Overview of the Global Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

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

The global market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined slightly to $X in 2023, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 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 value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, global production of reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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

Exports

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported worldwide reached X units, with an increase of X% compared with the year before. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The global exports peaked at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded rapidly to $X in 2023. In general, total exports indicated measured growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in kVA structure, accounting for X units, which was near X% of total exports in 2023. Hong Kong SAR (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%). The following exporters - Spain (X units), Hungary (X units) and Malaysia (X units) - each recorded a X% share of total exports.

China 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 exports, with a CAGR of X% from 2012 to 2023. At the same time, Spain (X%), Hungary (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Thailand (X p.p.) and Spain (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, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries worldwide were China ($X), Malaysia ($X) and Thailand ($X), together comprising X% of global exports.

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

Export Prices by Country

In 2023, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The global export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a 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 Malaysia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

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

Imports

In 2023, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported worldwide; jumping by X% on the previous year. In general, imports posted a tangible increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Global imports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Thailand (X units) and Malaysia (X units) represented roughly X% of total imports in 2023. India (X units) ranks next in terms of the total imports with a X% share, followed by China (X%) and the United States (X%). The following importers - Brazil (X units), Hong Kong SAR (X units), Denmark (X units), Hungary (X units), Singapore (X units) and Spain (X units) - together made up X% of total imports.

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

In value terms, the United States ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA worldwide, comprising X% of global imports. The second position in the ranking was taken by China ($X), with a X% share of global imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Global import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform