Eastern Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Eastern Asia

The East Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA was finally on the rise to reach $X in 2022, after nine years of decline. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in Eastern Asia

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -33.2% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 514% against the previous year. As a result, the exports attained the peak of X units, and then fell notably in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reached $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X units), distantly followed by China (X units), Taiwan (Chinese) (X units), Japan (X units) and Hong Kong SAR (X units) were the main exporters of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, together committing 99.9% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +25.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Japan ($X), with a 12% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +1.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-3.8% per year) and South Korea (-1.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, surging by 68% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 80% 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 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 ($X per unit), while Taiwan (Chinese) ($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) (-7.6%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in Eastern Asia

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported in Eastern Asia; reducing by -30.7% on the previous year. In general, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 387%. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Japan was the largest importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Eastern Asia, with the volume of imports recording X units, which was approx. 55% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), South Korea (X units), Taiwan (Chinese) (X units) and China (X units), together mixing up a 45% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports into Japan stood at +16.0%. At the same time, China (+24.1%), Taiwan (Chinese) (+16.5%) and Hong Kong SAR (+4.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +24.1% from 2012-2022. By contrast, South Korea (-5.4%) illustrated a downward trend over the same period. While the share of Japan (+27 p.p.), China (+3.7 p.p.) and Taiwan (Chinese) (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-11.8 p.p.) and South Korea (-21.9 p.p.) displayed negative dynamics.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, with a combined 87% share of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +14.9%, recorded the highest growth rate of 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, jumping by 46% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 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 China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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