ASEAN: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in ASEAN

The ASEAN market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, rising by 31% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decline. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in ASEAN

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 8.7% to X units, rising for the fifth year in a row after two years of decline. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +71.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 40%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the main exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in ASEAN, with the volume of exports recording X units, which was approx. 67% of total exports in 2022. Indonesia (X units) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (14%). Singapore (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of +81.7% from 2012 to 2022. At the same time, Vietnam (+4.5%) and Indonesia (+1.0%) displayed positive paces of growth. By contrast, Singapore (-25.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +67 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in ASEAN, comprising 65% of total exports. The second position in the ranking was held by Singapore ($X), with an 11% share of total exports. It was followed by Vietnam, with a 10% share.

In Thailand, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +16.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-12.4% per year) and Vietnam (-2.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, rising by 29% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 62%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.9%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by 13% to X units in 2022. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 197%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +79.0% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand dominates kVA structure, recording X units, which was near 86% of total imports in 2022. It was distantly followed by Singapore (X units), making up an 8% share of total imports. The following importers - Indonesia (X units) and Malaysia (X units) - together made up 4.4% of total imports.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +37.3% from 2012 to 2022. At the same time, Indonesia (+12.7%) and Malaysia (+3.5%) displayed positive paces of growth. By contrast, Singapore (-7.4%) illustrated a downward trend over the same period. While the share of Thailand (+71 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-3.6 p.p.) and Singapore (-64.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in ASEAN, comprising 48% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports. It was followed by Malaysia, with an 11% share.

In Thailand, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of +21.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-2.5% per year) and Malaysia (-0.0% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, picking up by 17% against the previous year. Overall, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2016 an increase of 70%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform