Germany: 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 Germany

The German market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose sharply to $X in 2022, growing by 9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

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

Exports from Germany

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Germany reached X units, growing by 5.5% against 2021 figures. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 17,468%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Germany, with a 18% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Denmark exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was held by the United States (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark amounted to +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+69.8% per year) and the United States (+82.7% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Germany were Denmark ($X), the United States ($X) and Sweden ($X), with a combined 35% share of total exports. Spain, Switzerland, Israel, Taiwan (Chinese), the UK, France, Italy, Poland, Austria and the Netherlands lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, Israel, with a CAGR of +56.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, approximately equating the previous year. Overall, the export price faced a precipitous slump. The growth pace was the most rapid in 2017 an increase of 70% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($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 the United States (-35.7%), 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 Germany

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Germany skyrocketed to X units, picking up by 86% against the previous year's figure. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 31,470% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain 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, imports saw a slight increase. The growth pace was the most rapid in 2016 when imports increased by 162%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Italy (X units), the Czech Republic (X units) and China (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Germany, with a combined 62% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +217.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Germany were Italy ($X), China ($X) and the Czech Republic ($X), with a combined 62% share of total imports. Hungary, Poland, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further 19%.

The Netherlands, with a CAGR of +73.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, recorded a dramatic downturn. The growth pace was the most rapid in 2016 an increase of 140% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat 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 China ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-35.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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