Thailand: 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 Thailand

The Thai market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA shrank significantly to $X in 2022, with a decrease of -40.9% against the previous year. Overall, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced contraction. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Thailand

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Thailand surged to X units in 2022, picking up by 441% against 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 651% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA reduced sharply to $X in 2022. Over the period under review, total exports indicated a pronounced increase 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. The pace of growth appeared the most rapid in 2018 when exports increased by 112%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Thailand, accounting for a 90% share of total exports. It was followed by Lao People's Democratic Republic (X units), with a 2.9% share of total exports. The third position in this ranking was held by Japan (X units), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +1,840.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+49.9% per year) and Japan (+39.7% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from Thailand were Japan ($X), Malaysia ($X) and Lao People's Democratic Republic ($X), with a combined 62% share of total exports. Brunei Darussalam, Cambodia, Australia and France lagged somewhat behind, together accounting for a further 8.1%.

Among the main countries of destination, France, with a CAGR of +457.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, which is down by -86.2% against the previous year. In general, the export price recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 249%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-7.3%), while the prices for the other major destinations experienced a decline.

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

Imports into Thailand

In 2022, after four years of growth, there was significant decline in overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -28.7% to X units. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 2,511%. Imports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA shrank markedly to $X in 2022. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 524% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Denmark (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Thailand, with a 23% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Denmark exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark stood at +181.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+54.8% per year) and Germany (+62.7% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Thailand were China ($X), South Korea ($X) and Denmark ($X), with a combined 62% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +96.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, dropping by -36.3% against the previous year. Overall, the import price showed a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when the average import price decreased by -2%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-19.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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