United Kingdom: 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 the UK

In 2022, the UK market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -88.3% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -36.1% against 2017 indices. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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

Exports from the UK

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -98% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 9,820%. 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 non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from the UK, accounting for a 47% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to the Netherlands exceeded the volume sent to the second major destination, Spain (X units), twofold. Greece (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+14.5% per year) and Greece (+71.0% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from the UK, comprising 31% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Nigeria totaled +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+23.8% per year) and Spain (+11.6% 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, with an increase of 9,308% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to the Netherlands ($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 Sweden (+15.9%), 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 the UK

After two years of growth, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -93.5% to X units in 2022. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 11,534% against the previous year. Over the period under review, imports of reached the maximum at X units in 2021, and then dropped dramatically in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. In general, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 116% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to the UK, with a 42% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by China (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +119.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.6% per year) and China (+69.5% per year).

In value terms, Germany ($X), China ($X) and France ($X) appeared to be the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to the UK, with a combined 52% share of total imports. Italy, Japan, India, the United States, Denmark and Israel lagged somewhat behind, together accounting for a further 33%.

Japan, with a CAGR of +102.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 over X kVA amounted to $X per unit, increasing by 2,938% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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