Italy: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2023

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Italy

In 2022, the Italian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by 0% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption posted significant growth. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022 estimated in export price. In general, production posted a significant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 5,256% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Italy

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Italy dropped to X units in 2022, falling by -3.9% on 2021 figures. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 10,341%. As a result, the exports attained 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 liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 39%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Switzerland (X units), Spain (X units) and France (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Italy, with a combined 51% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +140.6%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Greece ($X) constituted the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from Italy worldwide, together accounting for 39% of total exports.

Spain, with a CAGR of +53.8%, saw the highest growth rate of the value of exports, among 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 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, with an increase of 31% against the previous year. Over the period under review, the export price, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2015 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, 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 Greece ($X per unit), while the average price for exports to Switzerland ($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 Germany (-31.1%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Italy

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by 208% to X units, rising for the third consecutive year after five years of decline. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 21,391%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Overall, imports continue to indicate modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Switzerland (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Italy, with a 46% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Switzerland exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by Poland (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland amounted to +162.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+48.2% per year) and Poland (+73.1% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to Italy were Poland ($X), India ($X) and Croatia ($X), together comprising 83% of total imports. These countries were followed by Sweden, Switzerland and the United States, which together accounted for a further 14%.

Switzerland, with a CAGR of +47.0%, recorded the highest rates of growth with regard to 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 liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, remaining constant against the previous year. Overall, the import price saw a precipitous setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 71%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Croatia ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-33.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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