Brazil: Electrical Transformer Market 2024

Electrical Transformer Market Size in Brazil

In 2022, after two years of decline, there was significant growth in the Brazilian electrical transformer market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a pronounced reduction. Electrical transformer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Electrical Transformer Production in Brazil

In value terms, electrical transformer production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Electrical Transformer Exports

Exports from Brazil

In 2022, overseas shipments of electrical transformers increased by X% to X units, rising for the sixth consecutive year after four years of decline. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, electrical transformer exports soared to $X in 2022. Overall, exports, however, saw a slight contraction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X units), the United States (X units) and Ecuador (X units) were the main destinations of electrical transformer exports from Brazil, together accounting for X% of total exports. Mexico, Paraguay, China, Colombia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electrical transformers exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Colombia (X% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a precipitous descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

Electrical Transformer Imports

Imports into Brazil

In 2022, overseas purchases of electrical transformers increased by X% to X units, rising for the third consecutive year after six years of decline. In general, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, electrical transformer imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Brazil, with a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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