Sweden: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

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

The Swedish market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell to $X in 2022, which is down by -15% against the previous year. Over the period under review, consumption, however, posted a significant expansion. 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 Sweden

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 2.7% against the previous year. Over the period under review, production of hit record highs at $X in 2020; afterwards, it flattened through to 2022.

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

Exports from Sweden

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Sweden surged to X units, picking up by 1,761% against the previous year. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 82,939% against the previous year. As a result, the exports attained 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 non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, exports, however, continue to indicate a sharp shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Sweden, with a 90% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Norway exceeded the volume sent to the second major destination, Finland (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+2.7% per year) and the United States (+34.9% per year).

In value terms, Norway ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Sweden, comprising 36% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.5% share of total exports. It was followed by China, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.1% per year) and China (-52.1% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, which is down by -87.5% against the previous year. Overall, the export price continues to indicate a sharp reduction. The pace of growth was the most pronounced in 2021 an increase of 52,329% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Finland ($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 China (-2.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Sweden

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Sweden contracted sharply to X units, with a decrease of -15.7% compared with 2021 figures. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 376,353% against the previous year. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank dramatically to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 115%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), France (X units) and Germany (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Sweden, with a combined 76% share of total imports. Poland, Spain, Finland, Norway, Bulgaria and Denmark lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +136.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Italy ($X) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Sweden, with a combined 84% share of total imports. Finland, Poland, Norway, France, Bulgaria and Denmark lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Norway, with a CAGR of +33.0%, saw the highest rates of growth with regard to 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

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price faced a dramatic decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 108%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (-28.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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