Eastern Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

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

The East Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded markedly to $X in 2022, picking up by 10% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports in Eastern Asia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported in Eastern Asia surged to X units, with an increase of 26% on 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,321%. As a result, the exports attained 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 liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in kVA structure, amounting to X units, which was approx. 93% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), creating a 6.2% share of total exports.

China was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +36.6% from 2012 to 2022. At the same time, Taiwan (Chinese) (+20.7%) displayed positive paces of growth. China (+27 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -9.1% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in Eastern Asia, comprising 84% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +6.9%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, rising by 20% against the previous year. Overall, the export price, however, saw a significant decline. The pace of growth appeared the most rapid in 2021 an increase of 128%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 China ($X per unit), while Taiwan (Chinese) amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-16.2%).

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

Imports in Eastern Asia

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were imported in Eastern Asia; therefore, remained relatively stable against 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,443% 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 fell to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by 62%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Japan prevails in kVA structure, recording X units, which was approx. 94% of total imports in 2022. China (X units) took a minor share of total imports.

Japan was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports, with a CAGR of +43.5% from 2012 to 2022. At the same time, China (+3.2%) displayed positive paces of growth. While the share of Japan (+59 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-35.5 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Eastern Asia, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at -11.0%.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, dropping by -6.9% against the previous year. Over the period under review, the import price saw a precipitous contraction. The growth pace was the most rapid in 2021 when the import price increased by 163% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Japan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-5.6%).

Source: IndexBox Platform

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