Uruguay: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2023

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Uruguay

The Uruguayan market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped notably to $X in 2022, reducing by -60.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a sharp shrinkage. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Uruguay

Exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Uruguay shrank remarkably to X units in 2022, waning by -40% compared with 2021 figures. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 500%. Over the period under review, the exports of hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 705%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Uruguay, accounting for a 67% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Spain exceeded the volume sent to the second major destination, Argentina (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-2.2% per year) and Brazil (-24.0% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Uruguay were Argentina ($X), Brazil ($X) and Spain ($X).

Among the main countries of destination, Brazil, with a CAGR of +16.4%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, surging by 62% against the previous year. Overall, the export price recorded a slight expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 403% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Spain ($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 Germany (+220.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Uruguay

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA into Uruguay dropped significantly to X units in 2022, declining by -58.4% compared with the year before. Overall, imports showed a sharp downturn. The growth pace was the most rapid in 2018 when imports increased by 625% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped significantly to $X in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 753%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Hong Kong SAR (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Uruguay, accounting for a 67% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Switzerland (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hong Kong SAR stood at +45.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+1.8% per year) and Italy (+4.1% per year).

In value terms, India ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Uruguay, comprising 51% of total imports. The second position in the ranking was held by Chile ($X), with a 14% share of total imports. It was followed by Switzerland, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+152.9% per year) and Switzerland (+20.1% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the import price, however, saw significant growth. The pace of growth appeared the most rapid in 2017 an increase of 399% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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