Asia: 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 Asia

The Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose slightly to $X in 2022, with an increase of 3.1% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. Over the period under review, the market attained 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 Asia

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. Over the period under review, production, however, recorded resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 155% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports in Asia

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -34.2% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 449% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically 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 skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X units), distantly followed by China (X units), Saudi Arabia (X units), Taiwan (Chinese) (X units), Japan (X units) and Hong Kong SAR (X units) represented the largest exporters of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, together achieving 86% of total exports. Thailand (X units) held a little 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 China (with a CAGR of +25.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Asia, comprising 35% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.5% share of total exports. It was followed by South Korea, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +1.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-3.8% per year) and South Korea (-1.9% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by 81% against the previous year. In general, the export price, however, saw a deep setback. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-7.6%), 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 16 kVA to 500 kVA

Imports in Asia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported in Asia shrank remarkably to X units, falling by -39.9% on the previous year's figure. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 244%. As a result, imports reached the peak of X units, and then dropped notably 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 rose modestly to $X in 2022. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units), Japan (X units), Saudi Arabia (X units), Vietnam (X units) and Hong Kong SAR (X units) represented the largest importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Asia, generating 71% of total import. It was distantly followed by Singapore (X units), constituting a 5.2% share of total imports. Cambodia (X units), South Korea (X units), the Philippines (X units), Israel (X units), India (X units), Taiwan (Chinese) (X units) and Pakistan (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in Asia were Japan ($X), India ($X) and Saudi Arabia ($X), with a combined 33% share of total imports. Thailand, Singapore, Taiwan (Chinese), the Philippines, South Korea, Vietnam, Pakistan, Cambodia, Hong Kong SAR and Israel lagged somewhat behind, together comprising a further 29%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +14.9%, recorded 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, jumping by 70% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. Over the period under review, import prices attained 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 India ($X per unit), while Hong Kong SAR ($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 (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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