Spain: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Spain

After two years of growth, the Spanish market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to $X in 2023. In general, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Spain

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced to $X in 2023 estimated in export price. Over the period under review, the total production indicated strong growth 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Production of peaked at $X in 2022, and then shrank in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Spain

In 2023, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports saw a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports of attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose modestly to $X in 2023. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X units), Portugal (X units) and Belgium (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Spain, with a combined X% share of total exports. Denmark, Switzerland, the Netherlands, Estonia, Mexico, the United States, Morocco, France and the United Arab Emirates lagged somewhat behind, together accounting for 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 the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Switzerland ($X) and Portugal ($X) were the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Spain worldwide, with a combined X% share of total exports. Mexico, the Netherlands, the United States, Estonia, Morocco, France, Belgium, Denmark and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2023, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Belgium ($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 more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Spain

In 2023, after two years of growth, there was significant decline in purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by X% to X units. In general, imports showed a mild descent. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2023. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Spain, with a combined X% share of total imports. The Czech Republic, Turkey, France, the United States and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Spain, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2023, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, picking up by X% against the previous year. In general, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the Czech Republic ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform