Ireland: Electrical Transformer Market 2024

Electrical Transformer Market Size in Ireland

In 2022, the Irish electrical transformer market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Electrical Transformer Production in Ireland

In value terms, electrical transformer production stood at $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Electrical transformer production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Electrical Transformer Exports

Exports from Ireland

In 2022, the amount of electrical transformers exported from Ireland fell significantly to X units, declining by X% on 2021 figures. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical transformer exports amounted to $X in 2022. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while 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 a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the UK was relatively modest. 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 2022, the average electrical transformer export price amounted to $X per unit, rising by X% against the previous year. In general, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into Ireland

In 2022, overseas purchases of electrical transformers increased by X% to X units, rising for the third year in a row after two years of decline. In general, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer imports surged to $X in 2022. Overall, imports saw a pronounced increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest electrical transformer supplier to Ireland, with a X% share of total imports. Moreover, electrical transformer imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by China (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, the largest electrical transformer suppliers to Ireland were Italy ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. France, Hong Kong SAR, China, the United States and Romania lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 2022, shrinking by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform