China: 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 China

After six years of growth, the Chinese market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to $X in 2022. Over the period under review, the total consumption indicated a tangible increase 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, consumption increased by X% against 2015 indices. 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 China

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA rose to $X in 2022 estimated in export price. Overall, the total production indicated a measured increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

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

Exports from China

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 sixth year in a row after two years of decline. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Spain (X units) and Hong Kong SAR (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, together comprising X% of total exports. Indonesia, India, Slovenia, Japan, Saudi Arabia, Panama, the Philippines, Zimbabwe, Ghana and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from China were Spain ($X), the United States ($X) and Hong Kong SAR ($X), together comprising X% of total exports. Slovenia, India, Saudi Arabia, Indonesia, Singapore, Japan, the Philippines, Ghana, Zimbabwe and Panama lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Slovenia, with a CAGR of X%, recorded 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, reducing by X% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Panama ($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 Slovenia (X%), while the prices for the other major destinations experienced mixed trend patterns.

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 fell dramatically to X units in 2022, shrinking by X% on the year before. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then fell significantly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA shrank remarkably to $X in 2022. Overall, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

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, accounting for a X% 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), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% 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 Taiwan (Chinese) ($X), together accounting for X% of total imports. Italy, Brazil, Turkey, Russia and Mexico lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform