Europe: Electrical Transformer Market 2024

Electrical Transformer Market Size in Europe

In 2023, the Europe electrical transformer market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in the near future.

Electrical Transformer Production in Europe

In value terms, electrical transformer production dropped slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Electrical Transformer Exports

Exports in Europe

In 2023, overseas shipments of electrical transformers decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked 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. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany was the largest exporting country with an export of about X units, which resulted at X% of total exports. The Netherlands (X units) ranks second in terms of the total exports with a X% share, followed by Romania (X%), France (X%) and Italy (X%). Slovakia (X units), Belgium (X units), the Czech Republic (X units), Hungary (X units), Austria (X units), Spain (X units), Bulgaria (X units) and Poland (X units) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformer exports from Germany stood at X%. At the same time, the Netherlands (X%), Bulgaria (X%), Belgium (X%), France (X%), Poland (X%), Romania (X%), Slovakia (X%), Hungary (X%) and Austria (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Spain experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) and Italy (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Belgium (X p.p.), France (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic, Italy and Germany saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformer supplying countries in Europe were Germany ($X), Italy ($X) and Poland ($X), with a combined X% share of total exports. Austria, Spain, the Netherlands, France, the Czech Republic, Hungary, Bulgaria, Belgium, Romania and Slovakia lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded 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, surging by X% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a 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 Poland ($X per unit), while Romania ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Electrical Transformer Imports

Imports in Europe

In 2023, electrical transformer imports in Europe fell to X units, with a decrease of X% on the previous year. Total imports indicated buoyant 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, electrical transformer imports soared to $X in 2023. Total imports indicated a notable 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Hungary (X units), Germany (X units), Poland (X units), France (X units), Austria (X units), Spain (X units), Italy (X units), the Netherlands (X units), the UK (X units), the Czech Republic (X units), Slovakia (X units) and Romania (X units) was the major importer of electrical transformers in Europe, making up X% of total import.

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

In value terms, the largest electrical transformer importing markets in Europe were Germany ($X), the UK ($X) and Spain ($X), together accounting for X% of total imports. France, Italy, the Netherlands, Poland, Austria, the Czech Republic, Romania, Hungary and Slovakia lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of 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, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 the UK ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform