Norway: 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 Norway

The Norwegian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted markedly to $X in 2023, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt contraction. Consumption of peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

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

Exports from Norway

Exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Norway soared to X units in 2023, increasing by X% against the year before. Overall, exports enjoyed a significant increase. 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 soared to $X in 2023. Over the period under review, exports showed a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Iceland (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Norway, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Iceland exceeded the volume sent to the second major destination, Paraguay (X units), sevenfold. Italy (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Iceland stood at X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Italy (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Norway, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by Iceland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Iceland (X.6% per year).

Export Prices by Country

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($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 Iceland (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Norway

In 2023, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were imported into Norway; with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports of hit record highs at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X in 2023. Overall, imports showed noticeable growth. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Italy (X units), Croatia (X units) and Sweden (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Norway, together comprising X% of total imports. Poland, Germany, Slovenia, Austria, Turkey and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to Norway were Croatia ($X), Germany ($X) and Slovenia ($X), with a combined X% share of total imports. Sweden, Austria, Italy, Poland, Finland and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2022, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X,785 per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform