Singapore: 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 Singapore

The Singaporean market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022, growing by 251% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022 estimated in export price. In general, production recorded mild growth. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports from Singapore

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kva from Singapore surged to X units, increasing by 100% on the year before. Over the period under review, exports, however, faced a deep setback. The growth pace was the most rapid in 2020 when exports increased by 472%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, exports, however, saw a abrupt decline. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Singapore, accounting for a 75% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), tenfold. The third position in this ranking was held by Maldives (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-24.9% per year) and Maldives (+27.1% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Singapore were Malaysia ($X), Indonesia ($X) and Bahrain ($X), together comprising 67% of total exports.

Bahrain, with a CAGR of +39.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, shrinking by -10.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 395%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Indonesia ($X per unit), while the average price for exports to the Philippines ($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 Indonesia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Singapore

Imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA into Singapore soared to X units in 2022, growing by 398% against the year before. Overall, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2020 when imports increased by 18,169%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt decrease. Over the period under review, imports of attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Singapore, with a 76% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X units), fivefold. The third position in this ranking was held by South Korea (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+23.6% per year) and South Korea (+5.8% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Singapore were South Korea ($X), China ($X) and Indonesia ($X), with a combined 72% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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, dropping by -41% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 18,124% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+33.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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