Scandinavia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Scandinavia

For the third consecutive year, the Scandinavia market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA recorded growth in sales value, which increased by 8.9% to $X in 2022. Over the period under review, consumption showed a mild slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption 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 declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 19%. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in Scandinavia

For the fourth year in a row, Scandinavia recorded growth in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by 2.5% to X units in 2022. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 168% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X in 2022. In general, exports, however, saw a slight contraction. The growth pace was the most rapid in 2019 with an increase of 38% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X units) and Norway (X units) were the key exporters of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in 2022, recording near 40% and 40% of total exports, respectively. It was distantly followed by Sweden (X units), achieving a 21% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +44.5%), while the other leaders experienced more modest paces of growth.

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

Among the main exporting countries, Sweden, with a CAGR of +0.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2018 when the export price increased by 41% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-5.7%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in Scandinavia

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -58.6% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 242%. Over the period under review, imports of attained the peak figure at X units in 2021, and then reduced remarkably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank slightly to $X in 2022. In general, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2014 with an increase of 33%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Finland dominates kVA structure, accounting for X units, which was approx. 84% of total imports in 2022. It was distantly followed by Sweden (X units) and Norway (X units), together constituting a 16% share of total imports.

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 imports, with a CAGR of +56.6% from 2012 to 2022. Norway (-7.5%) and Sweden (-26.1%) illustrated a downward trend over the same period. Finland (+84 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -83.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Sweden, with a CAGR of -2.5%, recorded 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, picking up by 133% against the previous year. Over the period under review, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2017 an increase of 155%. The level of import peaked at $X per unit in 2015; however, from 2016 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 ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+31.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform