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

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

The Singaporean market for electrical transformers with liquid dielectric, of power handling capacity under X kVA soared to $X in 2022, jumping by 1,104% 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 showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Singapore

For the third consecutive year, Singapore recorded growth in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA, which increased by 53% to X units in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 922% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. In general, exports, however, continue to indicate a noticeable descent. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Singapore, with a 63% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to India exceeded the volume sent to the second major destination, the UK (X units), fivefold. Brazil (X units) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +61.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+100.5% per year) and Brazil (+80.3% per year).

In value terms, India ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Singapore, comprising 26% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by China, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+48.0% per year) and China (+14.0% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, picking up by 31% against the previous year. In general, the export price, however, recorded a dramatic setback. The growth pace was the most rapid in 2014 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 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 Germany ($X per unit), while the average price for exports to India ($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 Germany (-6.0%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Singapore

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 161% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 329%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +152.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Hong Kong SAR (X units) and the United States (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Singapore, together accounting for 59% of total imports. Germany, the UK, Japan, India and Sri Lanka lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +66.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA suppliers to Singapore were China ($X), Hong Kong SAR ($X) and the United States ($X), together comprising 74% of total imports. Germany, the UK, Japan, India and Sri Lanka lagged somewhat behind, together comprising a further 12%.

Among the main suppliers, India, with a CAGR of +22.8%, 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 under X kVA amounted to $X per unit, which is down by -37.2% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 119% 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 remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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