Slovakia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

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

In 2022, the Slovak market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 24% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced rapidly to $X in 2022 estimated in export price. In general, production faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 525% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports from Slovakia

After two years of growth, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -98% to X units in 2022. Over the period under review, exports faced a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 2,197% against the previous year. The exports peaked at X units in 2021, and then dropped sharply 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 dropped to $X in 2022. In general, exports recorded a sharp decrease. The pace of growth was the most pronounced in 2015 with an increase of 205% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Italy (X units), Spain (X units) and Ireland (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Slovakia, together comprising 54% of total exports. Germany, the Czech Republic, the United States, Romania, France, Estonia, Israel and Switzerland lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +25.8%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Slovakia, comprising 52% of total exports. The second position in the ranking was taken by Romania ($X), with an 11% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-7.6% per year) and Germany (-32.8% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, picking up by 4,429% against the previous year. In general, the export price, however, continues to indicate a deep slump. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Ireland ($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 Ireland (+3,696.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Slovakia

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA into Slovakia shrank remarkably to X units in 2022, waning by -56.9% compared with 2021 figures. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 545% against the previous year. As a result, imports reached the peak of X units. From 2018 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 expanded significantly to $X in 2022. Overall, imports, however, posted a notable increase. The growth pace was the most rapid in 2017 with an increase of 437%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X units), the UK (X units) and the Czech Republic (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Slovakia, together comprising 81% of total imports. Malaysia, Germany, Italy and Thailand lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +93.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and the UK ($X) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Slovakia, together accounting for 69% of total imports. China, Italy, Malaysia and Thailand lagged somewhat behind, together comprising a further 15%.

Malaysia, with a CAGR of +91.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of 154% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :