South-Eastern Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2023

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

The Southeast Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2021, growing by 8.2% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 157%. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

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

Exports in South-Eastern Asia

In 2021, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported in South-Eastern Asia surged to X units, increasing by 405% compared with the year before. In general, exports posted prominent growth. As a result, the exports reached 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 shrank sharply to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 33% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X units) was the major exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, comprising 80% of total exports. It was distantly followed by Indonesia (X units), generating an 18% share of total exports.

Exports from Thailand increased at an average annual rate of +19.5% from 2012 to 2021. At the same time, Indonesia (+26.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +26.4% from 2012-2021. Indonesia (+7.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in South-Eastern Asia, comprising 23% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to -3.5%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, waning by -84% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by 106%. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Indonesia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-19.3%).

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

Imports in South-Eastern Asia

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to X units in 2021, picking up by 207% compared with 2020. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped slightly to $X in 2021. Over the period under review, imports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 53% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Thailand was the main importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in South-Eastern Asia, with the volume of imports finishing at X units, which was near 59% of total imports in 2021. Vietnam (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (8.4%). The following importers - the Philippines (X units), Indonesia (X units) and Singapore (X units) - each amounted to a 9.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports into Thailand stood at +13.7%. At the same time, Cambodia (+43.7%), the Philippines (+36.4%), Vietnam (+29.2%), Singapore (+10.5%) and Indonesia (+2.4%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +43.7% from 2012-2021. From 2012 to 2021, the share of Vietnam, Cambodia and the Philippines increased by +13, +7.2 and +2.5 percentage points, respectively.

In value terms, the Philippines ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. These countries were followed by Vietnam, Cambodia and Indonesia, which together accounted for a further 27%.

In terms of the main importing countries, Cambodia, with a CAGR of +14.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, dropping by -68.3% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 46%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-9.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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