Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Asia

The Asian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank modestly to $X in 2023, dropping by X% against the previous year. In general, consumption enjoyed resilient growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose markedly to $X in 2023 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in Asia

For the fifth year in a row, Asia recorded growth in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which increased by X% to X units in 2023. Over the period under review, exports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 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 non-liquid dielectric, of power handling capacity over X kVA shrank to $X in 2023. Total exports indicated mild growth 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Thailand prevails in kVA structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by China (X units), generating a X% share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2023. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. China (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand stood at $X per unit.

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

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in Asia

In 2023, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose markedly to $X in 2023. Over the period under review, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, namely Thailand, represented more than two-thirds of total import.

Thailand was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of X% from 2012 to 2023. While the share of Thailand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Asia.

In Thailand, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Asia stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the import price continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2023, the rate of growth in terms of prices for Thailand amounted to X% per year.

Source: IndexBox Platform