Italy: 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 Italy

The Italian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, growing by 2,195% against the previous year. Overall, consumption saw a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production 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 Italy

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -83.3% to X units, falling for the second year in a row after four years of growth. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 667%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined slightly to $X in 2022. Overall, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 101% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (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 Italy, with a 55% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Sweden exceeded the volume sent to the second major destination, Poland (X units), fivefold. The third position in this ranking was held by Austria (X units), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+19.6% per year) and Austria (+34.1% per year).

In value terms, Sweden ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Italy, comprising 32% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by Germany, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+23.8% per year) and Germany (+11.5% per year).

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, picking up by 484% against the previous year. Overall, the export price saw a perceptible expansion. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the 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 Spain ($X per unit), while the average price for exports to Austria ($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 Spain (+45.4%), 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 Italy

In 2022, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -22.1% to X units, falling for the fourth year in a row after three years of growth. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 26%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

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, posted a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 83% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

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 Italy, with a 55% 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, Tunisia (X units), twofold. The UK (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (-6.9% per year) and the UK (+50.4% per year).

In value terms, China ($X), Tunisia ($X) and the UK ($X) appeared to be the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Italy, with a combined 33% share of total imports.

The UK, with a CAGR of +46.2%, 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 a decline.

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, rising by 124% against the previous year. Over the period under review, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($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 (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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