Thailand: 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 Thailand

In 2022, the Thai market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -49.9% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, posted tangible growth. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

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

Exports from Thailand

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by 4.1% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 391%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank notably to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 30%. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units), Cambodia (X units) and Bangladesh (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Thailand, together accounting for 66% of total exports. India, Lao People's Democratic Republic, Germany, the United States, Australia, Indonesia, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +133.6%), while the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Thailand, comprising 26% of total exports. The second position in the ranking was held by Cambodia ($X), with a 12% share of total exports. It was followed by Myanmar, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic totaled -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+8.4% per year) and Myanmar (+81.5% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, reducing by -34.8% against the previous year. Overall, the export price showed a sharp reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 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 Lao People's Democratic Republic ($X per unit), while the average price for exports to Hong Kong SAR ($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 the United States (+5.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Thailand

In 2022, after four years of growth, there was significant decline in purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -57.3% to X units. Overall, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 142% against the previous year. As a result, imports attained the peak of X units, and then dropped significantly 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 soared to $X in 2022. In general, imports, however, posted temperate growth. The pace of growth was the most pronounced in 2020 when imports increased by 77%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Thailand, accounting for a 47% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Finland (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.8% per year) and Finland (+53.3% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Thailand were China ($X), Finland ($X) and the United States ($X), with a combined 61% share of total imports. Vietnam, Japan, Taiwan (Chinese) and Germany lagged somewhat behind, together accounting for a further 18%.

Vietnam, with a CAGR of +153.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, growing by 192% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :