Ireland: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Ireland

The Irish market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023, picking up by X% against the previous year. In general, consumption showed measured growth. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X in 2023 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Production of peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Ireland

In 2023, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva from Ireland skyrocketed to X units, growing by X% against 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

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. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

The UK (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 Ireland, 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 the UK exceeded the volume sent to the second major destination, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by Malaysia (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Malaysia (X% per year).

In value terms, the UK ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($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 Malaysia (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 16 kVA to 500 kVA

Imports into Ireland

For the third year in a row, Ireland recorded growth in purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by X% to X units in 2023. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced markedly to $X in 2023. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2022, and then fell markedly in the following year.

Imports by Country

Serbia (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Ireland, together accounting for X% of total imports. Hungary, Japan, China, Taiwan (Chinese), France, the United States, Germany, Spain and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Ireland were Italy ($X), Japan ($X) and France ($X), with a combined X% share of total imports. China, the Netherlands, Germany, Serbia, the United States, Hungary, Spain, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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, shrinking by X% against the previous year. Over the period under review, the import price faced a precipitous descent. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform