Finland: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Finland

In 2023, after five years of growth, there was significant decline in the Finnish market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, when its value decreased by X% to $X. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market reached the maximum level at $X in 2022, and then reduced in the following year.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Finland

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA dropped to $X in 2023 estimated in export price. In general, production saw a strong increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Finland

For the third consecutive year, Finland recorded growth in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which increased by X% to X units in 2023. In general, exports posted a strong 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 over X kVA surged to $X in 2023. Over the period under review, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units), Denmark (X units) and China (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Finland, together accounting for X% of total exports. South Korea, Germany, Turkey, India, the Netherlands, Ireland, Estonia, Spain, the United States and Mongolia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Sweden ($X), Denmark ($X) and South Korea ($X) were the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Finland worldwide, with a combined X% share of total exports. China, Estonia, Germany, Ireland, the Netherlands, the United States, Turkey, Spain, India and Mongolia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Ireland, 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

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Mongolia ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Finland

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Finland rose remarkably to X units, increasing by X% compared with 2022 figures. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports of hit record highs at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2023. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2023 and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Sweden (X units) and Hong Kong SAR (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Finland, with a combined X% share of total imports.

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

In value terms, Italy ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, approximately mirroring the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform