ASEAN: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in ASEAN

In 2022, after two years of growth, there was decline in the ASEAN market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when its value decreased by -1.6% to $X. Overall, consumption recorded a perceptible curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 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 soared to $X in 2022 estimated in export price. Overall, production posted a resilient increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 157% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in ASEAN

Exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank modestly to X units in 2022, which is down by -4.6% compared with 2021 figures. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 405%. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped modestly to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by 33% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X units) represented the key exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, committing 88% of total exports. It was distantly followed by Indonesia (X units), creating an 11% share of total exports.

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 +17.8% from 2012 to 2022. At the same time, Indonesia (+17.0%) displayed positive paces of growth. Thailand (+7.9 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 ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in ASEAN, comprising 16% of total exports. The second position in the ranking was held by Indonesia ($X), with a 0.6% share of total exports.

In Thailand, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA plunged by an average annual rate of -6.9% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, increasing by 4.2% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when the export price increased by 106%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Indonesia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-15.0%).

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in ASEAN

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted markedly to X units in 2022, falling by -45.4% compared with the previous year. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 207% against the previous year. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2022. In general, imports recorded a slight setback. The growth pace was the most rapid in 2017 when imports increased by 53%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Thailand was the major importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in ASEAN, with the volume of imports finishing at X units, which was approx. 46% of total imports in 2022. It was distantly followed by Vietnam (X units), Singapore (X units), Cambodia (X units) and the Philippines (X units), together constituting a 49% share of total imports. Indonesia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, with a combined 52% share of total imports. Vietnam, Indonesia and Cambodia lagged somewhat behind, together comprising a further 27%.

Cambodia, with a CAGR of +12.1%, saw the highest growth rate of the value of imports, in terms of 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 85% against the previous year. Overall, the import price, however, recorded a abrupt contraction. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Indonesia (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform