ASEAN: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in ASEAN

In 2023, the ASEAN market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2023 estimated in export price. Over the period under review, production saw a noticeable setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in ASEAN

After four years of growth, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units in 2023. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

In 2023, Thailand (X units) represented the main exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, making up X% of total exports. Malaysia (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%), Vietnam (X%) and Myanmar (X%).

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Malaysia, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, 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 Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in ASEAN

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to X units in 2023, jumping by X% compared with 2022. In general, imports recorded a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank to $X in 2023. Over the period under review, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Thailand (X units) and Malaysia (X units) prevails in kVA structure, together making up X% of total imports. Singapore (X units) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($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