U.S.: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in the U.S.

The U.S. market for electrical transformers with liquid dielectric, of power handling capacity under X kVA expanded slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption enjoyed prominent growth. Consumption of peaked in 2022 and is likely to see gradual growth in years to come.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X in 2022. In general, production, however, saw buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from the U.S.

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA were finally on the rise to reach X units after five years of decline. In general, exports saw a relatively flat trend pattern. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from the United States, with a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Mexico exceeded the volume sent to the second major destination, Canada (X units), fourfold. The third position in this ranking was held by Hong Kong SAR (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity under X kVA exported from the United States were Mexico ($X), Canada ($X) and China ($X), together comprising X% of total exports. Malaysia, Hong Kong SAR, Germany, the UK, India, Taiwan (Chinese), South Korea, France and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Taiwan (Chinese), 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 more modest paces of growth.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 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 Canada ($X per unit), while the average price for exports to Hong Kong SAR ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into the U.S.

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Vietnam (X% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA suppliers to the United States were China ($X), Mexico ($X) and India ($X), together accounting for X% of total imports. Vietnam, Taiwan (Chinese), the Philippines and Japan lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, growing by X% against the previous year. In general, import price indicated a mild increase 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. Based on 2022 figures, import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Vietnam ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform