Asia-Pacific: 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 Asia-Pacific

In 2022, the Asia-Pacific market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

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

Exports in Asia-Pacific

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports, however, continue to indicate a perceptible setback. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Asia-Pacific, with the volume of exports reaching X units, which was near X% of total exports in 2022. Thailand (X units) took the second position in the ranking, followed by Malaysia (X units), Singapore (X units) and South Korea (X units). All these countries together held near X% share of total exports. India (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from China stood at X%. At the same time, Malaysia (X%), Thailand (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, India (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Thailand (X p.p.), Malaysia (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by India, with an X% share.

In China, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia-Pacific

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported in Asia-Pacific surged to X units, with an increase of X% against the year before. Overall, imports enjoyed temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X units) represented the largest importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, achieving X% of total imports. Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%). The following importers - Malaysia (X units), Cambodia (X units) and Brunei Darussalam (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports into Singapore stood at X%. At the same time, Cambodia (X%), the Philippines (X%), Hong Kong SAR (X%), Brunei Darussalam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Hong Kong SAR (X p.p.), the Philippines (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Singapore ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Malaysia, Cambodia and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price recorded a mild decline. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, 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