Argentina: Electrical Transformer Market 2024

Electrical Transformer Market Size in Argentina

In 2022, the Argentinian electrical transformer market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, showed a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electrical Transformer Production in Argentina

In value terms, electrical transformer production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Electrical Transformer Exports

Exports from Argentina

In 2022, overseas shipments of electrical transformers decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank sharply in the following year.

In value terms, electrical transformer exports soared to $X in 2022. In general, exports saw a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X units) was the main destination for electrical transformer exports from Argentina, with a X% share of total exports. Moreover, electrical transformer exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X units), fivefold. Brazil (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Brazil (X% per year).

In value terms, the largest markets for electrical transformer exported from Argentina were Brazil ($X), the Dominican Republic ($X) and Chile ($X), with a combined X% share of total exports. Panama, Paraguay and Uruguay lagged somewhat behind, together comprising a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Paraguay ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Argentina

In 2022, purchases abroad of electrical transformers increased by X% to X units, rising for the fifth consecutive year after two years of decline. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, electrical transformer imports rose to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of electrical transformer to Argentina, with a X% share of total imports. Moreover, electrical transformer imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers to Argentina, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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