ASEAN: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

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

The ASEAN market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022, rising by 67% against the previous year. In general, consumption enjoyed buoyant growth. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable downturn. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in ASEAN

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were exported in ASEAN; growing by 5.1% on the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,976%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2013 with an increase of 44%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, namely Thailand, represented more than two-thirds of total export.

Thailand was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +86.8% from 2012 to 2022. Thailand (+69 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) also remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in ASEAN.

From 2012 to 2022, the average annual growth rate of value in Thailand was relatively modest.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, increasing by 9.1% against the previous year. Overall, the export price, however, saw a precipitous descent. The pace of growth was the most pronounced in 2019 an increase of 120% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -46.4% per year.

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

Imports in ASEAN

In 2022, imports of electrical transformers with liquid dielectric, of power handling capacity from X kva - X kva in ASEAN surged to X units, rising by 45% compared with the previous year's figure. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 3,020%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.6% against 2020 indices. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Thailand dominates kVA structure, finishing at X units, which was approx. 95% of total imports in 2022. Vietnam (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports, with a CAGR of +109.3% from 2012 to 2022. At the same time, Vietnam (+39.5%) displayed positive paces of growth. While the share of Thailand (+89 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (-5.4 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in ASEAN, comprising 32% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at +13.4%.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, jumping by 17% against the previous year. In general, the import price, however, recorded a dramatic decline. The pace of growth appeared the most rapid in 2014 an increase of 50% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Vietnam ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-25.2%).

Source: IndexBox Platform