South-Eastern Asia: Electrical Transformer Market 2024

Electrical Transformer Market Size in South-Eastern Asia

In 2022, the Southeast Asian electrical transformer market increased by X% to $X.8B, rising for the eighth consecutive year after two years of decline. Overall, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Electrical Transformer Production in South-Eastern Asia

In value terms, electrical transformer production surged to $X.6B in 2022 estimated in export price. In general, production showed a pronounced increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X.8B. From 2021 to 2022, production growth remained at a somewhat lower figure.

Electrical Transformer Exports

Exports in South-Eastern Asia

After five years of growth, overseas shipments of electrical transformers decreased by X% to X units in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then shrank notably in the following year.

In value terms, electrical transformer exports soared to $X in 2022. In general, exports continue to indicate a slight decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the main exporting country with an export of around X units, which reached X% of total exports. Singapore (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Vietnam (X%). Indonesia (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformer supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), together accounting for X% of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of electrical transformers decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined remarkably in the following year.

In value terms, electrical transformer imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X units) and Malaysia (X units) represented the key importers of electrical transformers in South-Eastern Asia, together reaching near X% of total imports. Thailand (X units) held the next position in the ranking, followed by Vietnam (X units) and Indonesia (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformer importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, faced a abrupt downturn. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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