China: 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 China

In 2022, after three years of decline, there was significant growth in the Chinese market for electrical transformers with liquid dielectric, of power handling capacity over X kVA, when its value increased by 1,569% to $X. In general, consumption, however, continues to indicate a perceptible descent. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1.1%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports from China

In 2022, after three years of growth, there was significant decline in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -76.8% to X units. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 8,601%. As a result, the exports reached the peak of X units, and then contracted significantly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports of reached the maximum at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Bulgaria (X units), Suriname (X units) and Indonesia (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from China, together accounting for 32% of total exports. Malaysia, Australia, the Philippines, Mexico, the United States, Maldives, India, Vietnam, Bangladesh and Bahrain lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +228.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from China were Indonesia ($X), Bangladesh ($X) and the Philippines ($X), together accounting for 36% of total exports. The United States, Mexico, Australia, Malaysia, Vietnam, India, Bulgaria, Suriname, Maldives and Bahrain lagged somewhat behind, together comprising a further 17%.

Among the main countries of destination, Maldives, with a CAGR of +87.4%, recorded the highest rates of growth with regard to 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 over X kVA stood at $X per unit in 2022, surging by 418% against the previous year. Overall, the export price, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2015 an increase of 545% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Bahrain ($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 Bangladesh (-19.0%), while the prices for the other major destinations experienced a decline.

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

Imports into China

In 2022, after three years of growth, there was significant decline in overseas purchases of electrical transformers with liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -95.5% to X units. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 1,323%. Over the period under review, imports of reached the maximum at X units in 2021, and then declined sharply in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted notably to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 589% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Sweden (X units) and Japan (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to China, with a combined 92% share of total imports. Italy and South Korea lagged somewhat behind, together comprising a further 5.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and South Korea ($X) appeared to be the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to China, with a combined 94% share of total imports. Italy and Japan lagged somewhat behind, together accounting for a further 5.6%.

Italy, with a CAGR of +72.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, jumping by 1,562% against the previous year. Over the period under review, the import price, however, faced a drastic downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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