United Kingdom: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in the UK

In 2023, the UK market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to $X, rising for the fourth year in a row after three years of decline. In general, consumption showed a resilient expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA totaled $X in 2023 estimated in export price. Over the period under review, production showed strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from the UK

For the third consecutive year, the UK recorded decline in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which decreased by X% to X units in 2023. Overall, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports of reached the peak figure at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reduced rapidly to $X in 2023. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from the UK, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Australia exceeded the volume sent to the second major destination, France (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, Falkland Islands (Malvinas) ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from the UK, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Falkland Islands (Malvinas) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Falkland Islands (Malvinas) ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (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 1 kVA - 650 kVA

Imports into the UK

In 2023, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports of hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2023. Overall, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, India (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier to the UK, accounting for a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from India exceeded the figures recorded by the second-largest supplier, Ireland (X units), fourfold. The third position in this ranking was held by Poland (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Poland (X% per year).

In value terms, India ($X), Ireland ($X) and Poland ($X) were the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to the UK, together accounting for X% of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded 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 import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the import price, however, showed a slight decline. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, 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 Portugal ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform