Eastern Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Eastern Asia

The East Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA reduced sharply to $X in 2022, shrinking by -35.8% against the previous year. Over the period under review, consumption showed a abrupt curtailment. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in Eastern Asia

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Eastern Asia soared to X units, picking up by 88% on 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 644% 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 to X kVA soared to $X in 2022. Over the period under review, exports showed a remarkable increase. As a result, the exports attained 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 recorded 85% of total exports. It was distantly followed by South Korea (X units), comprising a 10% share of total exports. Taiwan (Chinese) (X units) held a relatively small 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 to X kVA exports, with a CAGR of +40.6% from 2012 to 2022. At the same time, South Korea (+21.9%) and Taiwan (Chinese) (+13.2%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by +47 percentage points.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5.5% share of total exports.

In China, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +12.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-3.6% per year) and Taiwan (Chinese) (-11.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by 6% against the previous year. In general, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 155%. Over the period under review, the export prices attained the maximum 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 origin: amid the top suppliers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-19.7%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in Eastern Asia

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -71.4% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of 620%. The volume of import peaked at X units in 2021, and then shrank sharply in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 38% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Hong Kong SAR represented the largest importing country with an import of about X units, which reached 77% of total imports. South Korea (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Japan (5.5%). China (X units) followed a long way behind the leaders.

Hong Kong SAR was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +27.7% from 2012 to 2022. At the same time, South Korea (+24.6%) and Japan (+13.8%) displayed positive paces of growth. By contrast, China (-10.2%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+46 p.p.) and South Korea (+5.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-46.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in Eastern Asia were Hong Kong SAR ($X), Japan ($X) and China ($X), together comprising 85% of total imports.

Japan, with a CAGR of +12.2%, 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, rising by 334% against the previous year. In general, the import price, however, showed a deep reduction. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 China (+7.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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