Ireland: Electrical Transformer Market 2024

Electrical Transformer Market Size in Ireland

After two years of decline, the Irish electrical transformer market increased by X% to $X in 2023. In general, consumption, however, showed a slight increase. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Electrical Transformer Production in Ireland

In value terms, electrical transformer production expanded modestly to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Electrical transformer production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Ireland

In 2023, exports of electrical transformers from Ireland skyrocketed to X units, growing by X% on the previous year's figure. In general, exports, however, continue to indicate a pronounced decrease. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, electrical transformer exports soared to $X in 2023. Overall, exports enjoyed a measured increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units), Germany (X units) and the United States (X units) were the main destinations of electrical transformer exports from Ireland, with a combined X% share of total exports. France, the Netherlands, Spain, Australia, Belgium, Denmark and South Africa lagged somewhat behind, together comprising a further X%.

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

In value terms, the UK ($X) remains the key foreign market for electrical transformers exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2023, the average electrical transformer export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per unit, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the United States ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into Ireland

After three years of growth, supplies from abroad of electrical transformers decreased by X% to X units in 2023. Overall, imports, however, saw measured growth. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, electrical transformer imports soared to $X in 2023. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), China (X units) and the United States (X units) were the main suppliers of electrical transformer imports to Ireland, with a combined X% share of total imports. Italy, the UK, the Netherlands, Hong Kong SAR and Romania lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest electrical transformer suppliers to Ireland, together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2023: its price 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, electrical transformer import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform