Europe: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

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

In 2023, the Europe market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to $X, rising for the fourth consecutive year after three years of decline. The total consumption indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA totaled $X in 2023 estimated in export price. Over the period under review, production, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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

Exports in Europe

In 2023, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were finally on the rise to reach X units after two years of decline. Overall, exports, however, saw a deep downturn. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2023. In general, exports saw a modest increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Poland (X units), distantly followed by Spain (X units), the Netherlands (X units), Switzerland (X units), Belarus (X units) and Italy (X units) represented the major exporters of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, together comprising X% of total exports. France (X units), Ireland (X units), Belgium (X units), the Czech Republic (X units), Croatia (X units), Germany (X units) and Bulgaria (X units) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Spain ($X) and Croatia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Ireland, Bulgaria, Germany, Italy, Switzerland, Belarus, the Netherlands, France, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the export price in Europe amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imported in Europe soared to X units, with an increase of X% on 2022 figures. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2023. Overall, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Estonia (X units) represented the largest importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, committing X% of total imports. France (X units) ranks second in terms of the total imports with a X% share, followed by Poland (X%), the UK (X%) and Italy (X%). Belgium (X units), Spain (X units), the Netherlands (X units), Sweden (X units) and Greece (X units) followed a long way behind the leaders.

Estonia was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports, with a CAGR of X% from 2012 to 2023. At the same time, Belgium (X%), Greece (X%), Poland (X%), France (X%), the UK (X%) and the Netherlands (X%) displayed positive paces of growth. By contrast, Spain (X%), Italy (X%) and Sweden (X%) illustrated a downward trend over the same period. Estonia (X p.p.), Poland (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the UK, Spain, Sweden and Italy saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA importing markets in Europe were the UK ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, falling by X% against the previous year. In general, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform