Brazil: 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 Brazil

The Brazilian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022, jumping by 16% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose notably to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from Brazil

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Brazil shrank significantly to X units in 2022, falling by -25.6% on 2021. Overall, exports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2020 with an increase of 11,284% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained 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. Over the period under review, exports recorded a noticeable descent. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X units), Peru (X units) and Chile (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Brazil, with a combined 53% share of total exports. Paraguay, the United States, El Salvador, Argentina, Bolivia, Portugal, Nicaragua, Costa Rica, Panama and Uruguay lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of +300.0%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Chile ($X) and Colombia ($X) constituted the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Brazil worldwide, together comprising 53% of total exports. The United States, El Salvador, Paraguay, Costa Rica, Portugal, Bolivia, Panama, Uruguay, Argentina and Nicaragua lagged somewhat behind, together accounting for a further 40%.

Nicaragua, with a CAGR of +571.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, rising by 291% against the previous year. Over the period under review, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of 9,096%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Costa Rica ($X per unit), while the average price for exports to Nicaragua ($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 Nicaragua (+138.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Brazil

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Brazil soared to X units, growing by 334% on 2021 figures. Over the period under review, imports, however, recorded a noticeable setback. The growth pace was the most rapid in 2020 when imports increased by 14,498%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 104%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Brazil, accounting for a 49% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Germany (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.8% per year) and Germany (-6.2% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Brazil, comprising 65% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by Hong Kong SAR, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.1% per year) and Hong Kong SAR (+8.5% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, declining by -78.6% against the previous year. Over the period under review, the import price faced a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 10,227%. The import price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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