China: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2023

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

In 2022, the Chinese market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -2.9% to $X, falling for the sixth year in a row after two years of growth. Overall, consumption saw a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 3% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from China

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from China skyrocketed to X units, growing by 100% compared with the previous year's figure. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 620%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of 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. In general, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Estonia (X units) and Spain (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from China, with a combined 5.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +400.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and India ($X) were the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from China worldwide, together comprising 31% of total exports.

Among the main countries of destination, the United States, with a CAGR of +67.4%, 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 average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, rising by 9.4% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 168%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Estonia ($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 Spain (+4.1%), while the prices for the other major destinations experienced a decline.

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

Imports into China

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA into China reduced to X units in 2022, which is down by -7.1% on the previous year. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 502%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports 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 contracted markedly to $X in 2022. In general, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 226% against the previous year. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to China, with a 60% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Germany exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was taken by Italy (X units), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.2% per year) and Italy (-15.0% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to China were Germany ($X), France ($X) and Italy ($X), together comprising 84% of total imports. Turkey, Russia, Finland and Mexico lagged somewhat behind, together accounting for a further 1.7%.

Russia, with a CAGR of +169.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, shrinking by -55.2% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 1,315%. As a result, import price reached the peak level of $X per unit, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+104.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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