Estonia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Estonia

After three years of growth, the Estonian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to $X in 2023. In general, consumption, however, enjoyed a strong expansion. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Estonia

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped sharply to $X in 2023 estimated in export price. Overall, production, however, enjoyed significant growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Estonia

In 2023, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Estonia, accounting for a X% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Finland exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

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

In value terms, Finland ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports.

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

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price continues to indicate strong growth. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Finland ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Estonia

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported into Estonia was estimated at X units, with an increase of X% compared with the previous year. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2023. Over the period under review, imports saw a pronounced increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Sweden (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Estonia, accounting for a X% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Sweden exceeded the figures recorded by the second-largest supplier, Finland (X units), twofold. Denmark (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 Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Denmark (X% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Estonia were Sweden ($X), Spain ($X) and Finland ($X), together comprising X% of total imports. The United States, Poland, Germany, China and Denmark lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The import price peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform