Denmark: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Denmark

In 2023, the Danish market for electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by X% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Consumption of peaked in 2023 and is expected to retain growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Denmark

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA dropped to $X in 2023 estimated in export price. In general, production continues to indicate strong growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2022, and then reduced in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Denmark

In 2023, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined modestly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank markedly to $X in 2023. Overall, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Poland (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Denmark, with a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Poland exceeded the volume sent to the second major destination, Sweden (X units), twofold. Germany (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, Germany ($X), Poland ($X) and Sweden ($X) constituted the largest markets for electrical transformers with liquid dielectric, of power handling capacity under X kVA exported from Denmark worldwide, with a combined X% share of total exports. France, Spain, Austria, Norway, China, Latvia, Italy, Thailand, Hungary and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Latvia, 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

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the Czech Republic ($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 China (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 under 1 kVA

Imports into Denmark

In 2023, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2023 and are likely to see gradual growth in years to come.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded rapidly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports of hit record highs in 2023 and are likely to continue growth in the near future.

Imports by Country

In 2023, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Denmark, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Germany (X% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA suppliers to Denmark were Germany ($X), China ($X) and Thailand ($X), together comprising X% of total imports. Poland, Hong Kong SAR and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform