Asia-Pacific: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Asia-Pacific

The Asia-Pacific market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022, growing by 34% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.2% against 2017 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports in Asia-Pacific

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Asia-Pacific expanded significantly to X units, increasing by 7.4% compared with the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,612% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, India (X units) was the major exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, comprising 56% of total exports. It was distantly followed by China (X units), Thailand (X units) and New Zealand (X units), together constituting a 42% share of total exports.

Exports from India increased at an average annual rate of +49.2% from 2012 to 2022. At the same time, New Zealand (+125.7%), Thailand (+86.8%) and China (+36.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +125.7% from 2012-2022. From 2012 to 2022, the share of Thailand, India and New Zealand increased by +16, +11 and +7.9 percentage points, respectively.

In value terms, China ($X), India ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2022, together comprising 83% of total exports.

New Zealand, with a CAGR of +48.0%, saw 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

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by 40% against the previous year. Overall, the export price, however, recorded a significant decline. 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 China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-21.7%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports in Asia-Pacific

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imported in Asia-Pacific soared to X units, picking up by 25% compared with the year before. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 3,629%. 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 liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand was the largest importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Asia-Pacific, with the volume of imports reaching X units, which was approx. 68% of total imports in 2022. It was distantly followed by Australia (X units) and Japan (X units), together generating a 23% share of total imports. New Zealand (X units) held a little share 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 - X kVA imports, with a CAGR of +109.3% from 2012 to 2022. At the same time, New Zealand (+77.4%), Australia (+64.3%) and Japan (+43.5%) displayed positive paces of growth. While the share of Thailand (+66 p.p.), Australia (+10 p.p.) and New Zealand (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-3.3 p.p.) displayed negative dynamics.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA importing markets in Asia-Pacific were Thailand ($X), Australia ($X) and New Zealand ($X), together accounting for 39% of total imports.

New Zealand, with a CAGR of +28.3%, saw the highest growth rate of the value of imports, among 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-Pacific amounted to $X per unit, jumping by 26% against the previous year. Over the period under review, the import price, however, faced a dramatic curtailment. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-27.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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