Australia: Electrical Transformer Market 2024

Electrical Transformer Market Size in Australia

The Australian electrical transformer market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a strong expansion. Electrical transformer consumption peaked in 2022 and is expected to retain growth in the near future.

Electrical Transformer Production in Australia

In value terms, electrical transformer production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021, and then dropped slightly in the following year.

Electrical Transformer Exports

Exports from Australia

After two years of growth, overseas shipments of electrical transformers decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, electrical transformer exports reduced to $X in 2022. Overall, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for electrical transformer exports from Australia, with a X% share of total exports. Moreover, electrical transformer exports to New Zealand exceeded the volume sent to the second major destination, Malaysia (X units), sevenfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for electrical transformers exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the United States (X% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, faced a deep setback. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Australia

In 2022, after four years of growth, there was significant decline in overseas purchases of electrical transformers, when their volume decreased by X% to X units. Over the period under review, imports showed a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, electrical transformer imports soared to $X in 2022. In general, imports recorded a mild descent. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Australia, accounting for a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. New Zealand (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and New Zealand (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers to Australia, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and India (X% per year).

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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