Portugal: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Portugal

In 2023, after two years of growth, there was decline in the Portuguese market for electrical transformers with liquid dielectric, of power handling capacity under X kVA, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a remarkable 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, consumption increased by X% against 2020 indices. Consumption of peaked at $X in 2022, and then declined slightly in the following year.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Portugal

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank to $X in 2023 estimated in export price. In general, production recorded a dramatic contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. 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 under 1 kVA

Exports from Portugal

In 2023, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate slight growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a noticeable shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units), Israel (X units) and Italy (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Portugal, together comprising X% of total exports. Angola, Hong Kong SAR, China, the UK, Hungary, the Netherlands, Switzerland, Cabo Verde, Brazil and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Cabo Verde, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, showed a pronounced curtailment. The export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Israel ($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 Brazil (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 under 1 kVA

Imports into Portugal

In 2023, after three years of growth, there was significant decline in supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by X% to X units. Over the period under review, total imports indicated strong growth from 2012 to 2023: its volume 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. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2022, and then contracted dramatically in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded rapidly to $X in 2023. In general, total imports indicated a remarkable increase from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier to Portugal, accounting for a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Germany (X% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA suppliers to Portugal were Spain ($X), China ($X) and Italy ($X), together comprising X% of total imports.

Italy, with a CAGR of X%, saw the highest growth rate of 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

The average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Thailand ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform