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

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

In 2022, the East Asian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -4.4% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption posted a perceptible increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA declined sharply to $X in 2022 estimated in export price. Over the period under review, production saw temperate growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 96% against the previous year. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in Eastern Asia

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 5.4% to X units, rising for the third consecutive year after four years of decline. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 498%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Eastern Asia, with the volume of exports finishing at X units, which was approx. 82% of total exports in 2022. It was distantly followed by Japan (X units), comprising a 16% share of total exports. South Korea (X units) held a little share of total exports.

China was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of +54.4% from 2012 to 2022. At the same time, Japan (+38.1%) and South Korea (+4.8%) displayed positive paces of growth. While the share of China (+49 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-3.3 p.p.) and South Korea (-39.2 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by South Korea ($X), with a 13% share of total exports.

In China, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased at an average annual rate of +9.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-6.2% per year) and Japan (-2.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with an increase of 51% against the previous year. Over the period under review, the export price, however, showed a dramatic descent. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-10.5%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in Eastern Asia

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -95.3% to X units, falling for the second year in a row after three years of growth. Overall, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 3,353%. As a result, imports reached 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 non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) represented the key importer of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Eastern Asia, with the volume of imports amounting to X units, which was near 48% of total imports in 2022. China (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (14%), Japan (11%) and Hong Kong SAR (10%).

Taiwan (Chinese) was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of +25.8% from 2012 to 2022. At the same time, Japan (+4.0%) displayed positive paces of growth. By contrast, Hong Kong SAR (-3.1%), China (-9.5%) and South Korea (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese) and Japan increased by +44 and +5.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Japan ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for 80% of total imports.

Hong Kong SAR, with a CAGR of +7.1%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by 2,875% against the previous year. In general, the import price, however, showed a abrupt contraction. The level of import peaked at $X per unit in 2012; however, from 2013 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 Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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