Europe: 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 Europe

In 2023, the Europe market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to $X, rising for the seventh consecutive year after four years of decline. In general, consumption, however, posted strong growth. Over the period under review, the market reached the maximum level in 2023 and is likely to see gradual growth in the near future.

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

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. Overall, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production 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 in Europe

For the third year in a row, Europe recorded growth in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by X% to X units in 2023. Total exports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, the Netherlands (X units) and Poland (X units) were the main exporters of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Europe, together finishing at near X% of total exports. Spain (X units) ranks next in terms of the total exports with a X% share, followed by Hungary (X%), Italy (X%), Sweden (X%) and Belarus (X%). Denmark (X units), Croatia (X units), France (X units), Germany (X units), the UK (X units) and Ireland (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments 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 supplying countries in Europe were Poland ($X), Italy ($X) and Hungary ($X), with a combined X% share of total exports. Germany, Spain, the Netherlands, Ireland, Croatia, Belarus, France, the UK, Sweden and Denmark lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by 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.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Sweden ($X per unit) was amongst the lowest.

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

In 2023, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a deep slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

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 saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X units) and Denmark (X units) represented the largest importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in 2023, accounting for near X% and X% of total imports, respectively. Italy (X units) took the next position in the ranking, followed by Spain (X units) and Belgium (X units). All these countries together held approx. X% share of total imports. The following importers - Germany (X units), France (X units), the Netherlands (X units), Ireland (X units), Poland (X units) and Sweden (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the UK ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Italy, Denmark, France, the Netherlands, Sweden, Poland, Belgium and Ireland lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, rising by X% against the previous year. In general, the import price showed a significant increase. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

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 Germany ($X per unit), while Denmark ($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 UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform