Latin America and the Caribbean: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Latin America and the Caribbean

The Latin American market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded significantly to $X in 2023, growing by X% against the previous year. In general, consumption, however, recorded a perceptible setback. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Latin America and the Caribbean

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded significantly to $X in 2023 estimated in export price. In general, production, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2015; however, from 2016 to 2023, production 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 in Latin America and the Caribbean

In 2023, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were exported in Latin America and the Caribbean; approximately reflecting 2022. Over the period under review, exports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2023, 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 soared to $X in 2023. Total exports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

Mexico dominates kVA structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Brazil (X units), generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Mexico stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Mexico (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, jumping by X% against the previous year. In general, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%).

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

Imports in Latin America and the Caribbean

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to X units in 2023, increasing by X% on 2022 figures. Over the period under review, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. Total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the major importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by the Dominican Republic (X units), Chile (X units) and Brazil (X units), together comprising a X% share of total imports. Bolivia (X units), Guyana (X units), Suriname (X units), Panama (X units) and Guatemala (X units) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports into Mexico stood at X%. At the same time, Suriname (X%), Panama (X%), the Dominican Republic (X%), Chile (X%) and Bolivia (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Guatemala (X%), Guyana (X%) and Brazil (X%) illustrated a downward trend over the same period. The Dominican Republic (X p.p.), Chile (X p.p.), Suriname (X p.p.), Panama (X p.p.) and Bolivia (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Mexico saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Dominican Republic (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. In general, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Guatemala ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform