Portugal: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Portugal

In 2022, the Portuguese market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -95.7% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption, however, posted a notable increase. Consumption of peaked at $X in 2021, and then reduced remarkably in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022 estimated in export price. In general, production, however, recorded a mild contraction. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Portugal

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -56.5% to X units, falling for the second consecutive year after five years of growth. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 381%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted remarkably to $X in 2022. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 70%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Portugal, accounting for a 67% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Angola exceeded the volume sent to the second major destination, Madagascar (X units), eightfold. The third position in this ranking was held by Cabo Verde (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Angola stood at -19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (-67.9% per year) and Cabo Verde (+8.4% per year).

In value terms, Angola ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Portugal, comprising 73% of total exports. The second position in the ranking was taken by Madagascar ($X), with an 11% share of total exports. It was followed by Guinea, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Angola amounted to -21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (-80.9% per year) and Guinea (+31.6% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, reducing by -24.6% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of 393%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Guinea ($X per unit), while the average price for exports to South Africa ($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 South Africa (+53.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Portugal

In 2022, after two years of growth, there was significant decline in purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -99% to X units. Over the period under review, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of 40,766%. Imports peaked at X units in 2021, and then fell notably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Spain (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Portugal, accounting for a 73% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Spain exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Italy (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+63.5% per year) and Italy (+39.5% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Portugal, comprising 65% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by Italy, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +179.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.2% per year) and Italy (+30.3% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, rising by 16,419% against the previous year. Overall, the import price enjoyed a measured expansion. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+53.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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