Philippines: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in the Philippines

The Philippine market for electrical transformers with liquid dielectric, of power handling capacity over X kVA soared to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a dramatic decline. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from the Philippines

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were exported from the Philippines; declining by X% on the previous year. Over the period under review, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2014 when exports increased by X,145% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded modestly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from the Philippines, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Japan exceeded the volume sent to the second major destination, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%.

In value terms, Japan ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by China ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to X%.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2015 an increase of X,620% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea (X.0%), while the prices for the other major destinations experienced mixed trend patterns.

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Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into the Philippines

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were imported into the Philippines; rising by X% compared with the previous year. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier to the Philippines, accounting for a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

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: South Korea (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to the Philippines, comprising X% of total imports. The second position in the ranking was taken by South Korea ($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: South Korea (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform