Thailand - Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Thailand - Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA - Market Analysis, Forecast, Size, Trends And Insights

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Price for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand - 2024

Contents:

  1. Price for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand (CIF) - 2024
  2. Price for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand (FOB) - 2022
  3. Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand
  4. Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand

Price for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand (CIF) - 2024

In January 2024, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA amounted to $4.1 per unit, picking up by 5.8% against the previous month. Overall, import price indicated a pronounced increase from January 2023 to January 2024: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA decreased by -13.9% against November 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 77% month-to-month. As a result, import price attained the peak level of $5.9 per unit. From August 2023 to January 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($3.9 per unit), while the price for the United States stood at $2.0 per unit.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand (FOB) - 2022

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA stood at $6.9 per unit in 2022, which is down by -17.6% against the previous year. Over the period under review, the export price, however, posted slight growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 165% against the previous year. The export price peaked at $34 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($60 per unit), while the average price for exports to Japan ($0.9 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 Papua New Guinea (+68.2%), 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 over 500 kVA in Thailand

For the fourth consecutive year, Thailand recorded growth in overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA, which increased by 25% to 17M units in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA surged to $66M in 2022. The total import value increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China35.943.844.049.711.5%
United States1.21.31.16.979.2%
South Korea2.33.72.03.09.3%
CameroonN/AN/AN/AN/A0%
Others7.45.58.06.8-2.8%
Total46.754.355.166.412.4%

Top Suppliers of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA to Thailand in 2022:

  1. China (13.9M units)
  2. United States (1.0M units)
  3. South Korea (0.5M units)
  4. Cameroon (0.3M units)

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand

For the fourth year in a row, Thailand recorded growth in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over 500 kVA, which increased by 70% to 2.1M units in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 205% against the previous year. Over the period under review, the exports of attained the maximum in 2022 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 over 500 kVA skyrocketed to $15M in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Export of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia4693,3712,6953,916102.9%
Slovakia0.967.84221,3871055.1%
Japan1505971,3151,233101.8%
United States5306531,38385517.3%
Papua New GuineaN/AN/A4.352512109.3%
Singapore2301.272.648528.2%
Others4,3063,9214,7126,44814.4%
Total5,6868,61110,60514,84937.7%

Top Export Markets for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA from Thailand in 2022:

  1. Japan (1418.2K units)
  2. Slovakia (212.8K units)
  3. United States (131.2K units)
  4. Australia (75.3K units)
  5. Papua New Guinea (43.0K units)
  6. Singapore (34.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for electrical transformers with non-liquid dielectric, of power handling capacity over 500 kva in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27114380 - Transformers, n.e.c., having a power handling capacity > .500 kVA

Country coverage:

  • Thailand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Thailand
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Transformers; n.e.s. in item no. 8504.2, having a power handling capacity exceeding 500kVA - Thailand