Asia-Pacific: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2025

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

The Asia-Pacific market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, jumping by 96% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Overall, production saw a noticeable increase. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in Asia-Pacific

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported in Asia-Pacific skyrocketed to X units, rising by 32% compared with 2021 figures. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 707% against the previous year. As a result, the exports reached 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China was the largest exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Asia-Pacific, with the volume of exports resulting at X units, which was near 75% of total exports in 2022. It was distantly followed by Thailand (X units), generating a 14% share of total exports. The following exporters - Indonesia (X units), Vietnam (X units), Japan (X units) and India (X units) - together made up 9.4% of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from China stood at +6.4%. 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-Pacific, 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. Thailand (+14 p.p.) and China (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Japan saw its share reduced by -1.6% and -2.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Asia-Pacific, comprising 73% of total exports. The second position in the ranking was taken by Thailand ($X), with a 7.8% share of total exports. It was followed by Japan, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +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-Pacific amounted to $X per unit, dropping by -2.2% against the previous year. Overall, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 778%. The level of export peaked at $X per unit in 2017; however, from 2018 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 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-Pacific

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-Pacific; with an increase of 17% compared with the previous year. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 366%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +65.8% against 2019 indices. As a result, imports reached 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 largest importers of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Asia-Pacific, together constituting 73% of total imports. It was distantly followed by Japan (X units), constituting a 17% share of total imports. Singapore (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in Asia-Pacific were China ($X), Japan ($X) and Thailand ($X), with a combined 67% share of total imports.

In terms of the main importing countries, Thailand, with a CAGR of +21.7%, 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, picking up by 6.6% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 19%. The level of import peaked at $X per unit in 2017; however, from 2018 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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