Portugal: Electrical Transformer Market 2022

Electrical Transformer Market Size in Portugal

The Portuguese electrical transformer market skyrocketed to $X in 2021, surging by 5,792% against the previous year. Overall, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Transformer Production in Portugal

In value terms, electrical transformer production rose notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced decline. Electrical transformer production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Portugal

In 2021, the amount of electrical transformers exported from Portugal surged to X units, increasing by 1,623% against the previous year. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer exports soared to $X in 2021. In general, exports, however, faced a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X units) was the main destination for electrical transformer exports from Portugal, accounting for a 68% share of total exports. Moreover, electrical transformer exports to Angola exceeded the volume sent to the second major destination, Italy (X units), more than tenfold. The third position in this ranking was taken by Mozambique (X units), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola amounted to +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+92.0% per year) and Mozambique (+34.2% per year).

In value terms, the largest markets for electrical transformer exported from Portugal were Spain ($X), Angola ($X) and the UK ($X), together accounting for 48% of total exports. The United States, Nicaragua, Mozambique, Switzerland, Italy, Sao Tome and Principe and Germany lagged somewhat behind, together comprising a further 8.9%.

Among the main countries of destination, Switzerland, with a CAGR of +60.3%, 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

In 2021, the average electrical transformer export price amounted to $X per unit, waning by -90.6% against the previous year. Over the period under review, the export price faced a dramatic slump. The most prominent rate of growth was recorded in 2016 an increase of 22%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Germany ($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 Spain (-27.8%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Portugal

In 2021, overseas purchases of electrical transformers were finally on the rise to reach X units after four years of decline. Overall, imports enjoyed significant growth. 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, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Spain (X units) and Italy (X units) were the main suppliers of electrical transformer imports to Portugal, together comprising 77% of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +60.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Italy ($X) were the largest electrical transformer suppliers to Portugal, with a combined 68% share of total imports.

Among the main suppliers, China, with a CAGR of +13.9%, 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 2021, the average electrical transformer import price amounted to $X per unit, falling by -76.3% against the previous year. In general, the import price saw a significant contraction. The pace of growth appeared the most rapid in 2017 an increase of 26% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-11.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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