Overview of the Global Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

The global market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, increasing by 33% against the previous year. Over the period under review, consumption continues to indicate slight growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market failed to regain momentum.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a mild decrease. Over the period under review, global production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were exported worldwide; with an increase of 13% against the previous year. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 637% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the global exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of around X units, which finished at 49% of total exports. It was distantly followed by Thailand (X units), Germany (X units) and the Czech Republic (X units), together comprising a 23% share of total exports. Poland (X units), the UK (X units), Spain (X units), Indonesia (X units), Hungary (X units), the Netherlands (X units), Vietnam (X units) and Romania (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from China stood at +6.4%. At the same time, Thailand (+81.7%), Spain (+57.5%), Romania (+48.9%), Hungary (+46.0%), Poland (+34.9%), the UK (+21.5%), the Czech Republic (+18.9%), the Netherlands (+17.4%), Vietnam (+4.5%), Germany (+3.5%) and Indonesia (+1.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +81.7% from 2012-2022. From 2012 to 2022, the share of Thailand, the Czech Republic, Poland, Spain, the UK, Hungary and Romania increased by +8.9, +4.3, +3.7, +2.6, +2.1, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier worldwide, comprising 29% of global exports. The second position in the ranking was held by Germany ($X), with a 9% share of global exports. It was followed by the Czech Republic, with a 4% share.

In China, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-3.1% per year) and the Czech Republic (+0.6% 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, with an increase of 10% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2021 when the average export price increased by 445%. The global export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the other global leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports

Global imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to X units in 2022, picking up by 5.8% against the year before. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 189% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X units) and China (X units) were the major importers of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in 2022, amounting to near 21% and 18% of total imports, respectively. Japan (X units) held the next position in the ranking, followed by Germany (X units), Mexico (X units), the United States (X units) and the UK (X units). All these countries together took approx. 35% share of total imports. Sweden (X units), Brazil (X units), Denmark (X units) and Singapore (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +43.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA worldwide, comprising 21% of global imports. The second position in the ranking was held by China ($X), with a 7.9% share of global imports. It was followed by Germany, with a 7.7% share.

In the United States, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+3.8% per year) and Germany (+0.8% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, growing by 28% against the previous year. Overall, the import price, however, showed a deep downturn. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+18.9%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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