Singapore: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2022

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

In 2021, after three years of growth, there was decline in the Singaporean market for electrical transformers with liquid dielectric, of power handling capacity over X kva, when its value decreased by -X% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

Exports from Singapore

In 2021, exports of electrical transformers with liquid dielectric, of power handling capacity over X kva from Singapore surged to X units, picking up by X% compared with 2020. Overall, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2021, 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 rose markedly to $X in 2021. In general, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kva from Singapore, with a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity over X kva to Australia exceeded the volume sent to the second major destination, Indonesia (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at -X%.

In value terms, Indonesia ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kva exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at -X%.

Export Prices by Country

In 2021, the average export price for electrical transformers with liquid dielectric, of power handling capacity over X kva amounted to $X per unit, dropping by -X% against the previous year. Overall, the export price recorded a slight slump. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($X per unit), while the average price for exports to Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+X%).

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

Imports into Singapore

In 2021, after four years of decline, there was growth in overseas purchases of electrical transformers with liquid dielectric, of power handling capacity over X kva, when their volume increased by X% to X units. In general, imports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports of hit record highs at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kva shrank to $X in 2021. Overall, imports, however, saw a pronounced decline. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of electrical transformers with liquid dielectric, of power handling capacity over X kva to Singapore, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kva to Singapore.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2021, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kva amounted to $X per unit, declining by -X% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform