In 2023, China leads the global export of liquid dielectric transformers (≥10,000 KVA) with a 26.23% share, followed by Germany at 10.48% and South Korea at 8.87%. Significant growth was noted from China (3.08%) and Slovenia (4.18%), while Japan and Switzerland faced a drastic decline of -27.66% and -27.93%, respectively. Kazakhstan exhibited remarkable growth at 15.74%, and Belarus saw a strong increase at 77.45%. The UK and Poland also showed substantial gains. The US contributes a modest share with a decline of -2.4%.
Future trends to watch include China's continued dominance and potential increases from emerging exporters like Kazakhstan and Greece. Attention should also be given to recovering markets such as Japan and Switzerland, which could regain their standing. Monitoring technological advancements and trade policies will be crucial for understanding shifts in export dynamics.
Top countries in Export of Liquid Dielectric Transformers Having a Power Handling Capacity of 10,000 KVA and more Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 26.23 | 2023 | +3.21% | +3.08% | View data |
| 2 | 2 Germany | 10.48 | 2023 | +1.31% | +1.54% | View data |
| 3 | 3 South Korea | 8.87 | 2023 | -4.27% | +0.51% | View data |
| 4 | 4 Italy | 6.7 | 2023 | +0.64% | +1.04% | View data |
| 5 | 5 Austria | 6 | 2023 | +0.22% | +1.98% | View data |
| 6 | 6 Mexico | 5.12 | 2023 | -0.53% | -0.91% | View data |
| 7 | 7 Netherlands | 4.87 | 2023 | +3.47% | +2.13% | View data |
| 8 | 8 Croatia | 3.79 | 2023 | -0.26% | +1.55% | View data |
| 9 | 9 India | 3.78 | 2023 | +0.73% | +1.89% | View data |
| 10 | 10 Slovenia | 2.62 | 2023 | +3.75% | +4.18% | View data |
