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

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

The ASEAN market for electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022, picking up by 61% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 82% against the previous year. As a result, production attained the peak level of $X, and then fell notably in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in ASEAN

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -20.4% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,050% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA rose remarkably to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the major exporter of electrical transformers with liquid dielectric, of power handling capacity under X kVA in ASEAN, with the volume of exports resulting at X units, which was near 37% of total exports in 2022. Singapore (X units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (19%) and Vietnam (17%). Indonesia (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +65.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 66% of total exports.

Vietnam, with a CAGR of +6.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, growing by 32% against the previous year. In general, the export price, however, saw a abrupt downturn. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-9.9%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in ASEAN

After four years of growth, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -23.4% to X units in 2022. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 439%. As a result, imports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +115.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Singapore (X units) and Malaysia (X units) were the major importers of electrical transformers with liquid dielectric, of power handling capacity under X kVA in ASEAN, together reaching near 66% of total imports. Thailand (X units) held the next position in the ranking, followed by Vietnam (X units) and Indonesia (X units). All these countries together took near 32% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity under X kVA in ASEAN, comprising 32% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by Singapore, with a 15% share.

In Thailand, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded at an average annual rate of +10.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+4.7% per year) and Singapore (+2.3% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by 54% against the previous year. Over the period under review, the import price, however, saw a deep reduction. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($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 (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform