Southern Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Southern Asia

The South Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted to $X in 2022, which is down by -2.6% against the previous year. In general, consumption, however, recorded a slight decrease. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA dropped remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year. As a result, production attained the peak level of $X, and then declined significantly in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in Southern Asia

After two years of growth, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -8.7% to X units in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 3,536% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021, and then contracted in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +81.2% against 2020 indices. As a result, the exports attained 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 to 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 to X kVA exports, with a CAGR of +41.8% from 2012 to 2022. India (+1.6 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, India ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +5.0%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, rising by 78% against the previous year. Over the period under review, the export price, however, faced a dramatic decrease. The level of export peaked at $X per unit in 2014; however, 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 -25.9% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in Southern Asia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported in Southern Asia surged to X units, increasing by 415% against 2021. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 1,826% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, imports continue to indicate tangible growth. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Bangladesh represented the largest importing country with an import of about X units, which amounted to 53% of total imports. India (X units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Afghanistan (18%). Nepal (X units) and Sri Lanka (X units) took a minor share of total imports.

Bangladesh was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +17.7% from 2012 to 2022. At the same time, Afghanistan (+14.8%), India (+10.3%) and Sri Lanka (+1.4%) displayed positive paces of growth. By contrast, Nepal (-10.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh and Afghanistan increased by +27 and +6.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Southern Asia, comprising 65% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 12% share of total imports. It was followed by Nepal, with a 7.3% share.

In India, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +17.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (-0.6% per year) and Nepal (-3.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, with a decrease of -46.2% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of 1,347% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 India ($X per unit), while Afghanistan ($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 (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :