Eastern Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Eastern Asia

In 2022, the East Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in Eastern Asia

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, exports enjoyed a strong expansion. 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR dominates kVA structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by China (X units), generating a X% share of total exports.

Exports from Hong Kong SAR increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Hong Kong SAR totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in Eastern Asia

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose significantly to $X in 2022. Overall, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China dominates kVA structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Japan (X units), generating a X% share of total imports. Hong Kong SAR (X units), Taiwan (Chinese) (X units) and South Korea (X units) took a relatively small share of total imports.

China was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. By contrast, South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), Japan (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR 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, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the import price, however, showed measured growth. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform