Overview of the Global Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

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

The global market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose remarkably to $X in 2022, surging by 5.7% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 -7.1% against 2020 indices. Over the period under review, the global market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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 saw a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 150% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, global production of growth remained at a lower figure.

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

Exports

After two years of growth, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -32.8% to X units in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 378%. As a result, the exports attained the peak of X units, and then dropped notably in the following year.

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, however, continue to indicate mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Italy (X units), followed by South Korea (X units), China (X units), Saudi Arabia (X units), Taiwan (Chinese) (X units) and Japan (X units) were the key exporters of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, together comprising 59% of total exports. The following exporters - Slovakia (X units), Lithuania (X units), Spain (X units), Hong Kong SAR (X units), Mexico (X units), Thailand (X units) and South Africa (X units) - together made up 18% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Slovakia (with a CAGR of +64.9%), while the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier worldwide, comprising 31% of global exports. The second position in the ranking was held by China ($X), with a 7.3% share of global exports. It was followed by Italy, with a 5.5% share.

In Mexico, 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 +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+1.2% per year) and Italy (-0.8% 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, picking up by 84% against the previous year. Overall, the export price, however, showed a deep reduction. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Mexico ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.5%), 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 16 kVA to 500 kVA

Imports

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported worldwide contracted significantly to X units, dropping by -39.9% on 2021 figures. Overall, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 220%. As a result, imports reached the peak of X units, and then fell markedly 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 surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Global imports peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Thailand (X units), Japan (X units), France (X units), Saudi Arabia (X units), Vietnam (X units), Burkina Faso (X units), Nigeria (X units), Hong Kong SAR (X units), Ghana (X units), Fiji (X units), Ethiopia (X units) and the United States (X units) was the key importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in the world, creating 55% of total import. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Burkina Faso (with a CAGR of +51.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA worldwide, comprising 36% of global imports. The second position in the ranking was taken by France ($X), with a 3.3% share of global imports. It was followed by Japan, with a 2.5% 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 +5.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+5.3% per year) and Japan (+3.6% 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, rising by 95% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 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 United States ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :