Overview of the Global Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

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

The global market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, with an increase of 96% against the previous year. In general, consumption recorded a prominent increase. Over the period under review, the global market attained the maximum level in 2022 and is likely to see steady growth in the near future.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA plummeted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +33.6% against 2018 indices. The growth pace was the most rapid in 2021 when the production volume increased by 69% against the previous year. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

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

Exports

In 2022, after four years of growth, there was significant decline in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -25.5% to X units. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,938%. Over the period under review, the global exports of reached the maximum at X units in 2021, and then fell remarkably in the following year.

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. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the six major exporters of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, namely Italy, Hungary, Belarus, Poland, Germany and India, represented more than two-thirds of total export. Ireland (X units) took a 5% share (based on physical terms) of total exports, which put it in second place, followed by China (5%) and Mexico (4.8%).

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +67.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier worldwide, comprising 18% of global exports. The second position in the ranking was held by Poland ($X), with a 5.2% share of global exports. It was followed by Germany, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +12.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+9.4% per year) and Germany (+10.0% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, increasing by 76% against the previous year. Over the period under review, the export price, however, faced a dramatic downturn. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-19.7%), while the other global leaders experienced a decline in the export price figures.

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

Imports

For the fifth consecutive year, the global market recorded growth in overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by 27% to X units in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 1,028% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units) and Canada (X units) represented roughly 51% of total imports in 2022. It was distantly followed by the UK (X units), Denmark (X units), Spain (X units) and Germany (X units), together constituting a 34% share of total imports. Poland (X units), Greece (X units) and Thailand (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +115.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Spain ($X), the UK ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together comprising 19% of global imports.

Spain, with a CAGR of +30.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, surging by 3% against the previous year. In general, the import price, however, saw a sharp decrease. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-29.4%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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