Sweden: Electrical Transformer Market 2022

Electrical Transformer Market Size in Sweden

In 2021, after nine years of growth, there was significant decline in the Swedish electrical transformer market, when its value decreased by -96.1% to $X. Overall, consumption, however, recorded a sharp slump. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Electrical Transformer Production in Sweden

In value terms, electrical transformer production amounted to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 4.3%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Electrical Transformer Exports

Exports from Sweden

In 2021, shipments abroad of electrical transformers increased by 3,169% to X units, rising for the fifth year in a row after four years of decline. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), Estonia (X units) and Finland (X units) were the main destinations of electrical transformer exports from Sweden, together comprising 48% of total exports. Denmark, the UK, China, Norway, Germany, the United States, Romania, Croatia, Brunei Darussalam and Malaysia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +568.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for electrical transformer exports from Sweden, comprising 22% of total exports. The second position in the ranking was held by Germany ($X), with a 7% share of total exports. It was followed by the United States, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.3% per year) and the United States (-4.9% per year).

Export Prices by Country

In 2021, the average electrical transformer export price amounted to $X per unit, waning by -95.7% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 197% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Brunei Darussalam ($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 Finland (-7.2%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Sweden

In 2021, the amount of electrical transformers imported into Sweden surged to X units, growing by 1,565% on the previous year. In general, imports showed 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. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electrical transformer to Sweden, accounting for a 62% share of total imports. Moreover, electrical transformer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.3% per year) and Italy (+31.4% per year).

In value terms, the largest electrical transformer suppliers to Sweden were Italy ($X), Poland ($X) and Germany ($X), together accounting for 31% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +6.0%, saw 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, waning by -88.4% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 186% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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