Eastern Europe: 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 Eastern Europe

In 2023, the East European market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to $X, rising for the fifth year in a row after four years of decline. Overall, consumption posted a modest increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 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 in Eastern Europe

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported in Eastern Europe soared to X units, growing by X% compared with the previous year. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Poland (X units) was the largest exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, achieving X% of total exports. Belarus (X units) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Bulgaria (X%). Slovakia (X units), Hungary (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Poland stood at X%. At the same time, the Czech Republic (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%), Bulgaria (X%), Slovakia (X%), Belarus (X%) and Hungary (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland and the Czech Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by Slovakia, with an X% share.

In Poland, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a notable increase. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

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

Imports in Eastern Europe

For the fifth year in a row, Eastern Europe recorded growth in supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which increased by X% to X units in 2023. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Estonia was the largest importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Eastern Europe, with the volume of imports recording X units, which was approx. X% of total imports in 2023. It was distantly followed by Poland (X units), committing a X% share of total imports. The following importers - Slovakia (X units) and Romania (X units) - each finished at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports into Estonia stood at X%. At the same time, Slovakia (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Estonia (X p.p.) significantly strengthened its position in terms of the total imports, while Romania and Poland saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA importing markets in Eastern Europe were Poland ($X), Romania ($X) and Estonia ($X), with a combined X% share of total imports.

Estonia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2023, waning by X% against the previous year. In general, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Romania ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform