Eastern Asia: Electrical Transformer Market 2025

Electrical Transformer Market Size in Eastern Asia

In 2022, the East Asian electrical transformer market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Electrical Transformer Production in Eastern Asia

In value terms, electrical transformer production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Electrical Transformer Exports

Exports in Eastern Asia

In 2022, the amount of electrical transformers exported in Eastern Asia skyrocketed to X units, increasing by X% compared with 2021. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, electrical transformer exports rose remarkably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X units, which reached X% of total exports. Hong Kong SAR (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Japan (X%).

China was also the fastest-growing in terms of the electrical transformers exports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%), Japan (X%) and South Korea (X%) displayed positive paces of growth. From 2012 to 2022, the share of China and Hong Kong SAR increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest electrical transformer supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, electrical transformer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a sharp decline. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports in Eastern Asia

In 2022, purchases abroad of electrical transformers increased by X% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, electrical transformer imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Hong Kong SAR (X units) and China (X units) represented the key importers of electrical transformers in 2022, amounting to approx. X% and X% of total imports, respectively. Japan (X units) ranks next in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%).

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

In value terms, the largest electrical transformer importing markets in Eastern Asia were China ($X), Hong Kong SAR ($X) and Japan ($X), together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), which accounted for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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