Japan: 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 Japan

The Japanese market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, picking up by 47% against the previous year. Over the period under review, consumption recorded a resilient expansion. 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 Japan

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. In general, production, however, showed a slight downturn. Production of peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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

Exports from Japan

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -16.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2013 when exports increased by 129%. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 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 fell sharply to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

China (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 Japan, with a 11% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to China exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was taken by Singapore (X units), with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.3% per year) and Singapore (-7.2% per year).

In value terms, China ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Japan worldwide, together comprising 55% of total exports. Singapore, India, Canada, Hong Kong SAR and New Zealand lagged somewhat behind, together comprising a further 12%.

In terms of the main countries of destination, New Zealand, with a CAGR of +20.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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 perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 601%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to New Zealand ($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 Netherlands (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Japan

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva into Japan soared to X units, with an increase of 38% against 2021 figures. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 1,013% against the previous year. As a result, imports attained 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 from X kVA to X kVA surged to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 58%. Imports peaked in 2022 and are likely to continue growth in years to come.

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 Japan, accounting for a 49% 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, Malaysia (X units), threefold. Israel (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.6% per year) and Israel (+102.7% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Japan, comprising 49% of total imports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total imports. It was followed by Israel, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+9.3% per year) and Israel (+79.4% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, dropping by -8% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 179%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Indonesia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Thailand ($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 (-11.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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