Romania: 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 Romania

The Romanian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reached $X in 2022, approximately equating the previous year. Overall, consumption recorded a significant expansion. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with a decrease of 99.9% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Romania

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Romania rose rapidly to X units in 2022, picking up by 11% on the previous year's figure. Over the period under review, exports, however, showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 14,968%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 137%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Romania, with a 58% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to the UK exceeded the volume sent to the second major destination, South Korea (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +61.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-3.5% per year) and Germany (-28.7% per year).

In value terms, Germany ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Romania, comprising 77% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+59.0% per year) and South Korea (+21.1% 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, increasing by 12% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2021 an increase of 20,429% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Portugal ($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 India (+80.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Romania

Imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA into Romania reached X units in 2022, remaining relatively unchanged against 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 10,471%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell markedly to $X in 2022. Over the period under review, imports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 167%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Romania, accounting for a 31% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Hungary (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +54.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+271.1% per year) and Hungary (+65.3% per year).

In value terms, Finland ($X), Italy ($X) and Hungary ($X) appeared to be the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Romania, with a combined 60% share of total imports. Turkey, Spain, France, the Czech Republic, Poland, the Netherlands, China, Germany and the UK lagged somewhat behind, together accounting for a further 35%.

Turkey, with a CAGR of +76.2%, saw 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

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with a decrease of -38.4% against the previous year. In general, the import price continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 an increase of 137% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 Finland ($X per unit), while the price for the UK ($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 (-12.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :