Portugal: Electrical Transformer Market 2025

Electrical Transformer Market Size in Portugal

In 2022, after four years of growth, there was significant decline in the Portuguese electrical transformer market, when its value decreased by X% to $X. Overall, consumption recorded tangible growth. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Electrical Transformer Production in Portugal

In value terms, electrical transformer production dropped markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a precipitous decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Portugal

In 2022, overseas shipments of electrical transformers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, electrical transformer exports declined dramatically to $X in 2022. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Angola (X units) was the main destination for electrical transformer exports from Portugal, with a X% share of total exports. Moreover, electrical transformer exports to Angola exceeded the volume sent to the second major destination, the UK (X units), tenfold. Spain (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Spain (X% per year).

In value terms, Spain ($X), Angola ($X) and the UK ($X) appeared to be the largest markets for electrical transformer exported from Portugal worldwide, with a combined X% share of total exports. Cote d'Ivoire, Cabo Verde, Burkina Faso and Italy lagged somewhat behind, together accounting for a further X%.

Burkina Faso, with a CAGR of X%, saw 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 a decline.

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price faced a dramatic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Spain ($X per unit), while the average price for exports to Burkina Faso ($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 Cabo Verde (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Portugal

In 2022, supplies from abroad of electrical transformers increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electrical transformer imports skyrocketed to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Spain (X units) and Italy (X units) were the main suppliers of electrical transformer imports to Portugal, with a combined X% share of total imports. Germany, the Netherlands, Turkey, France and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest electrical transformer suppliers to Portugal were Spain ($X), China ($X) and Turkey ($X), together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, faced a abrupt setback. The growth pace was the most rapid in 2017 an increase of X%. 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 Turkey ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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