India: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in India

In 2022, after three years of growth, there was significant decline in the Indian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, when its value decreased by X% to $X. In general, consumption, however, posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then declined significantly in the following year.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in India

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA dropped remarkably to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2017 with an increase of X%. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from India

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from India plummeted to X units in 2022, with a decrease of X% on the year before. In general, exports saw a mild slump. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded remarkably to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X units), Malaysia (X units) and Bhutan (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from India, with a combined X% share of total exports. Saudi Arabia, the United States, Tanzania, Nepal, Maldives, Nigeria, Zambia, the Philippines and Bangladesh lagged somewhat behind, together comprising 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 Maldives (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bhutan ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from India, comprising X% of total exports. The second position in the ranking was taken by Nepal ($X), with an X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bhutan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, growing by X% against the previous year. Overall, the export price enjoyed a strong increase. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X per unit), while the average price for exports to the UK ($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 Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into India

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank significantly to $X in 2022. In general, imports recorded a noticeable decline. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X units) was the main electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to India, with a X% share of total imports. It was followed by Taiwan (Chinese) (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to India, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a dramatic contraction. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform