South-Eastern Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in South-Eastern Asia

The Southeast Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, rising by 31% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable shrinkage. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in South-Eastern Asia

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 8.7% to X units, rising for the fifth year in a row after two years of decline. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 40%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Overall, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 60%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, making up 67% of total exports. Indonesia (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (14%). Singapore (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of +81.7% from 2012 to 2022. At the same time, Vietnam (+4.5%) and Indonesia (+1.0%) displayed positive paces of growth. By contrast, Singapore (-25.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +67 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total exports. It was followed by Vietnam, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +16.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-12.4% per year) and Vietnam (-2.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, growing by 29% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by 62% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.9%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in South-Eastern Asia

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reached X units in 2022, rising by 13% against 2021. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 197%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +79.0% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand dominates kVA structure, recording X units, which was near 86% of total imports in 2022. It was distantly followed by Singapore (X units), committing an 8% share of total imports. Indonesia (X units) and Malaysia (X units) held a little share of total imports.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +37.3% from 2012 to 2022. At the same time, Indonesia (+12.7%) and Malaysia (+3.5%) displayed positive paces of growth. By contrast, Singapore (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +71 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in South-Eastern Asia, comprising 48% of total imports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total imports. It was followed by Malaysia, with an 11% share.

In Thailand, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of +21.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (-2.5% per year) and Malaysia (-0.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, rising by 17% against the previous year. Overall, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 70% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 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 Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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