ASEAN: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in ASEAN

The ASEAN market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA fell markedly to $X in 2023, shrinking by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then contracted rapidly in the following year.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in ASEAN

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA dropped slightly to $X in 2023 estimated in export price. Over the period under review, production saw a slight descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production of growth failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in ASEAN

In 2023, exports of electrical transformers with liquid dielectric, of power handling capacity from X kva to X kva in ASEAN was estimated at X units, surging by X% on 2022. Over the period under review, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X in 2023. Total exports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Singapore (X units) and Malaysia (X units) represented the main exporters of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in 2023, recording near X% and X% of total exports, respectively. Thailand (X units) ranks next in terms of the total exports with a X% share, followed by Vietnam (X%), the Philippines (X%) and Indonesia (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries in ASEAN were Vietnam ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. Indonesia, Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price, however, enjoyed significant growth. 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 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in ASEAN

For the third consecutive year, ASEAN recorded growth in supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by X% to X units in 2023. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Singapore (X units) was the key importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, constituting X% of total imports. It was distantly followed by the Philippines (X units) and Malaysia (X units), together comprising a X% share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. The Philippines (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in ASEAN were Malaysia ($X), the Philippines ($X) and Singapore ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform