Venezuela: 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 Venezuela

In 2022, the Venezuelan market for electrical transformers with liquid dielectric, of power handling capacity under X kVA was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, recorded a significant decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

Exports from Venezuela

Exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Venezuela shrank markedly to X units in 2022, which is down by X% compared with the year before. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Venezuela, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest.

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

From 2012 to 2022, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, showed a perceptible reduction. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to X% per year.

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

Imports into Venezuela

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA was finally on the rise to reach X units after four years of decline. Overall, imports, however, continue to indicate a precipitous decrease. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA rose notably to $X in 2022. In general, imports, however, saw a dramatic contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier to Venezuela, 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, Colombia (X units), more than tenfold.

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

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

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

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, which is down by X% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform