Japan: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Japan

The Japanese market for electrical transformers with liquid dielectric, of power handling capacity under X kVA plummeted to $X in 2022, waning by -22.8% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +38.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Japan

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA contracted to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of 184%. Production of peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Japan

In 2022, after three years of growth, there was significant decline in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by -44.8% to X units. In general, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 871% against the previous year. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA contracted slightly to $X in 2022. Over the period under review, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), Hong Kong SAR (X units) and South Korea (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Japan, together accounting for 54% of total exports. The United States, Taiwan (Chinese), Thailand and Germany lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +58.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity under X kVA exported from Japan were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 54% share of total exports. The United States, Taiwan (Chinese), Thailand and Germany lagged somewhat behind, together comprising a further 34%.

Germany, with a CAGR of +29.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2022, with an increase of 78% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 135% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Thailand ($X per unit), while the average price for exports to China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-18.3%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Japan

In 2022, after four years of growth, there was significant decline in purchases abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by -39.8% to X units. Over the period under review, imports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 390%. As a result, imports reached the peak of X units, and then contracted significantly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Japan, accounting for a 81% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-0.4% per year) and Thailand (-8.4% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Japan, comprising 81% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 3.5% share of total imports. It was followed by Thailand, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-3.2% per year) and Thailand (-11.0% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, increasing by 88% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of 197% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and the Philippines ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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