Luxembourg: 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 Luxembourg

The Luxembourg market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, growing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

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

Exports from Luxembourg

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -98.5% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2020 when exports increased by 1,315%. 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 from X kVA to X kVA dropped sharply to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 223%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Angola (X units), South Africa (X units) and Germany (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Luxembourg, with a combined 66% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +47.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Luxembourg were the Czech Republic ($X), South Africa ($X) and Germany ($X), with a combined 45% share of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of +21.6%, recorded the highest growth rate of 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 5,274% against the previous year. Over the period under review, the export price recorded perceptible growth. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Angola ($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 Belgium (+21.5%), 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 Luxembourg

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -2.7% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 776% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then fell in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 195%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Luxembourg, accounting for a 60% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Belgium (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +65.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.5% per year) and Belgium (+50.2% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Luxembourg, comprising 87% of total imports. The second position in the ranking was held by France ($X), with a 2.5% share of total imports. It was followed by Belgium, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.6% per year) and Belgium (+5.9% per year).

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, jumping by 86% against the previous year. Overall, the import price, however, showed a significant decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 114%. The import price peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-23.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :