ASEAN: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in ASEAN

In 2022, after seven years of growth, there was decline in the ASEAN market for electrical transformers with liquid dielectric, of power handling capacity over X kVA, when its value decreased by -4% to $X. Overall, consumption, however, recorded a notable expansion. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 1.9% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in ASEAN

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by 18% to X units, rising for the third year in a row after five years of decline. In general, exports, however, saw a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 10,343%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood 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 over 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 over X kVA exports, with a CAGR of -20.5% from 2012 to 2022. While the share of Thailand (+41 p.p.) increased significantly, 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 over X kVA supplier in ASEAN.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +7.6%.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, growing by 20% against the previous year. Overall, the export price posted a significant increase. The pace of growth appeared the most rapid in 2017 when the export price increased by 22,666% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 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 +35.3% per year.

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

Imports in ASEAN

In 2022, after four years of growth, there was significant decline in supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -76% to X units. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 2,406% against the previous year. The volume of import peaked at X units in 2021, and then fell markedly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded notably to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 42%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Thailand prevails in kVA structure, resulting at X units, which was approx. 90% of total imports in 2022. It was distantly followed by Malaysia (X units), achieving a 7.1% share of total imports. The Philippines (X units) held a minor share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA. At the same time, Malaysia (+94.0%) and the Philippines (+65.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +94.0% from 2012-2022. Malaysia (+7.1 p.p.) and the Philippines (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by -9.5% from 2012 to 2022, respectively.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA importing markets in ASEAN were the Philippines ($X), Malaysia ($X) and Thailand ($X), with a combined 42% share of total imports.

The Philippines, with a CAGR of +28.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by 371% against the previous year. Over the period under review, the import price saw prominent growth. The pace of growth was the most pronounced in 2013 when the import price increased by 711% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-15.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform