Japan: Electrical Transformer Market 2024

Electrical Transformer Market Size in Japan

In 2022, the Japanese electrical transformer market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a slight reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Electrical Transformer Production in Japan

In value terms, electrical transformer production contracted to $X in 2022 estimated in export price. In general, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Electrical Transformer Exports

Exports from Japan

After three years of growth, shipments abroad of electrical transformers decreased by X% to X units in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, electrical transformer exports reduced modestly to $X in 2022. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units) was the main destination for electrical transformer exports from Japan, accounting for a X% share of total exports. Moreover, electrical transformer exports to South Korea exceeded the volume sent to the second major destination, China (X units), threefold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, Hong Kong SAR ($X), China ($X) and South Korea ($X) constituted the largest markets for electrical transformer exported from Japan worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Vietnam ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Japan

In 2022, supplies from abroad of electrical transformers decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, electrical transformer imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Japan, with a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sixfold. The third position in this ranking was taken by Indonesia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers to Japan, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and South Korea (X% per year).

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average 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 South Korea ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :