ASEAN: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in ASEAN

The ASEAN market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2023, increasing by X% against the previous year. Overall, consumption continues to indicate strong growth. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X in 2023 estimated in export price. In general, production, however, recorded a precipitous descent. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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

Exports in ASEAN

In 2023, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were exported in ASEAN; rising by X% on the previous year's figure. Over the period under review, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA declined to $X in 2023. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Thailand (X units), together recording X% of total export.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand amounted to X%.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for Thailand amounted to X% per year.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in ASEAN

In 2023, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, imports saw significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of hit record highs 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 over X kVA surged to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in 2023 were Thailand (X units), together recording X% of total import.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of X% from 2012 to 2023. While the share of Thailand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in ASEAN.

In Thailand, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a significant decrease. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2023, the rate of growth in terms of prices for Thailand amounted to X% per year.

Source: IndexBox Platform