Switzerland: Electrical Transformer Market 2022

Electrical Transformer Market Size in Switzerland

The Swiss electrical transformer market skyrocketed to $X in 2021, with an increase of 3,275% against the previous year. Over the period under review, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Transformer Production in Switzerland

In value terms, electrical transformer production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced descent. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Switzerland

In 2021, approx. X units of electrical transformers were exported from Switzerland; increasing by 290% compared with the previous year. In general, exports enjoyed a prominent expansion. 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. Overall, exports, however, showed a slight slump. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the Czech Republic (X units) and China (X units) were the main destinations of electrical transformer exports from Switzerland, with a combined 50% share of total exports.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +57.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electrical transformer exports from Switzerland, comprising 28% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.0% per year) and Spain (+24.2% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2021, increasing by 64% against the previous year. In general, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Slovakia ($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 Poland (-1.5%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Switzerland

In 2021, overseas purchases of electrical transformers increased by 501% to X units, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate a prominent expansion. 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. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electrical transformer to Switzerland, accounting for a 45% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Slovakia (X units), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.2% per year) and Slovakia (+49.5% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical transformer to Switzerland, comprising 38% of total imports. The second position in the ranking was held by Italy ($X), with a 9.3% share of total imports. It was followed by the Czech Republic, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.2% per year) and the Czech Republic (+5.4% per year).

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2021, dropping by -78.6% against the previous year. In general, the import price faced a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 64% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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