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

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

In 2022, the East Asian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by 220% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

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

Exports in Eastern Asia

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -77.1% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 5,933% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded remarkably to $X in 2022. Over the period under review, exports saw a pronounced setback. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) was the largest exporter of electrical transformers with liquid dielectric, of power handling capacity over X kVA in Eastern Asia, generating 98% of total export.

China was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of +53.6% from 2012 to 2022. China (+70 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at +2.7%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, surging by 384% against the previous year. Over the period under review, the export price, however, saw a dramatic decrease. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -33.2% per year.

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

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -78.5% to X units. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 828%. Over the period under review, imports of hit record highs at X units in 2021, and then fell notably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA fell to $X in 2022. In general, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2020 when imports increased by 240%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X units) represented the main importer of electrical transformers with liquid dielectric, of power handling capacity over X kVA, generating 66% of total imports. China (X units) held the second position in the ranking, distantly followed by Japan (X units) and Taiwan (Chinese) (X units). All these countries together took near 29% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity over X kVA imports into South Korea stood at +20.3%. At the same time, Hong Kong SAR (+22.6%), Japan (+14.4%), Taiwan (Chinese) (+13.8%) and China (+5.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +22.6% from 2012-2022. While the share of South Korea (+25 p.p.) and Hong Kong SAR (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-22.8 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 over X kVA importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 86% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 11%.

Taiwan (Chinese), with a CAGR of +21.9%, saw the highest growth rate of 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

In 2022, the import price in Eastern Asia amounted to $X per unit, surging by 333% against the previous year. Overall, the import price, however, faced a deep downturn. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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