Electrical Transformer Prices in the United States

U.S. Electrical Transformer Import Price in June 2022

In June 2022, the electrical transformer price amounted to $23 per unit (CIF, US), jumping by 39% against the previous month. Over the last five-month period, it increased at an average monthly rate of +7.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Mexico ($1.5K per unit), while the price for Vietnam ($8.4 per unit) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by India (+131.3%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Electrical Transformer Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was electrical transformers with liquid dielectric, of power handling capacity over 10000 kva ($504K per unit), while the price for electrical transformers with liquid dielectric, of power handling capacity under 1 kva ($3.2 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by electrical transformers with non-liquid dielectric, of power handling capacity from 16 kva to 500 kva (+13.0%), while the prices for the other products experienced more modest paces of growth.

U.S. Electrical Transformer Imports

In August 2022, electrical transformer imports into the United States rose slightly to 17M units, picking up by 2.9% against the month before. The total import volume increased at an average monthly rate of +2.9% over the period from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in May 2022 when imports increased by 24% against the previous month. As a result, imports reached the peak of 19M units. From June 2022 to August 2022, the growth of imports remained at a lower figure.

In value terms, electrical transformer imports reduced to $332M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +5.6% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in February 2022 with an increase of 17% month-to-month. Imports peaked at 354M units in July 2022, and then declined in the following month.

U.S. Electrical Transformer Imports by Type

In August 2022, electrical transformers with liquid dielectric, of power handling capacity under 1 kva (17M units) was the main type of electrical transformer supplied to the United States, with a 96% share of total imports. Moreover, electrical transformers with liquid dielectric, of power handling capacity under 1 kva exceeded the figures recorded for the second-largest type, electrical transformers with non-liquid dielectric, of power handling capacity from 1 kva to 16 kva (557K units), more than tenfold. The third position in this ranking was held by electrical transformers with non-liquid dielectric, of power handling capacity from 16 kva to 500 kva (54K units), with a 0.3% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of electrical transformers with liquid dielectric, of power handling capacity under 1 kva amounted to +3.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: electrical transformers with non-liquid dielectric, of power handling capacity from 1 kva to 16 kva (+2.6% per month) and electrical transformers with non-liquid dielectric, of power handling capacity from 16 kva to 500 kva (-4.6% per month).

In value terms, electrical transformers with liquid dielectric, of power handling capacity over 10000 kva ($79M), electrical transformers with liquid dielectric, of power handling capacity from 650 kva to 10000 kva ($58M) and electrical transformers with liquid dielectric, of power handling capacity from 1 kva - 650 kva ($54M) were the most imported types of electrical transformers in the United States, together comprising 58% of total imports. These products were followed by electrical transformers with liquid dielectric, of power handling capacity under 1 kva, electrical transformers with non-liquid dielectric, of power handling capacity from 16 kva to 500 kva, electrical transformers with non-liquid dielectric, of power handling capacity over 500 kva and electrical transformers with non-liquid dielectric, of power handling capacity from 1 kva to 16 kva, which together accounted for a further 42%.

U.S. Electrical Transformer Imports by Country

Mexico (21K units), China (13K units) and Vietnam (12K units) were the main suppliers of electrical transformer imports to the United States, together accounting for 0.3% of total imports. India, Italy and South Korea lagged somewhat behind, together comprising a further less than 0.1%.

From January 2022 to June 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of -19.3%), while imports for the other leaders experienced a decline.

In value terms, Mexico ($31M) constituted the largest supplier of electrical transformer to the United States, comprising 9.5% of total imports. The second position in the ranking was held by India ($3.4M), with a 1% share of total imports. It was followed by Italy, with a 0.3% share.

From January 2022 to June 2022, the average monthly growth rate of value from Mexico totaled -21.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-11.2% per month) and Italy (-13.4% per month).

Source: IndexBox Market Intelligence Platform