Overview of the Global Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

The global market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022, growing by 27% against the previous year. In general, consumption continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA fell notably to $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 112% against the previous year. Global production peaked at $X in 2021, and then dropped markedly in the following year.

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

Exports

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by 2.4% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 5,015% against the previous year. Over the period under review, the global exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Overall, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Croatia (X units) was the main exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, comprising 36% of total exports. It was distantly followed by Belarus (X units), Poland (X units), India (X units), Spain (X units) and the Netherlands (X units), together constituting a 37% share of total exports. Italy (X units), Ireland (X units), Bulgaria (X units), China (X units), Thailand (X units), Germany (X units) and Canada (X units) held a relatively small share of total exports.

Croatia was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +134.3% from 2012 to 2022. At the same time, the Netherlands (+97.4%), Thailand (+86.8%), Italy (+65.3%), Belarus (+63.6%), Germany (+62.6%), Poland (+60.4%), Bulgaria (+55.9%), Canada (+52.5%), Spain (+49.9%), Ireland (+49.7%), India (+49.2%) and China (+36.6%) displayed positive paces of growth. While the share of Croatia (+35 p.p.), the Netherlands (+5.9 p.p.), Belarus (+4.9 p.p.), Poland (+3.7 p.p.), Thailand (+2 p.p.) and Italy (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Poland ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, together comprising 23% of global exports. Canada, Spain, Croatia, Belarus, Germany, Ireland, Bulgaria, Italy, the Netherlands and Thailand lagged somewhat behind, together comprising a further 26%.

In terms of the main exporting countries, Croatia, with a CAGR of +14.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, jumping by 57% against the previous year. Over the period under review, the export price, however, continues to indicate a dramatic contraction. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-21.7%), while the other global leaders experienced a decline in the export price figures.

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

Imports

In 2022, global imports of electrical transformers with liquid dielectric, of power handling capacity from X kva - X kva expanded slightly to X units, with an increase of 4.8% compared with the year before. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 14,460% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of global imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X units), Thailand (X units), Germany (X units), Sweden (X units), Italy (X units) and the Netherlands (X units) represented roughly 64% of total imports in 2022. It was distantly followed by Poland (X units), constituting a 4.9% share of total imports. Finland (X units), Austria (X units), Australia (X units), the Czech Republic (X units), Portugal (X units) and Denmark (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +109.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, together accounting for 13% of global imports. The Netherlands, Thailand, Australia, Sweden, Austria, Finland, the Czech Republic, Portugal, Denmark and Poland lagged somewhat behind, together accounting for a further 15%.

The Netherlands, with a CAGR of +17.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, jumping by 40% against the previous year. In general, the import price, however, showed a sharp curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 247%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Portugal ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-34.6%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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