Vietnam: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Vietnam

The Vietnamese market for electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted slightly to $X in 2022, with a decrease of -2.4% against the previous year. Over the period under review, consumption showed a noticeable decline. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Vietnam

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from Vietnam

Exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Vietnam reduced to X units in 2022, with a decrease of -5.9% on the year before. Overall, exports, however, recorded resilient growth. The growth pace was the most rapid in 2017 with an increase of 236% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined to $X in 2022. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 47% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Taiwan (Chinese) (X units) and New Zealand (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Vietnam, together accounting for 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +39.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), New Zealand ($X) and Malaysia ($X) were the largest markets for electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from Vietnam worldwide, with a combined 65% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +16.6%, recorded the highest rates of growth with regard to 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 over X kVA amounted to $X per unit, reducing by -3.3% against the previous year. Overall, the export price showed a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 60%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and New Zealand ($X per unit), while the average price for exports to Malaysia ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-14.0%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into Vietnam

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were imported into Vietnam; reducing by -14.2% compared with 2021. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 108% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA reduced slightly to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 137% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Vietnam, with a 74% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), eightfold. The third position in this ranking was held by Thailand (X units), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.0% per year) and Thailand (+59.3% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Vietnam, comprising 75% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.1% share of total imports. It was followed by Thailand, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.3% per year) and Thailand (+48.9% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, surging by 16% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 77%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per unit) and Thailand ($X per unit), while the price for South Korea ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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