United Kingdom: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in the UK

The UK market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, faced a abrupt decline. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in the UK

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA dropped to $X in 2022 estimated in export price. Over the period under review, production faced a deep slump. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports from the UK

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Hong Kong SAR (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from the UK, with a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Hong Kong SAR exceeded the volume sent to the second major destination, Nigeria (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from the UK were Nigeria ($X), Hong Kong SAR ($X) and Ireland ($X), together accounting for X% of total exports.

Among the main countries of destination, Ireland, with a CAGR of X%, recorded 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

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Morocco ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports into the UK

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported into the UK surged to X units, rising by X% on the previous year's figure. Over the period under review, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, India (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to the UK, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from India exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Ireland (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Ireland (X% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to the UK were Turkey ($X), India ($X) and Ireland ($X), with a combined X% share of total imports. The United Arab Emirates, China, Austria, Germany, the United States, Portugal and Spain lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price showed a significant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform