Slovakia: 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 Slovakia

In 2023, the Slovak market for electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw buoyant growth. Over the period under review, the market attained the maximum level in 2023 and is likely to see steady growth in years to come.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank slightly to $X in 2023 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 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 Slovakia

In 2023, approx. X units of electrical transformers with liquid dielectric, of power handling capacity under X kVA were exported from Slovakia; waning by X% compared with 2022 figures. Overall, total exports indicated a measured 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA declined remarkably to $X in 2023. Over the period under review, exports saw a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Slovakia, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Germany exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the Czech Republic (X% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity under X kVA exported from Slovakia were Germany ($X), the Czech Republic ($X) and Switzerland ($X), together comprising X% of total exports. Poland and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to 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 under X kVA stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Germany ($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 mixed trend patterns.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Slovakia

In 2023, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA into Slovakia surged to X units, picking up by X% against 2022 figures. Over the period under review, total imports indicated a strong expansion 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. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA totaled $X in 2023. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Belgium (X units) and Germany (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Slovakia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Belgium (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 under X kVA suppliers to Slovakia were China ($X), Germany ($X) and Belgium ($X), together comprising X% of total imports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per unit in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for the Netherlands ($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