Romania: 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 Romania

In 2022, the Romanian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -38.6% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a drastic downturn. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA fell dramatically to $X in 2022 estimated in export price. In general, production, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by 121% against the previous year. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

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

Exports from Romania

For the fifth year in a row, Romania recorded growth in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by 5.2% to X units in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 2,179%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady 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 soared to $X in 2022. In general, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of 63%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Romania, with a 79% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Germany exceeded the volume sent to the second major destination, China (X units), ninefold. Ukraine (X units) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+253.5% per year) and Ukraine (+186.8% per year).

In value terms, Germany ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Romania, comprising 84% of total exports. The second position in the ranking was held by France ($X), with a 4.1% share of total exports. It was followed by Moldova, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.6% per year) and Moldova (+135.5% 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, increasing by 9.6% against the previous year. Overall, the export price, however, faced a significant contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to China ($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 Moldova (-17.8%), 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 Romania

In 2022, after four years of growth, there was significant decline in purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -47.4% to X units. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 167%. Imports peaked at X units in 2021, and then dropped significantly 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 skyrocketed to $X in 2022. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2013 when imports increased by 160%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and the United States (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 Romania, with a combined 63% share of total imports. The Czech Republic, Poland, Hong Kong SAR, Italy, Bulgaria, Hungary and the Netherlands lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +79.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Czech Republic ($X) were the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Romania, with a combined 52% share of total imports. Hungary, Italy, the Netherlands, Poland, Hong Kong SAR, the United States and Bulgaria lagged somewhat behind, together accounting for a further 35%.

Poland, with a CAGR of +71.2%, recorded the highest rates of growth with regard to 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, growing by 125% against the previous year. In general, the import price, however, showed a abrupt slump. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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