Overview of the Global Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

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

The global market for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X in 2023, growing by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the global market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded significantly to $X in 2023 estimated in export price. In general, production showed measured growth. The growth pace was the most rapid in 2018 with an increase of X%. Global production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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

Exports

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 continue to indicate a mild slump. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports of attained the peak figure at X units in 2021; however, from 2022 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 fell modestly to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports of hit record highs at $X in 2022, and then reduced modestly in the following year.

Exports by Country

In 2023, China (X units) represented the key exporter of electrical transformers with liquid dielectric, of power handling capacity under X kVA, comprising X% of total exports. It was distantly followed by Hong Kong SAR (X units), comprising a X% share of total exports. Germany (X units) followed a long way behind the leaders.

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. At the same time, Germany (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, 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 global exports from 2012-2023, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price showed measured growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

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 Germany ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

In 2023, overseas purchases 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 relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Global imports peaked 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 contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

Hong Kong SAR (X units) and China (X units) were the main importers of electrical transformers with liquid dielectric, of power handling capacity under X kVA in 2023, finishing at approx. X% and X% of total imports, respectively. India (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%) and Thailand (X%). The United States (X units), Vietnam (X units), Taiwan (Chinese) (X units), Hungary (X units), Brazil (X units), Germany (X units), Malaysia (X units) and Poland (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X), the United States ($X) and China ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of global imports. Hong Kong SAR, Mexico, Thailand, Vietnam, India, Taiwan (Chinese), Malaysia, Poland, Hungary and Brazil lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform