Southern 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 Southern Asia

In 2022, the South Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -0.8% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a pronounced descent. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA totaled $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 60%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Southern Asia

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by 3.4% to X units, rising for the seventh consecutive year after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,979%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +78.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, namely India, represented more than two-thirds of total export.

India 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 +49.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in India amounted to +2.4%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, picking up by 54% against the previous year. Overall, the export price, however, showed a dramatic curtailment. The growth pace was the most rapid in 2014 an increase of 71%. As a result, the export price attained the peak level of $X per unit. From 2015 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 India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -31.4% per year.

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

Imports in Southern Asia

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -72% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 2,671%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Overall, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 92%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

India dominates kVA structure, resulting at X units, which was approx. 89% of total imports in 2022. It was distantly followed by Nepal (X units), achieving a 6.4% share of total imports. Bangladesh (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports into India stood at +13.4%. At the same time, Nepal (+27.9%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +27.9% from 2012-2022. By contrast, Bangladesh (-2.9%) illustrated a downward trend over the same period. While the share of India (+13 p.p.) and Nepal (+4.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-8.7 p.p.) displayed negative dynamics.

In value terms, Nepal ($X), India ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, together comprising 84% of total imports.

In terms of the main importing countries, Nepal, with a CAGR of +25.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, picking up by 531% against the previous year. Over the period under review, the import price, however, showed a deep downturn. Over the period under review, import prices reached the peak figure 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 Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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