South-Eastern Asia: 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 South-Eastern Asia

The Southeast Asian market for electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022, growing by 61% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA dropped remarkably to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The growth pace was the most rapid in 2021 when the production volume increased by 82%. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

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

Exports in South-Eastern Asia

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -20.4% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,050% against the previous year. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA rose significantly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 20% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X units) was the largest exporter of electrical transformers with liquid dielectric, of power handling capacity under X kVA, comprising 37% of total exports. It was distantly followed by Singapore (X units), Malaysia (X units) and Vietnam (X units), together generating a 56% share of total exports. Indonesia (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +65.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together accounting for 66% of total exports.

Vietnam, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, growing by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. Over the period under review, the export prices hit record highs 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 ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-9.9%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -23.4% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 439% against the previous year. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +115.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Singapore (X units) and Malaysia (X units) represented roughly 66% of total imports in 2022. Thailand (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (13%) and Indonesia (6.1%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity under X kVA in South-Eastern Asia, comprising 32% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by Singapore, with a 15% share.

In Thailand, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased at an average annual rate of +10.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+4.7% per year) and Singapore (+2.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, with an increase of 54% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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