Overview of the Global Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

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

The global market for electrical transformers with liquid dielectric, of power handling capacity over X kVA declined to $X in 2022, shrinking by -13% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.1% against 2019 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 6.9% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, global production of growth failed to regain momentum.

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

Exports

In 2022, after two years of growth, there was significant decline in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA, when their volume decreased by -22% to X units. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 3,404%. The global exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA totaled $X in 2022. In general, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2020 when exports increased by 6.9%. The global exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden represented the key exporter of electrical transformers with liquid dielectric, of power handling capacity over X kVA in the world, with the volume of exports amounting to X units, which was near 54% of total exports in 2022. Thailand (X units) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Poland (5.2%). China (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +98.9%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier worldwide, comprising 23% of global exports. The second position in the ranking was held by Thailand ($X), with a 2.5% share of global exports. It was followed by Sweden, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+7.6% per year) and Sweden (-3.5% per year).

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, picking up by 30% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 12,088%. The global export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+35.3%), while the other global leaders experienced a decline in the export price figures.

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

Imports

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -78.6% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,352% against the previous year. Global imports peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose notably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 8.7% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand prevails in kVA structure, resulting at X units, which was approx. 79% of total imports in 2022. The Netherlands (X units) ranks second in terms of the total imports with a 7.7% share, followed by Malaysia (6.3%). The following importers - Chile (X units) and the Philippines (X units) - each amounted to a 4.5% share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA. At the same time, Malaysia (+94.0%), the Philippines (+65.9%), Chile (+54.8%) and the Netherlands (+21.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +94.0% from 2012-2022. While the share of the Netherlands (+6.3 p.p.), Malaysia (+6.3 p.p.), Chile (+2.4 p.p.) and the Philippines (+2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Thailand (-17.5 p.p.) displayed negative dynamics.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA importing markets worldwide were the Philippines ($X), Malaysia ($X) and the Netherlands ($X), with a combined 5.9% share of global imports.

The Philippines, with a CAGR of +28.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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, jumping by 391% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of 439%. Global import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the Philippines ($X per unit), while Thailand ($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 Netherlands (-4.3%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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