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

The Europe market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, recorded a slight slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

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 amounted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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

Exports in Europe

In 2023, after two years of decline, there was significant growth in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, when their volume increased by X% to X units. Overall, exports, however, saw a pronounced decrease. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2023. Over the period under review, exports recorded a mild expansion. 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), Italy (X units), the Netherlands (X units), Belarus (X units) and Switzerland (X units) were the key 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) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Spain ($X) and Croatia ($X) constituted 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 comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, surging by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to see gradual growth in the near future.

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 Croatia ($X per unit), while Belgium ($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, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were imported in Europe; jumping by X% against the year before. Overall, imports showed a prominent expansion. As a result, imports attained 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. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Estonia was the main importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Europe, with the volume of imports accounting for X units, which was near X% of total imports in 2023. 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) took a minor share of total imports.

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. From 2012 to 2023, the share of Estonia, Belgium and Poland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, saw 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

The import price in Europe stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Estonia ($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