Ireland: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Ireland

In 2022, the Irish market for electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded resilient growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from Ireland

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Ireland reduced markedly to X units, declining by X% against 2021. In general, exports, however, continue to indicate a significant expansion. The exports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted notably to $X in 2022. Overall, exports faced a significant decline. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Ireland, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to the UK exceeded the volume sent to the second major destination, the Netherlands (X units), threefold.

From 2016 to 2022, the average annual growth rate of volume to the UK amounted to X%.

In value terms, the UK ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of value to the UK totaled X%.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, reducing by X% against the previous year. Overall, the export price continues to indicate a significant curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands amounted to $X per unit.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into Ireland

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA reduced to $X in 2022. In general, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Hungary (X units) and Croatia (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Ireland, together accounting for X% of total imports.

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

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to Ireland were Italy ($X), Germany ($X) and Hungary ($X), with a combined X% share of total imports. Croatia, Turkey, the UK, the Netherlands, Belgium, the United States, Spain, Poland, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Denmark ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform