South-Eastern Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in South-Eastern Asia

In 2022, the Southeast Asian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -4% to $X for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, consumption, however, enjoyed tangible growth. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced slightly in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 1.9% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports in South-Eastern Asia

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by 18% to X units, rising for the third consecutive year after five years of decline. In general, exports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 10,343%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of electrical transformers with liquid dielectric, of power handling capacity over X kVA in South-Eastern Asia, achieving 100% of total export.

Thailand was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of -20.5% from 2012 to 2022. From 2012 to 2022, the share of Thailand increased by +41 percentage points, 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 over X kVA supplier in South-Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +7.6%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by 20% against the previous year. In general, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 22,666%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 +35.3% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports in South-Eastern Asia

In 2022, after four years of growth, there was significant decline in purchases abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -76% to X units. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 2,406%. Over the period under review, imports of attained the maximum at X units in 2021, and then shrank markedly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded markedly to $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Thailand prevails in kVA structure, recording X units, which was approx. 90% of total imports in 2022. It was distantly followed by Malaysia (X units), generating a 7.1% share of total imports. The Philippines (X units) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA. At the same time, Malaysia (+94.0%) and the Philippines (+65.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +94.0% from 2012-2022. Malaysia (+7.1 p.p.) and the Philippines (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by -9.5% from 2012 to 2022, respectively.

In value terms, the Philippines ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising 42% of total imports.

The Philippines, with a CAGR of +28.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, jumping by 371% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by 712% against the previous year. 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 the Philippines ($X per unit), while Thailand ($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 (-15.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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