Scandinavia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Scandinavia

The Scandinavia market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, rising by 38% against the previous year. Overall, consumption showed a significant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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

Exports in Scandinavia

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -53.7% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,706% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2021, and then dropped notably in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose significantly to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +29.4% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 75% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, Finland (X units) represented the key exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, committing 79% of total exports. It was distantly followed by Sweden (X units), committing a 20% share of total exports.

Finland was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of +44.9% from 2012 to 2022. At the same time, Sweden (+6.4%) displayed positive paces of growth. From 2012 to 2022, the share of Finland increased by +65 percentage points.

In value terms, Sweden ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Scandinavia, comprising 54% of total exports. The second position in the ranking was held by Finland ($X), with a 26% share of total exports.

In Sweden, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +3.5% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, picking up by 148% against the previous year. Overall, the export price, however, saw a abrupt downturn. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Finland amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.8%).

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

Imports in Scandinavia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported in Scandinavia stood at X units, picking up by 7.1% against the year before. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 2,431% against the previous year. 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA reached $X in 2022. Overall, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Sweden (X units) represented roughly 98% of total imports in 2022.

Sweden was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +37.6% from 2012 to 2022. Sweden (+18 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, Sweden ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +2.3%.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, picking up by 2.7% against the previous year. In general, the import price, however, continues to indicate a precipitous contraction. The pace of growth was the most pronounced in 2016 when the import price increased by 26% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, 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 -25.6% per year.

Source: IndexBox Platform