Southern Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Southern Asia

In 2023, the South Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA was finally on the rise to reach $X for the first time since 2019, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a mild downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined slightly to $X in 2023 estimated in export price. Overall, production, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in Southern Asia

In 2023, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

India (X units) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

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

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

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in Southern Asia

In 2023, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate buoyant growth. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. In general, imports posted a measured expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum in 2023 and are likely to continue growth in years to come.

Imports by Country

India dominates kVA structure, resulting at X units, which was approx. X% of total imports in 2023. The following importers - Maldives (X units), Sri Lanka (X units) and Nepal (X units) - each amounted to a X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Maldives (X%), Nepal (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. India (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Maldives (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 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 Maldives ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform