South-Eastern Asia: 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 South-Eastern Asia

The Southeast Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022, increasing by 67% against the previous year. Over the period under review, consumption saw a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in South-Eastern Asia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable curtailment. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which increased by 5.1% to X units in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,976% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA totaled $X in 2022. Overall, exports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2013 with an increase of 44%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Thailand (X units) represented roughly 99% of total exports in 2022.

Thailand was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +86.8% from 2012 to 2022. Thailand (+69 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in South-Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in Thailand was relatively modest.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by 9.1% against the previous year. Overall, the export price, however, recorded a sharp downturn. The pace of growth was the most pronounced in 2019 when the export price increased by 120%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -46.4% per year.

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

Imports in South-Eastern Asia

In 2022, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in South-Eastern Asia surged to X units, growing by 45% against the previous year. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,020%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.6% against 2020 indices. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Thailand dominates kVA structure, resulting at X units, which was approx. 95% of total imports in 2022. Vietnam (X units) held a minor share of total imports.

Thailand was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports, with a CAGR of +109.3% from 2012 to 2022. At the same time, Vietnam (+39.5%) displayed positive paces of growth. Thailand (+89 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by -5.4% from 2012 to 2022, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in South-Eastern Asia, comprising 32% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports.

In Thailand, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased at an average annual rate of +13.4% over the period from 2012-2022.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, picking up by 17% against the previous year. Overall, the import price, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-25.2%).

Source: IndexBox Platform

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