Benelux: Electrical Transformer Market 2024

Electrical Transformer Market Size in Benelux

The Benelux electrical transformer market rose markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Electrical Transformer Production in Benelux

In value terms, electrical transformer production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Electrical Transformer Exports

Exports in Benelux

For the eleventh consecutive year, Benelux recorded growth in overseas shipments of electrical transformers, which increased by X% to X units in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, electrical transformer exports soared to $X in 2022. In general, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands represented the major exporter of electrical transformers in Benelux, with the volume of exports recording X units, which was near X% of total exports in 2022. It was distantly followed by Belgium (X units), constituting a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the electrical transformers exports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest electrical transformer supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, electrical transformer exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Electrical Transformer Imports

Imports in Benelux

In 2022, the amount of electrical transformers imported in Benelux surged to X units, picking up by X% compared with 2021 figures. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electrical transformer imports rose notably to $X in 2022. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands represented the largest importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Belgium (X units), comprising a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the electrical transformers imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported electrical transformers in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at X%.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform