Scandinavia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Scandinavia

The Scandinavia market for electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded slightly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, faced a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Scandinavia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports in Scandinavia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA exported in Scandinavia soared to X units, rising by X% compared with the previous year's figure. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA fell to $X in 2022. Over the period under review, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Sweden (X units) represented roughly X% of total exports in 2022.

Sweden was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of X% from 2012 to 2022. While the share of Sweden (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier in Scandinavia.

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

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price faced a sharp contraction. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to X% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports in Scandinavia

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by X% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value 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 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Sweden prevails in kVA structure, recording X units, which was near X% of total imports in 2022. Norway (X units) took a minor share of total imports.

Sweden was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of X% from 2012 to 2022. Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Norway ($X) and Sweden ($X) were the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 Norway ($X per unit), while Sweden amounted to $X per unit.

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

Source: IndexBox Platform