Philippines: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in the Philippines

The Philippine market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA fell sharply to $X in 2022, declining by -25.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a significant increase. Over the period under review, the market attained the peak level at $X in 2021, and then dropped sharply in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from the Philippines

For the fourth consecutive year, the Philippines recorded growth in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by 17% to X units in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 524%. The exports peaked at X units in 2013; however, from 2014 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 rose sharply to $X in 2022. In general, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 556% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from the Philippines, together accounting for 55% of total exports. Mexico, the United States, Singapore, Hong Kong SAR and the Netherlands lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +109.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the Czech Republic ($X) and the United States ($X) constituted the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from the Philippines worldwide, with a combined 58% share of total exports. Mexico, Hong Kong SAR, Germany, Singapore and the Netherlands lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Mexico, with a CAGR of +165.2%, 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, dropping by -1.6% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,386%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the Netherlands ($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 Mexico (+25.3%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into the Philippines

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA into the Philippines fell remarkably to X units in 2022, reducing by -25.4% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 657% against the previous year. Imports peaked at X units in 2021, and then fell notably in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped dramatically to $X in 2022. Overall, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 271%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to the Philippines, accounting for a 91% 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, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +62.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.1% per year) and Vietnam (+17.4% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to the Philippines, comprising 58% of total imports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.7% per year) and the United States (-19.4% 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, reducing by -2.7% against the previous year. In general, the import price continues to indicate a dramatic slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China ($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 (-15.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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