China: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

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

In 2022, the Chinese market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 207% to $X, rising for the second year in a row after six years of decline. Overall, consumption showed prominent growth. 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 China

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022 estimated in export price. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 267%. 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 Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from China

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were exported from China; rising by 45% on the previous year's figure. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 877%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 55%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from China, with a 23% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to India exceeded the volume sent to the second major destination, Thailand (X units), threefold. The third position in this ranking was taken by Mexico (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+55.9% per year) and Mexico (+39.9% per year).

In value terms, India ($X), Mexico ($X) and Japan ($X) constituted the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from China worldwide, with a combined 31% share of total exports.

Mexico, with a CAGR of +53.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, dropping by -5.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 1,504% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Singapore ($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 the United States (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 16% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,457% against the previous year. 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 amounted to $X in 2022. In general, imports recorded a perceptible increase. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United States (X units), Japan (X units) and Indonesia (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to China, with a combined 37% share of total imports. South Korea, Thailand, Italy, France and Germany lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +89.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and the United States ($X) were the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to China, with a combined 20% share of total imports. South Korea, France, Thailand, Italy and Indonesia lagged somewhat behind, together accounting for a further 5.9%.

Thailand, with a CAGR of +42.2%, saw the highest growth rate of 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

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, waning by -10.9% against the previous year. Overall, the import price faced a dramatic downturn. The most prominent rate of growth was recorded in 2015 an increase of 20%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-24.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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