Thailand: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Thailand

The Thai market for electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2022, jumping by 19% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA totaled $X in 2022 estimated in export price. In general, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 60%. Production of peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Thailand

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 15% to X units, rising for the fifth consecutive year after five years of decline. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,144%. The exports peaked 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 under X kVA rose remarkably to $X in 2022. In general, exports, however, saw a mild reduction. The growth pace was the most rapid in 2021 when exports increased by 21%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Thailand, with a 42% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Hong Kong SAR exceeded the volume sent to the second major destination, Japan (X units), twofold. Vietnam (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+27.7% per year) and Vietnam (+68.8% per year).

In value terms, Japan ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Thailand, comprising 33% of total exports. The second position in the ranking was taken by Denmark ($X), with a 9.5% share of total exports. It was followed by Hong Kong SAR, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+0.3% per year) and Hong Kong SAR (-7.0% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, shrinking by -4.7% against the previous year. In general, the export price recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 45% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Hong Kong SAR (less than $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 Singapore (-18.2%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Thailand

In 2022, after four years of growth, there was significant decline in supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by -64.2% to X units. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 516%. As a result, imports reached the peak of X units, and then reduced sharply in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by 60%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier to Thailand, accounting for a 70% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. South Korea (X units) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.0% per year) and South Korea (+20.5% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Thailand, comprising 63% of total imports. The second position in the ranking was taken by Japan ($X), with a 4.9% share of total imports. It was followed by Myanmar, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.6% per year) and Myanmar (+90.0% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, surging by 225% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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