China: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

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

The Chinese market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reached $X in 2022, increasing by 6.9% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 37% 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 from China

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from China surged to X units in 2022, picking up by 23% compared with 2021 figures. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 2,709% 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 failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X units), Japan (X units) and Chile (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from China, with a combined 3.9% share of total exports. The United States, Zimbabwe, Nepal, Honduras, Vietnam, Thailand, Ghana, Tanzania, Bangladesh and Tajikistan lagged somewhat behind, together accounting for a further 4.2%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +123.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), the Philippines ($X) and Chile ($X) were the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from China worldwide, together accounting for 30% of total exports.

Among the main countries of destination, Zimbabwe, with a CAGR of +101.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, increasing by 26% against the previous year. Over the period under review, the export price, however, saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 113% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to the United States ($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 Zimbabwe (+0.0%), while the prices for the other major destinations experienced a decline.

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

Imports into China

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were imported into China; with an increase of 17% compared with the previous year's figure. Overall, imports posted a measured increase. The pace of growth was the most pronounced in 2020 with an increase of 2,806% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. In general, imports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 97% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), the UK (X units) and Thailand (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to China, with a combined 61% share of total imports. Japan, Germany, South Korea, Austria and France lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +66.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to China, comprising 48% of total imports. The second position in the ranking was held by the UK ($X), with a 22% share of total imports. It was followed by Austria, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.7% per year) and Austria (+80.2% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, with an increase of 8.4% against the previous year. In general, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 4,687%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 France ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+12.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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