Overview of the Global Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

The global market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose rapidly to $X in 2022, picking up by 9.6% against the previous year. Over the period under review, consumption continues to indicate significant growth. As a result, consumption attained 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 Non-Liquid Dielectric, of Power Handling Capacity over X kVA

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by 34%. As a result, production reached the peak level of $X, and then reduced in the following year.

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

Exports

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported worldwide stood at X units, picking up by 5% compared with 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 55,550%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the global exports of remained at a lower figure.

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, however, showed a relatively flat trend pattern. Over the period under review, the global exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands represented the main exporter of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in the world, with the volume of exports resulting at X units, which was approx. 66% of total exports in 2022. Thailand (X units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Italy (8.2%) and Germany (5%). The following exporters - Denmark (X units) and Spain (X units) - each finished at a 4.3% share of total exports.

The Netherlands was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of +178.8% from 2012 to 2022. At the same time, Thailand (+122.3%), Denmark (+74.7%), Italy (+67.8%), Germany (+56.6%) and Spain (+47.6%) displayed positive paces of growth. While the share of the Netherlands (+65 p.p.) and Thailand (+9.3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-4.7 p.p.), Spain (-8.5 p.p.) and Germany (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2022, together comprising 29% of global exports.

Among the main exporting countries, Italy, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

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, jumping by 28% against the previous year. Over the period under review, the export price, however, continues to indicate a sharp downturn. The growth pace was the most rapid in 2021 when the average export price increased by 48%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-34.4%), while the other global leaders experienced a decline in the export price figures.

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

Imports

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported worldwide amounted to X units, with an increase of 9.1% on the year before. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 172,179% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, imports, however, saw a slight decrease. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands was the main importing country with an import of about X units, which finished at 64% of total imports. It was distantly followed by Thailand (X units), achieving a 27% share of total imports. Sweden (X units) took a relatively small share of total imports.

The Netherlands was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of +222.2% from 2012 to 2022. At the same time, Thailand (+179.1%) and Sweden (+88.4%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands and Thailand increased by +64 and +26 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Sweden ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 8.2% share of global imports.

Thailand, with a CAGR of +13.4%, recorded the highest growth rate of the value of imports, in terms of 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 non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, increasing by 27% against the previous year. Over the period under review, the import price, however, faced a sharp descent. The growth pace was the most rapid in 2021 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the Netherlands ($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 (-46.5%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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