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 Eastern Asia

The East Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reduced to $X in 2023, with a decrease of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production of growth failed to regain momentum.

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

Exports in Eastern Asia

In 2023, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to X units, rising for the sixth consecutive year after three years of decline. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2023. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, China (X units) was the major exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Eastern Asia, generating X% of total export.

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

In value terms, China ($X) also remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in Eastern Asia.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 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.

As there is only one major export destination, the average price level is determined by prices for China.

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

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

Imports in Eastern Asia

In 2023, imports of electrical transformers with liquid dielectric, of power handling capacity from X kva - X kva in Eastern Asia surged to X units, rising by X% against the previous year's figure. Overall, imports enjoyed a resilient expansion. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2023. In general, imports, however, showed a pronounced descent. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR was the largest importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in Eastern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2023. It was distantly followed by China (X units), creating an X% share of total imports. Japan (X units), South Korea (X units) and Taiwan (Chinese) (X units) took a minor share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Korea (X p.p.), China (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, 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 Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform