U.S.: 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 the U.S.

The U.S. market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, rising by 70% against the previous year. In general, consumption enjoyed slight growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in the U.S.

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Over the period under review, production, however, saw a mild reduction. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports from the U.S.

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -4.1% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 71%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined to $X in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (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 the United States, with a 68% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Canada exceeded the volume sent to the second major destination, Mexico (X units), ninefold. China (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.0% per year) and China (+29.7% per year).

In value terms, Canada ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from the United States, comprising 71% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.5% share of total exports. It was followed by China, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.5% per year) and China (+32.1% per year).

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, waning by -3.4% against the previous year. Overall, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 85%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Saudi Arabia ($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 China (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the U.S.

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA were imported into the United States; with an increase of 9.6% on the previous year. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 56% 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 somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier to the United States, with a 56% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.3% per year) and South Korea (+55.3% per year).

In value terms, Mexico ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to the United States, comprising 64% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Canada, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+75.1% per year) and Canada (+15.3% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, growing by 52% against the previous year. Overall, the import price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 106%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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