MERCOSUR: Electrical Transformer Market 2022

Electrical Transformer Market Size in MERCOSUR

Over the period under review, consumption recorded a relatively flat trend pattern.

Electrical Transformer Exports

Exports by Country

The biggest shipments were from China (X units), Hong Kong SAR (X units), Malaysia (X units), Thailand (X units), South Korea (X units), Vietnam (X units), India (X units), Japan (X units), the Netherlands (X units), Italy (X units), Germany (X units) and Mexico (X units), together reaching 75% of total export. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +79.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformer supplier from X, comprising 24% of global exports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of global exports. It was followed by Mexico, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +2.9%. In the other countries, the average annual rates were as follows: Germany (-3.0% per year) and Mexico (-1.4% per year).

Export Prices by Country

In 2021, the export price in X amounted to less than $X per thousand units, flattening at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was China ($X per thousand units), while Malaysia ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-15.0%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports by Country

In 2021, Hungary (X units), followed by Japan (X units), Malaysia (X units), Thailand (X units), the Netherlands (X units), India (X units), Germany (X units) and Italy (X units) represented the key importers of electrical transformers, together achieving 61% of total imports. The following importers - Vietnam (X units), Taiwan (Chinese) (X units), Singapore (X units), Hong Kong SAR (X units) and China (X units) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +65.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hong Kong SAR ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 16% of total imports. Japan, Thailand, Malaysia, Vietnam, India, Italy, the Netherlands, Hungary, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.

Thailand, with a CAGR of +8.4%, 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 2021, the import price in X amounted to less than $X per thousand units, flattening at the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per thousand units), while Hungary ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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