Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Asia

The Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA fell dramatically to $X in 2022, shrinking by -19.6% against the previous year. Overall, consumption continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 2.1% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable 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 Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in Asia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported in Asia surged to X units, growing by 37% on the previous year. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 772% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India was the main exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Asia, with the volume of exports finishing at X units, which was near 44% of total exports in 2022. China (X units) ranks second in terms of the total exports with a 29% share, followed by Thailand (7.1%) and Turkey (4.8%). The following exporters - South Korea (X units), Kazakhstan (X units) and Vietnam (X units) - together made up 8.6% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of +49.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries in Asia were China ($X), Turkey ($X) and India ($X), together accounting for 86% of total exports.

Turkey, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, picking up by 23% against the previous year. In general, the export price, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 63%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in Asia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported in Asia shrank dramatically to X units, with a decrease of -17.2% against 2021 figures. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 922% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, imports showed a noticeable decline. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) was the main importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, mixing up 40% of total imports. It was distantly followed by Hong Kong SAR (X units), the United Arab Emirates (X units) and Vietnam (X units), together constituting a 30% share of total imports. The following importers - Iraq (X units), Qatar (X units), Indonesia (X units), Malaysia (X units), Bangladesh (X units), Azerbaijan (X units) and South Korea (X units) - together made up 21% of total imports.

Thailand was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +70.8% from 2012 to 2022. At the same time, Vietnam (+57.6%), Hong Kong SAR (+27.7%), Qatar (+26.6%), Indonesia (+26.4%), South Korea (+24.6%), Azerbaijan (+23.9%), the United Arab Emirates (+19.4%), Malaysia (+17.7%), Bangladesh (+17.7%) and Iraq (+15.1%) displayed positive paces of growth. While the share of Thailand (+38 p.p.), Vietnam (+7.9 p.p.) and Hong Kong SAR (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-1.8 p.p.) and Iraq (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), the United Arab Emirates ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 31% share of total imports.

Vietnam, with a CAGR of +18.4%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with an increase of 69% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The level of import peaked 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 South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-15.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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