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

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

For the third consecutive year, the Scandinavia market for electrical transformers with liquid dielectric, of power handling capacity under X kVA recorded growth in sales value, which increased by 2.5% to $X in 2022. Over the period under review, consumption showed a remarkable increase. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of 101% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in Scandinavia

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 11% to X units, rising for the sixth consecutive year after four years of decline. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,573%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA soared to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 48%. 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

Sweden represented the main exporting country with an export of about X units, which resulted at 65% of total exports. It was distantly followed by Finland (X units), creating a 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +30.6%).

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

Finland, with a CAGR of +5.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, rising by 7.9% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of 97% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, 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 (-6.8%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in Scandinavia

For the fifth year in a row, Scandinavia recorded growth in purchases abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA, which increased by 8.8% to X units in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 944%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA reached $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden was the largest importer of electrical transformers with liquid dielectric, of power handling capacity under X kVA in Scandinavia, with the volume of imports amounting to X units, which was approx. 70% of total imports in 2022. It was distantly followed by Finland (X units), creating a 29% share of total imports. Norway (X units) followed a long way behind the leaders.

Imports into Sweden increased at an average annual rate of +20.8% from 2012 to 2022. At the same time, Finland (+22.7%) and Norway (+1.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +22.7% from 2012-2022. Finland (+5 p.p.) and Sweden (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -7.4% from 2012 to 2022, respectively.

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

Norway, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2013 when the import price increased by 50%. The level of import peaked at $X per unit in 2017; however, from 2018 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 Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform