Chile: 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 Chile

The Chilean market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA declined to $X in 2022, with a decrease of -6.3% 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). Over the period under review, consumption showed a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

Exports from Chile

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Chile surged to X units, picking up by 38% compared with 2021 figures. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 960% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, exports, however, continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 492%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X units), the United States (X units) and Peru (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Chile, with a combined 64% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Uruguay ($X) were the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Chile worldwide, together comprising 69% of total exports. Argentina, Brazil, Peru, Belgium, Denmark and Italy lagged somewhat behind, together comprising a further 29%.

Denmark, with a CAGR of +90.3%, recorded the highest growth rate of the value of exports, among 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, picking up by 3.3% against the previous year. In general, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 11,675%. The export price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the average price for exports to Denmark ($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 Denmark (+110.3%), 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 Chile

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were imported into Chile; with a decrease of -3.3% on 2021 figures. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 13,856% against the previous year. As a result, imports attained 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 soared to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Chile, accounting for a 87% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. New Zealand (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.2% per year) and New Zealand (-86.7% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Chile were Italy ($X), China ($X) and Brazil ($X), together comprising 64% of total imports. These countries were followed by New Zealand, which accounted for a further 0.4%.

In terms of the main suppliers, New Zealand, with a CAGR of +156.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, growing by 226% against the previous year. In general, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 18,161%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2,229.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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