position in this ranking was held by Switzerland (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-4.8% per year) and Switzerland (+26.4% per year).

In value terms, the UK ($X), the Netherlands ($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 Ireland worldwide, together accounting for 89% of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +70.0%, 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, rising by 695% against the previous year. Over the period under review, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 (+49.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Ireland

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported into Ireland reduced rapidly to X units, shrinking by -92.3% against 2021 figures. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,743%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced to $X in 2022. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 240%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Ireland, accounting for a 57% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+12.0% per year) and Germany (+55.6% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Ireland were the UK ($X), China ($X) and Germany ($X), together comprising 80% of total imports. Japan, Hong Kong SAR, the United States, Italy and Bulgaria lagged somewhat behind, together comprising a further 8.2%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +62.4%, 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 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 1,085% against the previous year. Overall, the import price, however, showed a abrupt downturn. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 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 the UK ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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