Serbia: 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 Serbia

The Serbian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted to $X in 2023, declining by X% against the previous year. Over the period under review, consumption showed a pronounced reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined to $X in 2023 estimated in export price. In general, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Production of 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 from Serbia

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from Serbia skyrocketed to X units, rising by X% against the year before. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in the near future.

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. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

Bulgaria (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Serbia, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Bulgaria exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. Slovenia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Slovenia (X% per year).

In value terms, Slovenia ($X), Bulgaria ($X) and Bosnia and Herzegovina ($X) were the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from Serbia worldwide, together accounting for X% of total exports. Montenegro, Romania, Sweden and the Netherlands lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the export price, however, showed temperate growth. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to the Netherlands ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Serbia

In 2023, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA were imported into Serbia; surging by X% against 2022 figures. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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. In general, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

North Macedonia (X units), China (X units) and Turkey (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Serbia, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for China (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 liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Serbia were China ($X), North Macedonia ($X) and Turkey ($X), with a combined X% share of total imports.

China, with a CAGR of X%, recorded 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 liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price recorded a mild increase. As a result, import 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 importers, the country with the highest price was China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform