South-Eastern Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in South-Eastern Asia

In 2023, the Southeast Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in South-Eastern Asia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA rose remarkably to $X in 2023 estimated in export price. Overall, production saw a tangible increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports in South-Eastern Asia

In 2023, exports of electrical transformers with liquid dielectric, of power handling capacity from X kva - X kva in South-Eastern Asia surged to X units, with an increase of X% compared with the year before. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA shrank 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 2013 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2022, and then contracted in the following year.

Exports by Country

Thailand prevails in kVA structure, reaching X units, which was approx. X% of total exports in 2023. Malaysia (X units) took the second position in the ranking, followed by Vietnam (X units). All these countries together held near X% share of total exports. The following exporters - Singapore (X units) and the Philippines (X units) - each accounted for a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Thailand stood at X%. At the same time, the Philippines (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam, Singapore and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X), Thailand ($X) and the Philippines ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 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 the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports in South-Eastern Asia

After three years of growth, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by X% to X units in 2023. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA contracted to $X in 2023. Total imports indicated a noticeable 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, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, the Philippines (X units), Malaysia (X units) and Singapore (X units) was the largest importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in South-Eastern Asia, mixing up X% of total import.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA importing markets in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, growing by X% against the previous year. In general, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Singapore ($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