Portugal: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Portugal

For the third consecutive year, the Portuguese market for electrical transformers with liquid dielectric, of power handling capacity under X kVA recorded growth in sales value, which increased by 12% to $X in 2022. Overall, consumption posted a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Portugal

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Portugal

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 4.8% to X units, rising for the sixth consecutive year after three years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,877% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 38%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Israel (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Portugal, accounting for a 49% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Israel exceeded the volume sent to the second major destination, Italy (X units), fivefold. Spain (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Israel totaled +116.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+38.4% per year) and Spain (+32.8% per year).

In value terms, Angola ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Portugal, comprising 64% of total exports. The second position in the ranking was taken by Israel ($X), with a 5.4% share of total exports. It was followed by Malaysia, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Angola totaled -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+31.0% per year) and Malaysia (+8.6% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, rising by 29% against the previous year. Over the period under review, the export price, however, saw a sharp descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 67%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Angola ($X per unit), while the average price for exports to Israel ($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 Angola (-19.9%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Portugal

For the fifth year in a row, Portugal recorded growth in supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA, which increased by 12% to X units in 2022. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 930%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 100% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier to Portugal, accounting for a 60% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sixfold. The third position in this ranking was taken by Spain (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+71.5% per year) and Spain (+20.3% per year).

In value terms, China ($X), Spain ($X) and Italy ($X) constituted the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA suppliers to Portugal, together accounting for 68% of total imports.

Italy, with a CAGR of +11.2%, saw the highest growth rate of 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 import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price saw a dramatic shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Spain ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-15.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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