Report Finland - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Dec 4, 2022

Finland - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Electrical Transformer Market 2022

Electrical Transformer Market Size in Finland

In 2021, the Finnish electrical transformer market was finally on the rise to reach $X after six years of decline. Overall, consumption, however, showed a perceptible slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Electrical Transformer Production in Finland

In value terms, electrical transformer production dropped markedly to $X in 2021 estimated in export price. In general, production showed a buoyant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 834% against the previous year. As a result, production attained the peak level of $X, and then reduced rapidly in the following year.

Electrical Transformer Exports

Exports from Finland

In 2021, overseas shipments of electrical transformers increased by 797% to X units, rising for the fifth consecutive year after two years of decline. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer exports surged to $X in 2021. Overall, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.5% against 2018 indices. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units), the United Arab Emirates (X units) and Estonia (X units) were the main destinations of electrical transformer exports from Finland, together comprising 59% of total exports. China, the Philippines, Saudi Arabia, Lithuania, Belgium, Germany, Russia and Sweden lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +191.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and China ($X) constituted the largest markets for electrical transformer exported from Finland worldwide, together comprising 39% of total exports. These countries were followed by the Philippines, Saudi Arabia, Belgium, Estonia, the United Arab Emirates, India, Russia and Lithuania, which together accounted for a further 9.4%.

The Philippines, with a CAGR of +99.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electrical transformer export price amounted to $X per unit, waning by -82.1% against the previous year. In general, the export price saw a sharp contraction. The pace of growth was the most pronounced in 2019 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.3%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Finland

For the fourth year in a row, Finland recorded growth in purchases abroad of electrical transformers, which increased by 561% to X units in 2021. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer imports surged to $X in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electrical transformer to Finland, with a 52% share of total imports. Moreover, electrical transformer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Estonia (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+48.2% per year) and Estonia (+21.9% per year).

In value terms, the largest electrical transformer suppliers to Finland were Germany ($X), Italy ($X) and Sweden ($X), together comprising 41% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +13.2%, 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

The average electrical transformer import price stood at $X per unit in 2021, falling by -56.2% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 116% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical transformers in the world?
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The countries with the highest volumes of consumption in 2021 were Hungary, China and Japan, with a combined 43% share of global consumption.
What are the largest producers of electrical transformers in the world?
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China constituted the country with the largest volume of electrical transformer production, comprising approx. 29% of total volume. Moreover, electrical transformer production in China exceeded the figures recorded by the second-largest producer, South Korea, threefold. Hong Kong SAR ranked third in terms of total production with a 9.3% share.
What are the leading suppliers of electrical transformers to Finland?
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In value terms, Germany, Italy and Sweden constituted the largest electrical transformer suppliers to Finland, together comprising 41% of total imports.
What are the leading importers of electrical transformers from Finland?
+
In value terms, the largest markets for electrical transformer exported from Finland were Germany, Sweden and China, together accounting for 39% of total exports. These countries were followed by the Philippines, Saudi Arabia, Belgium, Estonia, the United Arab Emirates, India, Russia and Lithuania, which together accounted for a further 9.4%.
What is the average export price for electrical transformers in Finland?
+
The average electrical transformer export price stood at $7.7 per unit in 2021, waning by -82.1% against the previous year.
What is the average import price for electrical transformers in Finland?
+
In 2021, the average electrical transformer import price amounted to $3 per unit, falling by -56.2% against the previous year.

This report provides an in-depth analysis of the electrical transformer market in Finland. 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:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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