Scandinavia: 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 Scandinavia

The Scandinavia market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined dramatically to $X in 2023, waning by X% against the previous year. In general, consumption, however, continues to indicate a measured increase. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023 estimated in export price. In general, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production of hit record highs 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 Scandinavia

In 2023, after two years of growth, there was significant decline in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by X% to X units. In general, exports recorded a deep slump. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA reduced rapidly to $X in 2023. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Norway was the major exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Sweden (X units) and Finland (X units), together constituting a X% share of total exports.

Norway was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of X% from 2012 to 2023. Finland (X%) and Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Norway increased by X percentage points.

In value terms, Finland ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

In Finland, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, growing by X% against the previous year. In general, the export price posted pronounced growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (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 Scandinavia

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA dropped markedly to X units in 2023, reducing by X% compared with the previous year's figure. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked at X units in 2022, and then declined sharply in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

Sweden was the largest importing country with an import of about X units, which recorded X% of total imports. Finland (X units) took the second position in the ranking, distantly followed by Norway (X units). All these countries together held approx. X% share of total imports.

Sweden was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of X% from 2012 to 2023. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Norway (X p.p.) and Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

In Sweden, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per unit, rising by X% against the previous year. In general, the import price recorded a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat 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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform