Italy: 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 Italy

The Italian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted markedly to $X in 2022, shrinking by -42.6% against the previous year. Over the period under review, consumption saw a deep slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted markedly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +39.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 80% against the previous year. As a result, production reached the peak level of $X, and then dropped notably in the following year.

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

Exports from Italy

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Italy expanded modestly to X units, growing by 3.4% on 2021 figures. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 28,795%. As a result, the exports reached 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 over X kVA surged to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X units), France (X units) and Germany (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Italy, with a combined 37% share of total exports. Spain, Poland, Greece, Sweden, Switzerland, the UK, South Korea, Finland, Serbia and Ireland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +129.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Italy worldwide, together accounting for 32% of total exports.

Spain, with a CAGR of +22.3%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with an increase of 33% against the previous year. In general, the export price, however, continues to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 56%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Sweden ($X per unit), while the average price for exports to Norway ($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 Switzerland (-29.6%), 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 Italy

In 2022, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 10% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 15,846%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose significantly to $X in 2022. In general, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 49%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Switzerland (X units) and Hungary (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Italy, with a combined 47% share of total imports. France, Bulgaria, Turkey, Slovakia and Denmark lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +396.6%), while purchases 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 Italy were Germany ($X), Switzerland ($X) and Turkey ($X), together accounting for 65% of total imports. France, Hungary, Bulgaria, Denmark and Slovakia lagged somewhat behind, together accounting for a further 25%.

Slovakia, with a CAGR of +22.4%, 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, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a significant decline. The most prominent rate of growth was recorded in 2016 an increase of 187%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+635.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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