United Kingdom - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectrical Transformer Price in the UK - 2023
Contents:
- Electrical Transformer Price in the UK (CIF) - 2022
- Electrical Transformer Price in the UK (FOB) - 2022
- Electrical Transformer Imports in the UK
- Electrical Transformer Exports in the UK
Electrical Transformer Price in the UK (CIF) - 2022
The average electrical transformer import price stood at $17 per unit in 2022, growing by 386% against the previous year. Overall, the import price, however, showed a mild curtailment. Over the period under review, average import prices reached the peak figure at $19 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($78 per unit), while the price for Taiwan (Chinese) ($2.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Transformer Price in the UK (FOB) - 2022
The average electrical transformer export price stood at $20 per unit in 2022, surging by 289% against the previous year. In general, the export price, however, recorded a pronounced setback. The export price peaked at $26 per unit in 2012; however, from 2013 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 Norway ($47 per unit), while the average price for exports to Poland ($5 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 France (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.
Electrical Transformer Imports in the UK
In 2022, after three years of growth, there was significant decline in purchases abroad of electrical transformers, when their volume decreased by -62.7% to 35M units. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 242% against the previous year. As a result, imports attained the peak of 95M units, and then reduced dramatically in the following year.
In value terms, electrical transformer imports soared to $604M in 2022. In general, imports, however, posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Transformer in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.0 | 34.0 | 41.7 | 74.1 | 49.9% |
| India | 19.6 | 22.0 | 30.5 | 73.5 | 55.4% |
| Germany | 26.2 | 19.9 | 37.5 | 53.0 | 26.5% |
| Italy | 15.6 | 16.7 | 10.7 | 33.9 | 29.5% |
| Austria | 5.3 | 1.8 | 4.3 | 22.8 | 62.6% |
| United States | 15.8 | 12.5 | 11.2 | 15.0 | -1.7% |
| Sri Lanka | 2.9 | 3.3 | 2.8 | 4.6 | 16.6% |
| Thailand | 1.5 | 1.3 | 3.6 | 3.1 | 27.4% |
| Netherlands | 22.1 | 26.2 | 2.4 | 2.6 | -51.0% |
| Hong Kong SAR | 5.6 | 1.7 | 2.6 | 2.6 | -22.6% |
| Taiwan (Chinese) | 0.8 | 0.9 | 0.9 | 2.3 | 42.2% |
| Singapore | 1.0 | 0.5 | 0.4 | 1.9 | 23.9% |
| Others | 251 | 165 | 184 | 315 | 7.9% |
| Total | 389 | 306 | 333 | 604 | 15.8% |
Top Suppliers of Electrical Transformer to the UK in 2022:
- China (20.1M units)
- Germany (3.1M units)
- Austria (1.8M units)
- Sri Lanka (1.2M units)
- Thailand (1.0M units)
- Italy (0.9M units)
- Taiwan (Chinese) (0.9M units)
- India (0.9M units)
- United States (0.9M units)
- Hong Kong SAR (0.8M units)
- Netherlands (0.7M units)
- Singapore (0.6M units)
Electrical Transformer Exports in the UK
After three years of growth, overseas shipments of electrical transformers decreased by -72.7% to 7M units in 2022. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 138%. As a result, the exports attained the peak of 26M units, and then dropped sharply in the following year.
In value terms, electrical transformer exports reached $141M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports reached the peak of $155M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Electrical Transformer in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.3 | 16.6 | 16.1 | 17.4 | 9.4% |
| Germany | 7.0 | 6.7 | 6.2 | 8.3 | 5.8% |
| Norway | 1.5 | 1.0 | 0.5 | 6.3 | 61.3% |
| France | 7.4 | 6.7 | 7.1 | 6.2 | -5.7% |
| Netherlands | 3.7 | 3.2 | 6.3 | 5.7 | 15.5% |
| Ireland | 3.2 | 5.1 | 5.1 | 5.7 | 21.2% |
| Hong Kong SAR | 2.9 | 2.2 | 3.0 | 5.2 | 21.5% |
| China | 3.4 | 3.6 | 9.1 | 4.9 | 13.0% |
| Singapore | 2.8 | 3.8 | 4.4 | 3.4 | 6.7% |
| Italy | 4.1 | 4.9 | 3.6 | 3.0 | -9.9% |
| Switzerland | 0.8 | 0.7 | 1.0 | 2.8 | 51.8% |
| Poland | 1.7 | 1.7 | 1.5 | 1.8 | 1.9% |
| Romania | 2.0 | 2.0 | 1.5 | 1.3 | -13.4% |
| Others | 67.2 | 97.0 | 66.9 | 68.6 | 0.7% |
| Total | 121 | 155 | 132 | 141 | 5.2% |
Top Export Markets for Electrical Transformer from the UK in 2022:
- Germany (1440.6K units)
- Hong Kong SAR (783.5K units)
- Italy (604.9K units)
- United States (518.2K units)
- China (373.0K units)
- Ireland (363.6K units)
- Poland (358.3K units)
- Netherlands (308.3K units)
- Singapore (306.5K units)
- France (234.5K units)
- Switzerland (177.5K units)
- Romania (161.2K units)
- Norway (135.0K units)
This report provides an in-depth analysis of the electrical transformer market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27114120 - Liquid dielectric transformers having a power handling capacity . .650 kVA
- Prodcom 27114150 - Liquid dielectric transformers having a power handling capacity > .650 kVA but . .10 .000 kVA
- Prodcom 27114180 - Liquid dielectric transformers having a power handling capacity > .10 .000 kVA
- Prodcom 27114220 - Measuring transformers having a power handling capacity . 1 kVA (including for voltage measurement)
- Prodcom 27114240 - Other transformers, n.e.c., having a power handling capacity. 1 kVA
- Prodcom 27114260 - Other transformers, having a power handling capacity > 1 kVA but . .16 kVA
- Prodcom 27114330 - Transformers, n.e.c., having a power handling capacity > .16 kVA but . .500 kVA
- Prodcom 27114380 - Transformers, n.e.c., having a power handling capacity > .500 kVA
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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