Scandinavia: 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 Scandinavia

In 2023, the Scandinavia market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by X% to $X, falling for the second consecutive year after six years of growth. In general, consumption, however, enjoyed a strong expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reduced to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production of growth failed to regain momentum.

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

Exports in Scandinavia

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported in Scandinavia soared to X units, surging by X% on 2022 figures. Overall, exports, however, showed a dramatic descent. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2023. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Sweden (X units) was the main exporter of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, creating X% of total exports. It was distantly followed by Finland (X units), generating a X% share of total exports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. Finland (X p.p.) and Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Finland ($X) emerged as the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

In Finland, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Norway (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($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 a decline in the export price figures.

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

Imports in Scandinavia

In 2023, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kva in Scandinavia rose sharply to X units, surging by X% against 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2023. Over the period under review, imports posted a notable increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs in 2023 and are likely to continue growth in years to come.

Imports by Country

Sweden was the main importer of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Scandinavia, with the volume of imports finishing at X units, which was near X% of total imports in 2023. Finland (X units) took the second position in the ranking, followed by Norway (X units). All these countries together held near X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports into Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Finland and Norway increased by X and X percentage points, respectively.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Finland, with a CAGR of X%, 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 leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2023, surging by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price 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, import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by X% against 2021 indices. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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 Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform