Norway: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Norway

The Norwegian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA was estimated at $X in 2022, surging by 9.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by 77% against the previous year. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Norway

Exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Norway expanded remarkably to X units in 2022, surging by 10% on the year before. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 517%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 75%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Denmark (X units), the United States (X units) and Iceland (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 Norway, together accounting for 44% of total exports. Italy, Sweden, Germany, Romania, the UK, France, Spain, China, Poland and Singapore lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +66.1%), while the other leaders experienced more modest paces of growth.

In value terms, Iceland ($X), Denmark ($X) and Italy ($X) constituted the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Norway worldwide, with a combined 36% share of total exports.

Iceland, with a CAGR of +59.0%, recorded the highest rates of growth with regard to the value of exports, among 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

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, reducing by -14.5% against the previous year. In general, the export price saw a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by 69%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Singapore ($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 (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Norway

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported into Norway; dropping by -69% compared with the year before. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when imports increased by 417%. As a result, imports attained the peak of X units, and then shrank dramatically 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 amounted to $X in 2022. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 77%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Sri Lanka (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Norway, with a combined 42% share of total imports. Italy, Sweden, India, Romania, Germany, Denmark, Spain, the Netherlands, the Czech Republic and Austria lagged somewhat behind, together comprising a further 54%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +100.6%), 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 from X kVA to X kVA suppliers to Norway were Italy ($X), Poland ($X) and Spain ($X), with a combined 51% share of total imports. Denmark, Sweden, Germany, India, Romania, China, Austria, Sri Lanka, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Romania, with a CAGR of +51.0%, saw 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, growing by 244% against the previous year. Over the period under review, the import price posted tangible growth. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :