Philippines: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in the Philippines

In 2022, the Philippine market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -6.8% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a perceptible decrease. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports from the Philippines

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from the Philippines surged to X units in 2022, increasing by 14,250% compared with the year before. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded slightly to $X in 2022. In general, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 530%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from the Philippines, with a 36% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Singapore exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold. China (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+44.2% per year) and China (+42.3% per year).

In value terms, China ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from the Philippines, comprising 48% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Hong Kong SAR, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-10.9% per year) and Hong Kong SAR (+15.8% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, declining by -99.3% against the previous year. Over the period under review, the export price faced a sharp descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 471%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 China ($X per unit), while the average price for exports to Malaysia ($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 Japan (+681.6%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports into the Philippines

In 2022, imports of electrical transformers with liquid dielectric, of power handling capacity from X kva to X kva into the Philippines rose to X units, growing by 2.4% compared with 2021 figures. In general, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 72%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Overall, imports recorded a notable expansion. The growth pace was the most rapid in 2015 when imports increased by 112%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to the Philippines, together comprising 72% of total imports. Singapore, Thailand, Hong Kong SAR, Vietnam, South Korea, Malaysia and India lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and South Korea ($X) appeared to be the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to the Philippines, together accounting for 54% of total imports.

Among the main suppliers, China, with a CAGR of +29.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, picking up by 104% against the previous year. Over the period under review, the import price continues to indicate a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :