Portugal: 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 Portugal

In 2022, the Portuguese market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 102% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate a strong increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced contraction. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

Exports from Portugal

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Portugal expanded rapidly to X units, with an increase of 6.9% compared with the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 653%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted sharply to $X in 2022. In general, exports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 163%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sao Tome and Principe (X units), Angola (X units) and Qatar (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 Portugal, with a combined 72% share of total exports. Guinea-Bissau, Cabo Verde, Mozambique, Spain and Rwanda lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +232.7%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Portugal, comprising 45% of total exports. The second position in the ranking was taken by Qatar ($X), with a 5.7% share of total exports. It was followed by Rwanda, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Angola totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+77.1% per year) and Rwanda (+278.9% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, dropping by -25.8% against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 178% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the 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 Rwanda ($X per unit), while the average price for exports to Sao Tome and Principe ($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 Rwanda (+10.6%), while the prices for the other major destinations experienced a decline.

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

Imports into Portugal

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 100% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 117%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted dramatically to $X in 2022. Overall, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2017 with an increase of 106% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Germany (X units), Spain (X units) and Hong Kong SAR (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 Portugal, together comprising 90% of total imports. China, the UK and the Netherlands lagged somewhat behind, together accounting for a further 8.4%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +113.9%), 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 Portugal were Germany ($X), Spain ($X) and China ($X), with a combined 85% share of total imports. The UK, the Netherlands and Hong Kong SAR lagged somewhat behind, together comprising a further 6.8%.

The UK, with a CAGR of +49.5%, recorded the highest growth rate of 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 from X kVA to X kVA stood at $X per unit in 2022, declining by -70.5% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 6.7%. 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 China ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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