Chile: Electrical Transformer Market 2024

Electrical Transformer Market Size in Chile

The Chilean electrical transformer market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption saw moderate growth. Electrical transformer consumption peaked in 2022 and is expected to retain growth in years to come.

Electrical Transformer Production in Chile

In value terms, electrical transformer production reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Electrical transformer production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Electrical Transformer Exports

Exports from Chile

In 2022, after two years of growth, there was significant decline in overseas shipments of electrical transformers, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical transformer exports reduced markedly to $X in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units), Germany (X units) and the United States (X units) were the main destinations of electrical transformer exports from Chile, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformer exported from Chile were Peru ($X), Bolivia ($X) and Germany ($X), together comprising X% of total exports. The United States, Argentina, Brazil and Uruguay lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price recorded noticeable growth. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into Chile

In 2022, overseas purchases of electrical transformers were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical transformer imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Chile, accounting for a X% share of total imports. It was followed by Italy (X units), with a X% share of total imports. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers to Chile, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform