United Kingdom: 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 the UK

In 2022, after seven years of growth, there was significant decline in the UK market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, when its value decreased by -84.5% to $X. Overall, consumption, however, posted a buoyant expansion. Consumption of peaked at $X in 2021, and then reduced dramatically in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -28.4% against 2019 indices. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from the UK

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity from X kva - X kva from the UK shrank modestly to X units, with a decrease of -2.8% compared with 2021. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 27,317% 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 failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA shrank remarkably to $X in 2022. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 291% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from the UK, with a 55% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Australia exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +187.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+48.4% per year) and the Netherlands (+48.5% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from the UK were the Netherlands ($X), Australia ($X) and Germany ($X), with a combined 57% share of total exports.

Among the main countries of destination, Australia, with a CAGR of +58.8%, recorded the highest growth rate of 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

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, dropping by -19.6% against the previous year. In general, the export price saw a precipitous curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Ireland ($X per unit), while the average price for exports to France ($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 Ireland (-16.9%), 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 the UK

After three years of growth, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -88.9% to X units in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,120%. Over the period under review, imports of hit record highs at X units in 2021, and then shrank dramatically in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to the UK, with a 51% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from India exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. Ireland (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 India amounted to +46.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+64.2% per year) and Ireland (+8.7% per year).

In value terms, India ($X), Ireland ($X) and Turkey ($X) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to the UK, with a combined 77% share of total imports. Poland, China and Sweden lagged somewhat behind, together accounting for a further 16%.

China, with a CAGR of +55.5%, saw the highest growth rate of the value of imports, among 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, growing by 1,185% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The import price peaked at $X per unit in 2015; however, from 2016 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 Ireland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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