Southern Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Southern Asia

The South Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, faced a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in Southern Asia

In 2022, shipments 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 consecutive year after two years of decline. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

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. In general, exports showed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

India was the largest exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Sri Lanka (X units), constituting a X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Sri Lanka increased by X percentage points.

In value terms, India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of exports in 2022.

Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, showed a perceptible downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while India amounted to $X per unit.

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

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in Southern Asia

In 2022, purchases 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 consecutive year after two years of decline. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Over the period under review, imports recorded noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X units) represented roughly X% of total imports in 2022.

India 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. India (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Southern Asia.

In India, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform