Switzerland: 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 Switzerland

In 2022, the Swiss market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 94% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a buoyant increase. Consumption of peaked in 2022 and is likely to see gradual growth in years to come.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Switzerland

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2021 when the production volume increased by 178%. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

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

Exports from Switzerland

After three years of growth, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -99.6% to X units in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 17,431%. The exports peaked at X units in 2021, and then fell notably in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Over the period under review, exports saw a slight shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Italy (X units) and Ireland (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Switzerland, together accounting for 34% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +0.5%), while the other leaders experienced a decline.

In value terms, Mexico ($X), the United States ($X) and China ($X) appeared to be the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Switzerland worldwide, with a combined 45% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, rising by 38,222% against the previous year. Over the period under review, the export price recorded a prominent expansion. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Ireland ($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 Poland (+30.9%), 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 over 500 kVA

Imports into Switzerland

After four years of growth, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -99.5% to X units in 2022. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 19,420%. Over the period under review, imports of hit record highs at X units in 2021, and then declined markedly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted sharply to $X in 2022. Over the period under review, imports, however, saw moderate growth. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. Imports peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Switzerland, accounting for a 48% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.0% per year) and the Czech Republic (+46.6% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Switzerland, comprising 69% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by India, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.8% per year) and India (+211.5% per year).

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, jumping by 16,933% against the previous year. Over the period under review, the import price showed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+112.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :