South-Eastern Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in South-Eastern Asia

In 2022, after two years of growth, there was decline in the Southeast Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when its value decreased by -2.2% to $X. Overall, consumption saw a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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 surged to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 157%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in South-Eastern Asia

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in South-Eastern Asia shrank to X units, falling by -4.6% against the previous year. In general, exports, however, recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by 405% against the previous year. As a result, the exports attained the peak of X units, and then shrank modestly in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 33%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the largest exporting country with an export of about X units, which amounted to 88% of total exports. It was distantly followed by Indonesia (X units), constituting an 11% share of total exports.

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 +17.8% from 2012 to 2022. At the same time, Indonesia (+17.0%) displayed positive paces of growth. Thailand (+7.9 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 ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in South-Eastern Asia, comprising 16% of total exports. The second position in the ranking was held by Indonesia ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at -6.9%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, surging by 4.2% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 when the export price increased by 106%. The level of export peaked at $X per unit in 2017; however, from 2018 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 Thailand ($X per unit), while Indonesia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-15.0%).

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in South-Eastern Asia

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported in South-Eastern Asia; waning by -45.7% compared with 2021 figures. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 207% against the previous year. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X in 2022. Over the period under review, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 53%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Thailand represented the major importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in South-Eastern Asia, with the volume of imports finishing at X units, which was near 46% of total imports in 2022. It was distantly followed by Vietnam (X units), Singapore (X units), Cambodia (X units) and the Philippines (X units), together achieving a 49% share of total imports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and the Philippines ($X), with a combined 52% share of total imports. Vietnam, Indonesia and Cambodia lagged somewhat behind, together comprising a further 27%.

Cambodia, with a CAGR of +12.1%, recorded the highest growth rate of the value of imports, among 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

The import price in South-Eastern Asia stood at $X per unit in 2022, increasing by 86% against the previous year. Overall, the import price, however, saw a abrupt contraction. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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