Venezuela: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Venezuela

After three years of decline, the Venezuelan market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to $X in 2022. Overall, consumption, however, faced a sharp slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

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

Exports from Venezuela

In 2021, exports of electrical transformers with liquid dielectric, of power handling capacity from X kva to X kva from Venezuela was estimated at X units, standing approx. at the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The smallest decline of X% was in 2017. Over the period under review, the exports of reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted dramatically to $X in 2021. Overall, exports saw a dramatic descent. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (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 Venezuela, accounting for a approx. X% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from Venezuela.

From 2013 to 2021, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2021, with a decrease of X% against the previous year. Over the period under review, the export price faced a sharp shrinkage. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2013 to 2021, the rate of growth in terms of prices for the United States amounted to X% per year.

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

Imports into Venezuela

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a drastic downturn. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports 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, imports, however, continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Venezuela, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Venezuela, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Switzerland (X% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform