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

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

After six years of growth, the Scandinavia market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -13.6% to $X in 2022. In general, consumption, however, saw significant growth. As a result, consumption attained the peak level of $X, and then fell in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 3.5%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in Scandinavia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported in Scandinavia reduced markedly to X units, declining by -94.1% against the year before. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 22,116%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, exports showed a dramatic setback. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X units) was the largest exporter of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, creating 66% of total exports. It was distantly followed by Norway (X units) and Finland (X units), together committing a 34% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Sweden stood at -12.8%. Finland (-2.8%) and Norway (-14.1%) illustrated a downward trend over the same period. While the share of Finland (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-4.6 p.p.) and Sweden (-5.6 p.p.) displayed negative dynamics.

In value terms, Finland ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Scandinavia, comprising 73% of total exports. The second position in the ranking was taken by Norway ($X), with a 16% share of total exports.

In Finland, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank by an average annual rate of -1.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-19.2% per year) and Sweden (-34.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, growing by 2,067% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in Scandinavia

After two years of growth, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -14% to X units in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 13,935%. The volume of import peaked at X units in 2021, and then contracted in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.1% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 49% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Sweden represented the key importing country with an import of around X units, which reached 88% of total imports. It was distantly followed by Finland (X units), creating a 12% share of total imports.

Sweden was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of +88.4% from 2012 to 2022. At the same time, Finland (+84.7%) displayed positive paces of growth. While the share of Sweden (+20 p.p.) increased significantly, 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 over X kVA importing markets in Scandinavia were Sweden ($X) and Finland ($X).

In terms of the main importing countries, Finland, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, increasing by 19% against the previous year. Over the period under review, the import price, however, showed a dramatic slump. The pace of growth appeared the most rapid in 2016 when the import price increased by 47%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-37.5%).

Source: IndexBox Platform