Southern Asia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Southern Asia

The South Asian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted to $X in 2023 estimated in export price. In general, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in Southern Asia

Exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to X units in 2023, picking up by X% on the previous year's figure. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded sharply to $X in 2023. Overall, exports recorded temperate growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

In 2023, India (X units) was the main exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, creating X% of total exports. It was distantly followed by Sri Lanka (X units), committing an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Sri Lanka increased by X percentage points.

In value terms, India ($X) and Sri Lanka ($X) were the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, Sri Lanka, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2022 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 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 Sri Lanka ($X per unit), while India amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in Southern Asia

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to X units in 2023, growing by X% on the year before. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. In general, imports saw pronounced growth. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

The purchases of the one major importers of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, namely India, represented more than two-thirds of total import.

India was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of India increased by X percentage points, while 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA in Southern Asia.

In India, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the import price saw a dramatic decline. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, 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.

Source: IndexBox Platform