Hong Kong SAR, China: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Hong Kong SAR, China

The Hong Kong market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, picking up by 1,699% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Hong Kong SAR, China

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA were exported from Hong Kong SAR; increasing by 569% on the previous year. Overall, exports saw significant growth. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 155%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units), the Philippines (X units) and Thailand (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Hong Kong SAR, with a combined 65% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +48.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from Hong Kong SAR, comprising 6.1% of total exports. The second position in the ranking was held by Tanzania ($X), with a 1.9% share of total exports. It was followed by Malaysia, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+16.0% per year) and Malaysia (+23.3% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, waning by -80.4% against the previous year. Over the period under review, the export price recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 663% against the previous year. The export price peaked 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 destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+141,783.4%), while the prices for the other major destinations experienced a decline.

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

Imports into Hong Kong SAR, China

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported into Hong Kong SAR surged to X units, jumping by 1,776% compared with the previous year's figure. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Hong Kong SAR, with a 90% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +26.5%.

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Hong Kong SAR, comprising 84% of total imports. The second position in the ranking was held by Sweden ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.9%.

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, falling by -79.3% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 985%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-13.1%).

Source: IndexBox Platform

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