Turkey: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Turkey

The Turkish market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank remarkably to $X in 2022, dropping by X% against the previous year. In general, consumption, however, showed a buoyant expansion. Consumption of peaked at $X in 2021, and then dropped sharply in the following year.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Turkey

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Turkey

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Turkey rose markedly to X units in 2022, picking up by X% against 2021 figures. In general, exports, however, recorded a slight decrease. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, exports, however, showed a slight downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Turkey, with a X% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Romania exceeded the volume sent to the second major destination, Iraq (X units), twofold. The third position in this ranking was taken by Senegal (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Senegal (X% per year).

In value terms, Romania ($X), Uzbekistan ($X) and Italy ($X) constituted the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Turkey worldwide, together accounting for X% of total exports. Iraq, the Netherlands, Poland, South Africa, Georgia, Senegal, Russia, Liberia, Mali and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Senegal, with a CAGR of X%, saw the highest growth rate of 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

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Mali ($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 Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Turkey

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Turkey surged to X units, growing by X% against 2021 figures. Over the period under review, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded rapidly to $X in 2022. In general, imports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Turkey, with a X% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Hungary (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Hungary (X% per year).

In value terms, Spain ($X), Italy ($X) and Germany ($X) appeared to be the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Turkey, together comprising X% of total imports. France, Hungary, China and Azerbaijan lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, continues to indicate slight growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform