Scandinavia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Scandinavia

The Scandinavia market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022, rising by 17% against the previous year. Over the period under review, consumption showed significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports in Scandinavia

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -0.3% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 6,743% against the previous year. 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 liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 80% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Sweden (X units), together reaching 99% of total export.

Sweden was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +49.3% from 2012 to 2022. Sweden (+9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in Scandinavia.

In Sweden, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA plunged by an average annual rate of -8.0% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, jumping by 21% against the previous year. In general, the export price, however, continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -38.3% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports in Scandinavia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imported in Scandinavia skyrocketed to X units, with an increase of 20% compared with the previous year. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 181,613%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 29%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) was the major importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, mixing up 73% of total imports. It was distantly followed by Finland (X units), making up a 27% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports into Sweden stood at +65.2%. At the same time, Finland (+79.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +79.4% from 2012-2022. Finland (+16 p.p.) and Sweden (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA importing markets in Scandinavia were Sweden ($X) and Finland ($X).

In terms of the main importing countries, Finland, with a CAGR of +4.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price recorded a dramatic slump. The pace of growth appeared the most rapid in 2021 when the import price increased by 2,180% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-36.8%).

Source: IndexBox Platform