Europe: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

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

In 2023, the Europe market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to $X, rising for the seventh consecutive year after four years of decline. Over the period under review, consumption, however, recorded a moderate increase. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA dropped to $X in 2023 estimated in export price. Over the period under review, production showed a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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

Exports in Europe

After two years of growth, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of X units, and then shrank notably in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023. Total exports indicated a prominent expansion 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, 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), distantly followed by Spain (X units), Hungary (X units), the Netherlands (X units), Belarus (X units), Italy (X units) and Denmark (X units) represented the key exporters of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, together creating X% of total exports. The following exporters - Croatia (X units), France (X units), Germany (X units), the UK (X units), Ireland (X units) and Bulgaria (X units) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries in Europe were Poland ($X), Italy ($X) and Hungary ($X), together comprising X% of total exports. Germany, Spain, the Netherlands, Ireland, Croatia, Belarus, France, Bulgaria, the UK and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Netherlands, 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 export price in Europe amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price showed a temperate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Denmark ($X per unit) was amongst the lowest.

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

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

Imports in Europe

In 2023, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, showed a abrupt slump. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

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

Imports by Country

The UK (X units) and Denmark (X units) were the major importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in 2023, accounting for approx. X% and X% of total imports, respectively. Ireland (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%) and Spain (X%). Belgium (X units), Germany (X units), France (X units) and the Netherlands (X units) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Italy, Denmark, France, the Netherlands, Belgium and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw 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

In 2023, the import price in Europe amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of import peaked at $X per unit in 2022, and then fell in the following year.

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 Germany ($X per unit), while Ireland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform