Latin America and the Caribbean: Electrical Transformer Market 2024

Electrical Transformer Market Size in Latin America and the Caribbean

In 2022, the Latin American electrical transformer market increased by X% to $X, rising for the third consecutive year after seven years of decline. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Electrical Transformer Production in Latin America and the Caribbean

In value terms, electrical transformer production totaled $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Electrical Transformer Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of electrical transformers increased by X% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, electrical transformer exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by the Dominican Republic (X units), making up a X% share of total exports. Brazil (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the electrical transformers exports, with a CAGR of X% from 2012 to 2022. At the same time, the Dominican Republic (X%) displayed positive paces of growth. Brazil experienced a relatively flat trend pattern. From 2012 to 2022, the share of Mexico increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest electrical transformer supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Electrical Transformer Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of electrical transformers increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, electrical transformer imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Mexico (X units) represented the key importer of electrical transformers, generating X% of total imports. It was distantly followed by Brazil (X units), achieving a X% share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported electrical transformers in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at X%.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while Mexico amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Source: IndexBox Platform