Overview of the Global Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

The global market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2023, increasing by X% against the previous year. Overall, consumption showed a notable expansion. Over the period under review, the global market hit record highs in 2023 and is expected to retain growth in the near future.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X in 2023 estimated in export price. Overall, the total production indicated a modest 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, global production of growth remained at a lower figure.

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

Exports

After four years of growth, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units in 2023. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then declined rapidly in the following year.

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. Over the period under review, exports, however, recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, China (X units) represented the major exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, comprising X% of total exports. Turkey (X units) took the second position in the ranking, followed by Poland (X units) and India (X units). All these countries together took approx. X% share of total exports. The following exporters - Mexico (X units), Spain (X units), Hungary (X units), the Netherlands (X units), Belarus (X units), Italy (X units) and South Korea (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Hungary (X%), India (X%), the Netherlands (X%), South Korea (X%), Poland (X%), Mexico (X%), Spain (X%) and Belarus (X%) displayed positive paces of growth. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Turkey (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Belarus (X p.p.) and Italy (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries worldwide were China ($X), Mexico ($X) and Turkey ($X), together accounting for X% of global exports. Poland, Italy, Hungary, India, South Korea, Spain, the Netherlands and Belarus 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 global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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 Mexico ($X per unit), while India ($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 other global 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 2023, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units for the first time since 2019, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt decrease. Global imports peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

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. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, namely the United States, the UK and Denmark, represented more than third of total import. Ireland (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%). The Philippines (X units), Spain (X units), Hong Kong SAR (X units), Belgium (X units), Malaysia (X units), India (X units), Germany (X units) and Singapore (X units) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

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, falling by X% against the previous year. In general, the import price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Global import price peaked at $X per unit in 2022, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform