Scandinavia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Scandinavia

In 2022, the Scandinavia market for electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -54.9% to $X, falling for the second consecutive year after three years of growth. In general, consumption showed a abrupt decrease. As a result, consumption attained 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 over X kVA in Scandinavia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.1%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports in Scandinavia

Exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to X units in 2022, increasing by 18% against the previous year. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,756% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA reduced to $X in 2022. Overall, exports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of 110% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X units) represented the key exporter of electrical transformers with liquid dielectric, of power handling capacity over X kVA in Scandinavia, achieving 99.9% of total export.

Sweden was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of +55.2% from 2012 to 2022. The shares of the largest exporters 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 over X kVA supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled -3.5%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, falling by -22.8% against the previous year. Over the period under review, the export price saw a dramatic downturn. The most prominent rate of growth was recorded in 2014 an increase of 438%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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 -37.8% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports in Scandinavia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA imported in Scandinavia declined remarkably to X units, which is down by -86.5% on the year before. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 18,259%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 65%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Sweden dominates kVA structure, finishing at X units, which was near 96% of total imports in 2022. Norway (X units) took a relatively small share of total imports.

Sweden was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of +25.8% from 2012 to 2022. Norway (-14.8%) illustrated a downward trend over the same period. Sweden (+57 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -56% from 2012 to 2022, respectively.

In value terms, Sweden ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, Sweden, with a CAGR of +5.7%, saw the highest growth rate of 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, jumping by 753% against the previous year. Overall, the import price, however, saw a deep contraction. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($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 Norway (+17.3%).

Source: IndexBox Platform