Australia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Australia

For the eighth consecutive year, the Australian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA shrank slightly to $X in 2022 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

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Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Australia

For the third consecutive year, Australia recorded growth in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which increased by X% to X units in 2022. Over the period under review, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Australia, with a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to South Korea exceeded the volume sent to the second major destination, New Zealand (X units), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from Australia were New Zealand ($X), South Korea ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Malaysia and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, which is down by X% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to South Korea ($X 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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Australia

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

New Zealand (X units), China (X units) and India (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Australia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Croatia (X% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price, however, recorded significant growth. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform