Australia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Australia

The Australian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA declined dramatically to $X in 2022, waning by -24.2% against the previous year. In general, consumption, however, showed a modest increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Australia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15% 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 over 10000 kVA

Exports from Australia

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were exported from Australia; which is down by -75.6% against the previous year. In general, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 22,400%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA fell remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,230% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X units), Indonesia (X units) and Papua New Guinea (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Australia, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +82.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Australia, comprising 67% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 17% share of total exports. It was followed by Austria, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled +411.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-20.5% per year) and Austria (+25.8% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, rising by 137% against the previous year. Over the period under review, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2020 an increase of 1,794%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to New Zealand ($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 Belgium (+136.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into Australia

Imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA into Australia dropped remarkably to X units in 2022, which is down by -99.7% on the year before. In general, imports faced a precipitous contraction. The growth pace was the most rapid in 2019 with an increase of 115,408%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Over the period under review, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2018 when imports increased by 64% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier to Australia, with a 61% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The third position in this ranking was held by Vietnam (X units), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-7.9% per year) and Vietnam (-34.4% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Australia, comprising 67% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Thailand, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.4% per year) and Thailand (-10.5% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, growing by 46,164% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 104,394%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Vietnam ($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 (+42.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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