Overview of the Global Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

In 2022, the global market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to $X, rising for the third consecutive year after six years of decline. Overall, consumption showed a perceptible setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the global market remained at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, global production of growth remained at a somewhat lower figure.

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Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were exported worldwide; rising by X% on the previous year's figure. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Mexico (X units) was the key exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, generating X% of total exports. It was distantly followed by China (X units), constituting a X% share of total exports. India (X units) and Turkey (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Mexico stood at X%. At the same time, China (X%), Turkey (X%) and India (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China and Mexico increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplying countries worldwide were Mexico ($X), Turkey ($X) and China ($X), with a combined X% share of global exports.

Among the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a deep setback. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports

For the third consecutive year, the global market recorded decline in purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which decreased by X% to X units in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico prevails in kVA structure, finishing at X units, which was approx. X% of total imports in 2022. The following importers - Singapore (X units) and Estonia (X units) - each finished at a X% share of total imports.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Estonia (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Estonia (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Singapore (X p.p.) and Mexico (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA worldwide, comprising X% of global imports. The second position in the ranking was held by Singapore ($X), with a X% share of global imports.

In Mexico, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Estonia (X% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, with an increase of X% against the previous year. In general, the import price showed tangible growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform