Singapore: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Singapore

The Singaporean market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022, rising by 52% 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 posted a significant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Singapore

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from Singapore surged to X units, growing by 21% against the year before. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 3,142%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Singapore, accounting for a 55% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Indonesia exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was taken by China (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.7% per year) and China (-6.2% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from Singapore were Malaysia ($X), Indonesia ($X) and the United States ($X), with a combined 61% share of total exports. China, Japan, the Philippines, Thailand and Hong Kong SAR lagged somewhat behind, together comprising a further 20%.

Among the main countries of destination, Japan, with a CAGR of +17.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, rising by 51% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,736%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Japan ($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 Philippines (+75.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Singapore

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were imported into Singapore; growing by 51% on 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 5,392%. 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 liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 232% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier to Singapore, accounting for a 63% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. China (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +57.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+31.7% per year) and China (+13.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Singapore, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled +41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.1% per year) and China (-4.3% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, increasing by 72% against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 2,354% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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