Asia-Pacific: 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-Pacific

The Asia-Pacific market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA shrank remarkably to $X in 2022, waning by -37.2% against the previous year. Overall, consumption recorded a noticeable decline. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable slump. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in Asia-Pacific

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA were exported in Asia-Pacific; rising by 32% compared with 2021 figures. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,070% 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 remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India was the largest exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Asia-Pacific, with the volume of exports amounting to X units, which was near 49% of total exports in 2022. China (X units) ranks second in terms of the total exports with a 32% share, followed by Thailand (7.8%). South Korea (X units), Vietnam (X units), Indonesia (X units) and Taiwan (Chinese) (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +45.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Asia-Pacific, comprising 70% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by South Korea, with a 4.3% share.

In China, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +12.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+5.0% per year) and South Korea (-3.6% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, increasing by 39% against the previous year. Over the period under review, the export price, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 46% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-19.7%), 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-Pacific

After four years of growth, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -50.3% to X units in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 946%. Over the period under review, imports of reached the peak figure at X units in 2021, and then shrank notably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. The total import value increased at an average annual rate of +1.6% 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 hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Thailand represented the largest importing country with an import of about X units, which amounted to 52% of total imports. It was distantly followed by Hong Kong SAR (X units), Vietnam (X units) and Indonesia (X units), together making up a 30% share of total imports. Malaysia (X units), Bangladesh (X units) and South Korea (X units) took a relatively small 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 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%), Indonesia (+26.4%), South Korea (+24.6%), Malaysia (+17.7%) and Bangladesh (+17.7%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand, Vietnam and Hong Kong SAR increased by +50, +10 and +5.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in Asia-Pacific were Hong Kong SAR ($X), Vietnam ($X) and South Korea ($X), with a combined 30% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +18.4%, recorded the highest growth rate of 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, increasing by 197% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 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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