Colombia: Electrical Transformer Market 2025

Electrical Transformer Market Size in Colombia

In 2022, the Colombian electrical transformer market was finally on the rise to reach $X for the first time since 2014, thus ending a seven-year declining trend. In general, consumption continues to indicate a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Electrical Transformer Production in Colombia

In value terms, electrical transformer production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Electrical transformer production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Colombia

Electrical transformer exports from Colombia was estimated at X units in 2022, flattening at the previous year's figure. In general, exports posted a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical transformer exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a slight decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Guatemala (X units), Peru (X units) and the United States (X units) were the main destinations of electrical transformer exports from Colombia, together accounting for X% of total exports. Panama, Ecuador, Guyana, Costa Rica, Spain, Venezuela and the Dominican Republic lagged somewhat behind, together comprising 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 Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. 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 the United States ($X per unit), while the average price for exports to Venezuela ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into Colombia

After ten years of growth, purchases abroad of electrical transformers decreased by X% to X units in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, electrical transformer imports amounted to $X in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main electrical transformer supplier to Colombia, accounting for a X% share of total imports. It was followed by the United States (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of electrical transformers to Colombia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, faced a sharp decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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