Spain: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Spain

In 2022, the Spanish market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -0.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA rose notably to $X in 2022 estimated in export price. In general, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 5,306% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Spain

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were exported from Spain; surging by 4.4% on the year before. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 8,849% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 91%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

France (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Spain, with a 59% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to France exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+57.9% per year) and Germany (+71.9% per year).

In value terms, France ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Spain, comprising 65% of total exports. The second position in the ranking was held by Portugal ($X), with a 17% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+10.4% per year) and Germany (+41.6% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, with an increase of 41% against the previous year. In general, the export price, however, showed a dramatic descent. The pace of growth appeared the most rapid in 2013 an increase of 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Poland ($X per unit), while the average price for exports to Morocco ($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 Germany (-17.6%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Spain

In 2022, after two years of growth, there was significant decline in overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, when their volume decreased by -75.1% to X units. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,162%. Imports peaked at X units in 2021, and then plummeted in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reached $X in 2022. Overall, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 335% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier to Spain, with a 53% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Austria (X units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +114.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+37.3% per year) and Austria (-3.9% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to Spain were Turkey ($X), China ($X) and Italy ($X), with a combined 64% share of total imports. Poland, Germany, the Netherlands and Austria lagged somewhat behind, together accounting for a further 12%.

Poland, with a CAGR of +59.3%, saw the highest rates of growth with regard to 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

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, rising by 316% against the previous year. Over the period under review, the import price, however, continues to indicate a precipitous setback. Over the period under review, average import prices reached the peak figure 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 Italy ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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