Sri Lanka: 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 Sri Lanka

In 2022, the Sri Lankan market for electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a dramatic shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Sri Lanka

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from Sri Lanka

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were exported from Sri Lanka; approximately reflecting the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 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 soared to $X in 2022. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X units), Sweden (X units) and the UK (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Sri Lanka, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the UK ($X) and Sweden ($X) constituted the largest markets for electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from Sri Lanka worldwide, with a combined X% share of total exports.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, saw a sharp decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Maldives ($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 Thailand (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Sri Lanka

Imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA into Sri Lanka declined significantly to X units in 2022, reducing by X% on the previous year. Overall, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted dramatically to $X in 2022. In general, imports showed a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Turkey (X units), with an X% share.

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

In value terms, Japan ($X), Turkey ($X) and Germany ($X) constituted the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to Sri Lanka, with a combined X% share of total imports. China, South Korea, Italy and India lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with 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 mild reduction. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 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 Japan ($X,046 per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform