Argentina: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Argentina

The Argentinian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022, picking up by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, faced a abrupt slump. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Argentina

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva from Argentina surged to X units, picking up by 1,094% on the year before. In general, exports showed a significant expansion. Over the period under review, the exports of attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded sharply to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 886%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Argentina, accounting for a 86% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Bolivia exceeded the volume sent to the second major destination, the Dominican Republic (X units), more than tenfold. The third position in this ranking was held by Uruguay (X units), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+48.4% per year) and Uruguay (-4.1% per year).

In value terms, Chile ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Argentina, comprising 63% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 24% share of total exports. It was followed by Peru, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Chile amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+63.8% per year) and Peru (-14.6% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, falling by -91.2% against the previous year. Overall, the export price continues to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 an increase of 1,978% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Chile ($X per unit), while the average price for exports to Bolivia ($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 Chile (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Argentina

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA into Argentina soared to X units, rising by 22% compared with 2021. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 874%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of 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 2022. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Argentina, accounting for a 88% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +49.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-32.1% per year) and Malaysia (-16.0% per year).

In value terms, China ($X), Thailand ($X) and Malaysia ($X) were the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Argentina, together accounting for 75% of total imports.

Thailand, with a CAGR of +73.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, surging by 13% against the previous year. In general, the import price showed notable growth. The growth pace was the most rapid in 2021 an increase of 1,160%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+227.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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