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

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

For the fourth consecutive year, the East Asian market for electrical transformers with liquid dielectric, of power handling capacity under X kVA recorded decline in sales value, which decreased by -15.8% to $X in 2022. Overall, consumption showed a pronounced contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA reduced to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in Eastern Asia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity under X kVA exported in Eastern Asia soared to X units, picking up by 87% on the previous year's figure. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,009% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA reached $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China was the major exporting country with an export of about X units, which resulted at 63% of total exports. Hong Kong SAR (X units) ranks second in terms of the total exports with a 24% share, followed by South Korea (6.2%) and Japan (4.8%).

China was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity under X kVA exports, with a CAGR of +50.2% from 2012 to 2022. At the same time, Hong Kong SAR (+40.4%), Japan (+19.6%) and South Korea (+14.3%) displayed positive paces of growth. While the share of China (+39 p.p.) and Hong Kong SAR (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-13.5 p.p.) and South Korea (-31.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 25% share of total exports. It was followed by Japan, with a 2.5% share.

In China, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded at an average annual rate of +3.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-1.4% per year) and Japan (-2.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, waning by -46% against the previous year. Overall, the export price recorded a dramatic slump. The pace of growth was the most pronounced in 2016 when the export price increased by 72%. 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 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 Japan (-18.3%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in Eastern Asia

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 71% to X units, rising for the fifth consecutive year after three years of decline. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 386% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA contracted to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 18% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Hong Kong SAR (X units) and China (X units) represented the largest importers of electrical transformers with liquid dielectric, of power handling capacity under X kVA in 2022, resulting at near 41% and 33% of total imports, respectively. Japan (X units) ranks next in terms of the total imports with an 18% share, followed by Taiwan (Chinese) (6.5%).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +52.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, together comprising 87% of total imports.

In terms of the main importing countries, China, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of imports, 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, with a decrease of -48.3% against the previous year. In general, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 when the import price increased by 116%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($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 (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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