Colombia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Colombia

The Colombian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022, jumping by 34% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in Colombia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -17.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 52%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Colombia

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were exported from Colombia; shrinking by -6.1% against 2021 figures. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of 2,490% 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 lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. In general, exports showed a slight reduction. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units), Chile (X units) and Jamaica (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Colombia, together comprising 52% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +69.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported from Colombia were Panama ($X), Guatemala ($X) and Chile ($X), together comprising 39% of total exports. Jamaica, Costa Rica, the Dominican Republic, Trinidad and Tobago, Venezuela, Belize, Suriname, the United States, Honduras and Brazil lagged somewhat behind, together comprising a further 37%.

The Dominican Republic, with a CAGR of +40.3%, recorded 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 liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, increasing by 103% against the previous year. Overall, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 1,741%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Guatemala ($X per unit), while the average price for exports to Honduras ($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 the Dominican Republic (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Colombia

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -0.2% to X units, falling for the second consecutive year after four years of growth. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 4,846%. As a result, imports reached 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 liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. In general, imports faced a deep contraction. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Canada (X units), Panama (X units) and the United States (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Colombia, with a combined 45% share of total imports. Turkey, China, Hong Kong SAR, Sweden, India and Mexico lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +79.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the United States ($X) and China ($X) were the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to Colombia, with a combined 59% share of total imports. India, Turkey, Mexico, Canada, Panama and Hong Kong SAR lagged somewhat behind, together comprising a further 12%.

Turkey, with a CAGR of +48.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, jumping by 152% against the previous year. Overall, the import price recorded a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of 2,354% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Sweden ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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