Indonesia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Indonesia

The Indonesian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, increasing by 25% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 53%. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Indonesia

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Indonesia surged to X units, growing by 54% compared with 2021 figures. In general, exports enjoyed a modest expansion. The growth pace was the most rapid in 2015 with an increase of 1,341%. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. 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

The United States (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Indonesia, accounting for a 78% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to the United States exceeded the volume sent to the second major destination, Malaysia (X units), fourfold. The third position in this ranking was taken by Thailand (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+93.3% per year) and Thailand (-19.6% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Indonesia were the United States ($X), Thailand ($X) and Malaysia ($X), with a combined 21% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +84.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 998%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Malaysia ($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 the United States (+76.0%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Indonesia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported into Indonesia skyrocketed to X units, rising by 702% compared with the year before. Over the period under review, imports showed a buoyant increase. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted rapidly to $X in 2022. Overall, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Indonesia, accounting for a 57% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +87.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-3.0% per year) and Malaysia (+174.3% per year).

In value terms, Malaysia ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Indonesia, comprising 30% of total imports. The second position in the ranking was held by Singapore ($X), with a 12% share of total imports. It was followed by China, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.5% per year) and China (-25.1% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, which is down by -91.1% against the previous year. Overall, the import price continues to indicate a precipitous slump. The growth pace was the most rapid in 2021 an increase of 1,160% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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