Denmark: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2023

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

The Danish market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022, rising by 17% against the previous year. Overall, consumption continues to indicate a slight increase. Consumption of peaked in 2022 and is likely to see steady growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.3% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

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

Exports from Denmark

In 2022, after two years of growth, there was decline in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -2.1% to X units. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 11,735% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2021, and then contracted in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA dropped significantly to $X in 2022. In general, exports saw a noticeable slump. The pace of growth was the most pronounced in 2018 when exports increased by 398% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

France (X units), the United States (X units) and Germany (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Denmark, together comprising 48% of total exports. Poland, Austria, the Netherlands, Ireland, Italy, Singapore, Turkey, Portugal, the UK and Japan lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +186.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Denmark, comprising 24% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.8% per year) and Poland (+13.2% per year).

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, waning by -18.7% against the previous year. In general, the export price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2013 an increase of 56%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Singapore ($X 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 (-39.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Denmark

For the fifth year in a row, Denmark recorded growth in supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which increased by 22% to X units in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 24,520% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 40% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Denmark, with a 49% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Italy (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +79.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+212.1% per year) and Italy (+94.3% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Denmark, comprising 59% of total imports. The second position in the ranking was taken by Finland ($X), with an 11% share of total imports. It was followed by Italy, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+99.6% per year) and Italy (+19.2% per year).

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, leveling off at the previous year. Overall, the import price recorded a dramatic slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-38.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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