Sweden: 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 Sweden

The Swedish market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted remarkably to $X in 2023, shrinking by X% against the previous year. Overall, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2023 estimated in export price. Overall, production, however, showed a deep setback. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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

Exports from Sweden

In 2023, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of attained the peak figure at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

China (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 Sweden, with 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 China exceeded the volume sent to the second major destination, Norway (X units), threefold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Poland (X% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from Sweden were China ($X), Switzerland ($X) and Germany ($X), with a combined X% share of total exports.

Among the main countries of destination, Switzerland, 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 liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, jumping by X% against the previous year. In general, the export price showed significant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Norway ($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 Switzerland (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 Sweden

In 2023, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA were imported into Sweden; with a decrease of X% on the previous year. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X units in 2022, and then contracted 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 surged to $X in 2023. Over the period under review, imports, however, saw a prominent increase. 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 likely to see steady growth in the immediate term.

Imports by Country

In 2023, Poland (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Sweden, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Poland exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. Croatia (X units) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2023, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Croatia (X% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the import price posted a temperate expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform