Asia-Pacific: 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-Pacific

The Asia-Pacific market for electrical transformers with liquid dielectric, of power handling capacity under X kVA was estimated at $X in 2023, almost unchanged from the previous year. The total consumption indicated a buoyant expansion 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, 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 remained at a lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X in 2023 estimated in export price. In general, production enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production of reached the maximum level 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-Pacific

In 2023, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

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

Exports by Country

China was the major exporter of electrical transformers with liquid dielectric, of power handling capacity under X kVA in Asia-Pacific, with the volume of exports recording X units, which was near X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X units), making up 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. China (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively.

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

In China, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased 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, remaining constant against the previous year. Overall, the export price, however, saw temperate growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked 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 stood at $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-Pacific

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. Over the period under review, imports showed a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA reduced to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X units) and China (X units) represented roughly X% of total imports in 2023. India (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and Vietnam (X%). Taiwan (Chinese) (X units), Malaysia (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases 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-Pacific were China ($X), Hong Kong SAR ($X) and Thailand ($X), with a combined X% share of total imports. Vietnam, India, Taiwan (Chinese), Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by 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