Sweden: 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 Sweden

The Swedish market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, increasing by 37% against the previous year. Overall, consumption saw a significant expansion. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a slight expansion. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports from Sweden

In 2022, after four years of growth, there was significant decline in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -86.6% to X units. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 1,380% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021, and then fell markedly 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 fell to $X in 2022. In general, exports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 184%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Sweden, with a 38% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Norway exceeded the volume sent to the second major destination, Denmark (X units), fivefold. Germany (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-3.2% per year) and Germany (+12.0% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Sweden were Denmark ($X), Norway ($X) and Finland ($X), together comprising 40% of total exports. China, Germany, the UK, Switzerland, Poland, France, Estonia, Australia and Belgium lagged somewhat behind, together accounting for a further 33%.

Switzerland, with a CAGR of +17.9%, saw the highest growth rate of the value of exports, in terms of 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, increasing by 590% against the previous year. In general, the export price, however, saw a pronounced shrinkage. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Belgium ($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 Denmark (+16.1%), 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 Sweden

In 2022, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 15% to X units, rising for the fifth year in a row after five years of decline. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 3,378% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2022. Overall, imports saw a perceptible increase. The pace of growth was the most pronounced in 2020 when imports increased by 209% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Italy (X units), the Netherlands (X units) and China (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 Sweden, with a combined 85% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +62.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Sweden, with a combined 64% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +18.5%, saw the highest growth rate of the value of imports, 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, waning by -9.2% against the previous year. Overall, the import price recorded a sharp downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained 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 Hungary ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-14.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :