Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Asia

The Asian market for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X in 2023, approximately reflecting the previous year. Over the period under review, consumption posted a prominent increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Asia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA rose notably to $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in Asia

In 2023, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA dropped to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

China represented the main exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Hong Kong SAR (X units), constituting a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In China, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, standing approx. at the previous year. In general, the export price continues to indicate pronounced growth. The growth pace was the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per unit), while Hong Kong SAR totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in Asia

In 2023, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports showed a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports of attained the peak figure at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, Hong Kong SAR (X units) and China (X units) represented the largest importers of electrical transformers with liquid dielectric, of power handling capacity under X kVA in Asia, together resulting at approx. X% of total imports. It was distantly followed by India (X units), Thailand (X units) and Vietnam (X units), together constituting a X% share of total imports. The following importers - Taiwan (Chinese) (X units), Malaysia (X units) and Singapore (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA importing markets in Asia were China ($X), Hong Kong SAR ($X) and Thailand ($X), together comprising X% of total imports. Vietnam, India, Taiwan (Chinese), Malaysia and Singapore lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 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 Vietnam ($X per unit), while India ($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 more modest paces of growth.

Source: IndexBox Platform