Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

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

The Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, picking up by 72% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.6% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

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. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -31.2% against 2020 indices. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva in Asia surged to X units, picking up by 33% on the previous year's figure. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 707%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China was the major exporter of electrical transformers with non-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 75% of total exports in 2022. It was distantly followed by Thailand (X units), making up a 14% share of total exports. Indonesia (X units), Vietnam (X units), Japan (X units) and India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.4% from 2012 to 2022. At the same time, Thailand (+81.7%), Vietnam (+4.5%) and Indonesia (+1.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +81.7% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Japan (-3.3%) illustrated a downward trend over the same period. While the share of Thailand (+14 p.p.) and China (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-1.6 p.p.) and Japan (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Asia, comprising 73% of total exports. The second position in the ranking was held by Thailand ($X), with a 7.7% share of total exports. It was followed by Japan, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+16.0% per year) and Japan (-7.7% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, flattening at the previous year. Over the period under review, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2021 an increase of 768% against the previous year. The level of export peaked 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 Japan ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), 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 Asia

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported in Asia; rising by 18% on the previous year's figure. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 376% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +38.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X units) and China (X units) represented the key importers of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Asia, together reaching approx. 73% of total imports. It was distantly followed by Japan (X units), comprising a 17% share of total imports. The following importers - Singapore (X units) and India (X units) - together made up 5.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 65% share of total imports.

In terms of the main importing countries, Thailand, with a CAGR of +21.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, surging by 6.3% against the previous year. Over the period under review, the import price, however, faced a deep setback. The growth pace was the most rapid in 2016 when the import price increased by 21%. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 India ($X per unit), while Thailand ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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