Asia-Pacific: 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-Pacific

In 2023, the Asia-Pacific market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by X% to $X, falling for the second year in a row after five years of growth. The total consumption indicated a notable expansion 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA totaled $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level 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-Pacific

For the fifth consecutive year, Asia-Pacific recorded growth in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which increased by X% to X units in 2023. In general, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reduced to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Thailand prevails in kVA structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by China (X units), constituting a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Thailand stood at X%. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, 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 ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

In China, exports of electrical transformers with non-liquid dielectric, of power handling capacity over 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-Pacific amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand totaled $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-Pacific

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 four years of decline. In general, imports continue to indicate a significant expansion. 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 likely to see gradual growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded notably to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Thailand (X units) represented roughly X% of total imports in 2023.

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. Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while 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-Pacific.

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

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a sharp downturn. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. The level of import peaked 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