Argentina: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Argentina

The Argentinian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reached $X in 2022, surging by 5.5% against the previous year. In general, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Argentina

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded markedly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable setback. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Argentina

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Argentina soared to X units in 2022, with an increase of 420% compared with 2021 figures. Overall, exports posted significant growth. The exports peaked 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 over X kVA skyrocketed to $X in 2022. In general, exports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 98% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Argentina, accounting for a 90% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Brazil exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. Spain (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+6.8% per year) and Spain (+27.1% per year).

In value terms, Brazil ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Argentina, comprising 69% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 1.7% share of total exports. It was followed by Peru, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-20.7% per year) and Peru (-23.6% per year).

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, falling by -72% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2021 an increase of 393%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Spain ($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 Peru (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Argentina

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were imported into Argentina; jumping by 26% on the previous year. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 5,407%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 316%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), the Netherlands (X units) and Denmark (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Argentina, with a combined 75% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Argentina, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Denmark, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.3% per year) and Denmark (+148.6% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, surging by 103% against the previous year. Over the period under review, the import price recorded moderate growth. The growth pace was the most rapid in 2021 when the average import price increased by 18,161%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+64.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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