Asia-Pacific: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

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

The Asia-Pacific market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

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

Exports in Asia-Pacific

In 2023, after five years of growth, there was significant decline in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by X% to X units. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2023, the growth of the exports of remained at a somewhat 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 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

Exports by Country

In 2023, China (X units) represented the key exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, making up X% of total exports. Singapore (X units) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%).

China was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of X% from 2012 to 2023. Singapore (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

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 X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends 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 Asia-Pacific

In 2023, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then fell slightly 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 rose remarkably to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Thailand was the largest importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Asia-Pacific, with the volume of imports recording X units, which was near X% of total imports in 2023. Malaysia (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and Singapore (X%). The following importers - China (X units) and the Philippines (X units) - each resulted at an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports into Thailand stood at X%. At the same time, India (X%), Malaysia (X%), the Philippines (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), India (X p.p.), China (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, China ($X), India ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform