Ireland: Electrical Transformer Market 2022

Electrical Transformer Market Size in Ireland

The Irish electrical transformer market soared to $X in 2021, picking up by 356% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electrical Transformer Production in Ireland

In value terms, electrical transformer production skyrocketed to $X in 2021 estimated in export price. In general, production, however, faced a abrupt downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electrical Transformer Exports

Exports from Ireland

In 2021, the amount of electrical transformers exported from Ireland reached X units, growing by 11% against the previous year. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 642% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, electrical transformer exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a pronounced slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units), Australia (X units) and the United States (X units) were the main destinations of electrical transformer exports from Ireland, together comprising 78% of total exports.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +146.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for electrical transformer exports from Ireland, comprising 63% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports. It was followed by France, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-5.8% per year) and France (-4.6% per year).

Export Prices by Country

In 2021, the average electrical transformer export price amounted to $X per unit, jumping by 1,385% against the previous year. Overall, the export price, however, saw a abrupt contraction. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to China ($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 France (-1.6%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Ireland

In 2021, after two years of decline, there was significant growth in overseas purchases of electrical transformers, when their volume increased by 1,106% to X units. Overall, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer imports soared to $X in 2021. Over the period under review, imports, however, saw a mild reduction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Italy (X units) and China (X units) were the main suppliers of electrical transformer imports to Ireland, with a combined 66% share of total imports. These countries were followed by the UK, Taiwan (Chinese), Germany, Hong Kong SAR and Romania, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +54.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) appeared to be the largest electrical transformer suppliers to Ireland, together comprising 62% of total imports. The UK, Spain, Taiwan (Chinese), Hong Kong SAR and Romania lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +25.8%, 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, shrinking by -67.6% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 222% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+21.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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