Malaysia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Malaysia

In 2022, the Malaysian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by 0% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Malaysia

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced reduction. Over the period under review, production of reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Malaysia

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 5.6% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 60% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 344%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Singapore (X units) and Germany (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Malaysia, with a combined 94% 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 the United States (with a CAGR of +18.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and Germany ($X) were the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Malaysia worldwide, together comprising 62% of total exports.

Among the main countries of destination, the United States, with a CAGR of +6.3%, 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 a decline.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, falling by -42% against the previous year. Overall, the export price saw a noticeable downturn. The growth pace was the most rapid in 2021 an increase of 393% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the United States ($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 Japan (+5.4%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Malaysia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Malaysia reduced to X units, shrinking by -12.1% compared with the year before. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 11,782%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Malaysia, accounting for a 66% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sixfold. The third position in this ranking was held by Singapore (X units), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+47.5% per year) and Singapore (-20.8% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Malaysia, comprising 51% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 9.1% share of total imports. It was followed by Thailand, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+25.7% per year) and Thailand (-18.8% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, picking up by 31% against the previous year. Overall, the import price saw measured growth. The pace of growth appeared the most rapid in 2021 an increase of 18,161%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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