Ireland: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Ireland

The Irish market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA declined rapidly to $X in 2022, waning by -99.5% against the previous year. Overall, consumption continues to indicate a dramatic contraction. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 2.1% against the previous year. Production of peaked at $X in 2021, and then dropped modestly in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Ireland

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Ireland surged to X units in 2022, picking up by 37% compared with the previous year. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 8,003% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 204% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Ireland, with a 68% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to the UK exceeded the volume sent to the second major destination, France (X units), more than tenfold. Italy (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +111.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+39.4% per year) and Italy (+46.5% per year).

It was followed by Italy, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +59.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.3% per year) and Italy (+12.7% per year).

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, surging by 18% against the previous year. In general, the export price, however, continues to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 98% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Algeria ($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 Germany (-17.1%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Ireland

Imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA into Ireland fell rapidly to X units in 2022, waning by -98.1% against the previous year. In general, imports continue to indicate a mild setback. The pace of growth was the most pronounced in 2021 when imports increased by 4,829%. As a result, imports attained the peak of X units, and then fell rapidly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), the Czech Republic (X units) and Switzerland (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Ireland, together accounting for 71% of total imports. Germany, Denmark, France, Spain and the UK lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Ireland were Italy ($X), Germany ($X) and France ($X), with a combined 69% share of total imports. Denmark, Spain, Switzerland, the UK and the Czech Republic lagged somewhat behind, together accounting for a further 26%.

Denmark, with a CAGR of +170.5%, recorded 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

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, surging by 11,008% against the previous year. In general, the import price saw a prominent increase. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+562.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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