Latin America and the Caribbean: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Latin America and the Caribbean

The Latin American market for electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded remarkably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a dramatic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Latin America and the Caribbean

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA expanded sharply to $X in 2022 estimated in export price. In general, production, however, showed a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports in Latin America and the Caribbean

After four years of growth, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by X% to X units in 2022. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted remarkably to $X in 2022. Overall, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mexico (X units) was the key exporter of electrical transformers with liquid dielectric, of power handling capacity over X kVA, constituting X% of total exports. It was distantly followed by Brazil (X units) and Colombia (X units), together achieving a X% share of total exports. Argentina (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Mexico stood at X%. Colombia (X%), Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, growing by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood 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 ($X,425 per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports in Latin America and the Caribbean

In 2022, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA was finally on the rise to reach X units after two years of decline. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 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 over X kVA reached $X in 2022. In general, imports, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Chile prevails in kVA structure, resulting at X units, which was approx. X% of total imports in 2022. Barbados (X units), Paraguay (X units), El Salvador (X units), Peru (X units) and Colombia (X units) followed a long way behind the leaders.

Imports into Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, El Salvador (X%), Barbados (X%), Paraguay (X%) and Colombia (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. While the share of Chile (X p.p.), Barbados (X p.p.) and El Salvador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA importing markets in Latin America and the Caribbean were Colombia ($X), Chile ($X) and Paraguay ($X), with a combined X% share of total imports. Peru, El Salvador and Barbados lagged somewhat behind, together accounting for a further X%.

El Salvador, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per unit), while Barbados ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform