Slovakia: 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 Slovakia

For the third consecutive year, the Slovak market for electrical transformers with liquid dielectric, of power handling capacity under X kVA recorded growth in sales value, which increased by 3.2% to $X in 2022. Over the period under review, consumption, however, posted buoyant growth. Consumption of peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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

Exports from Slovakia

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity under X kVA were exported from Slovakia; picking up by 9.2% compared with 2021. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2018 when exports increased by 271% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 132%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Slovakia, with a 82% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), more than tenfold. The third position in this ranking was held by Switzerland (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+46.2% per year) and Switzerland (+20.1% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Switzerland ($X) appeared to be the largest markets for electrical transformers with liquid dielectric, of power handling capacity under X kVA exported from Slovakia worldwide, with a combined 84% share of total exports. Poland and Bulgaria lagged somewhat behind, together accounting for a further 8%.

Bulgaria, with a CAGR of +366.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, dropping by -8.6% against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 116%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-0.4%), while the prices for the other major destinations experienced a decline.

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

Imports into Slovakia

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 2.4% to X units, rising for the sixth consecutive year after two years of decline. In general, imports showed a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 207% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X units), China (X units) and Belgium (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Slovakia, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +65.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Slovakia, comprising 37% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Austria, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and Austria (+12.3% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, with an increase of 16% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 144%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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