Chile: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2023

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

The Chilean market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, jumping by 289% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed slight growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

Exports from Chile

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -55.2% to X units, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 3,984%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted slightly to $X in 2022. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 341%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Chile, with a 92% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Italy exceeded the volume sent to the second major destination, Bolivia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-26.9% per year) and Peru (-34.0% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from Chile were Italy ($X), Peru ($X) and Bolivia ($X), with a combined 99.9% share of total exports.

Italy, with a CAGR of +77.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, rising by 117% against the previous year. Over the period under review, the export price enjoyed a temperate expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 5,437%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Italy ($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 Bolivia (+69.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Chile

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported into Chile skyrocketed to X units, increasing by 231% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 1,569%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, imports enjoyed a mild increase. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), France (X units) and Brazil (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Chile, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +47.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Chile were Brazil ($X), Italy ($X) and Switzerland ($X), with a combined 59% share of total imports.

Switzerland, with a CAGR of +29.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, growing by 40% against the previous year. In general, the import price continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 987% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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