Cuba: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2023

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Cuba

The Cuban market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022, growing by 47% against the previous year. In general, consumption, however, showed a perceptible contraction. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in Cuba

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022 estimated in export price. In general, production, however, showed a noticeable decline. Production of peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Cuba

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Cuba soared to X units, increasing by 700% compared with 2021. In general, exports, however, saw a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 1,500% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Overall, exports, however, recorded a sharp reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Senegal stood at -22.6%.

In value terms, Senegal ($X) also remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Cuba.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal totaled -30.6%.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, which is down by -83.6% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 797% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to -10.3% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Cuba

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -10.9% to X units, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 4,625% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 171% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X units), India (X units) and Russia (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Cuba, together accounting for 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +11.6%), while purchases 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 - X kVA suppliers to Cuba were India ($X), China ($X) and Russia ($X), together comprising 59% of total imports.

India, with a CAGR of +108.3%, saw 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 - X kVA stood at $X per unit in 2022, picking up by 173% against the previous year. Overall, the import price recorded a prominent expansion. The growth pace was the most rapid in 2021 an increase of 2,365%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+85.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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