Ireland: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2023

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Ireland

In 2021, the Irish market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -75.6% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Ireland

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X in 2021 estimated in export price. Overall, production saw a abrupt slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 53%. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Ireland

Exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Ireland surged to X units in 2021, rising by 3,973% against 2020 figures. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 13,918%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 7,315% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Ireland, with a 95% share of total exports. It was followed by Turkey (X units), with a 1.8% share of total exports. The third position in this ranking was held by the United States (X units), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-30.2% per year) and the United States (+64.6% per year).

In value terms, the UK ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Ireland, comprising 94% of total exports. The second position in the ranking was held by Turkey ($X), with a 1.5% share of total exports. It was followed by the United States, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-31.3% per year) and the United States (+11.3% per year).

Export Prices by Country

In 2021, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, dropping by -82.2% against the previous year. Overall, the export price showed a dramatic setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 841% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Turkey ($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 Malaysia (+175.8%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Ireland

In 2021, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -32.6% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 172%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted notably to $X in 2021. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of 650%. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), the UK (X units) and China (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Ireland, together accounting for 66% of total imports. These countries were followed by Spain, the United States, France, Germany, South Korea and Italy, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +140.1%), 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 from X kVA to X kVA suppliers to Ireland were France ($X), the UK ($X) and Japan ($X), with a combined 83% share of total imports.

The UK, with a CAGR of +39.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2021, which is down by -1.8% against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 176%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+243.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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