Turkey: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Turkey

The Turkish market for electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted to $X in 2022, which is down by -7.1% against the previous year. Overall, consumption showed a pronounced contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Turkey

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 25% against the previous year. Over the period under review, production of hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from Turkey

After two years of growth, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -10.5% to X units in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 31%. Over the period under review, the exports of hit record highs at X units in 2021, and then dropped in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded significantly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 39%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Iraq (X units), Qatar (X units) and Spain (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Turkey, with a combined 33% share of total exports. Israel, the United States, Saudi Arabia, Greece, Turkmenistan, France, Denmark, Morocco, Sri Lanka and Nigeria lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +65.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from Turkey were Iraq ($X), the United States ($X) and Qatar ($X), with a combined 36% share of total exports.

The United States, with a CAGR of +90.2%, saw the highest rates of growth with regard to the value of exports, among 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 liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, growing by 23% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Greece ($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 Nigeria (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into Turkey

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA imported into Turkey surged to X units, rising by 50% against the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 793%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 950%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Cameroon (X units), China (X units) and Croatia (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Turkey, together comprising 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of +133.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Turkey, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 9% share of total imports. It was followed by Albania, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.1% per year) and Albania (+51.1% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, increasing by 143% against the previous year. Overall, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 1,252%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 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 Russia ($X per unit), while the price for Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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