Colombia: 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 Colombia

In 2022, after two years of decline, there was significant growth in the Colombian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, when its value increased by 608% to $X. Overall, consumption posted a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA totaled $X in 2022 estimated in export price. Over the period under review, production saw a precipitous decline. The growth pace was the most rapid in 2021 when the production volume decreased by 99.9% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Colombia

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were exported from Colombia; picking up by 920% compared with 2021 figures. In general, exports posted a prominent expansion. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Overall, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 451%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Costa Rica (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Colombia, accounting for a 69% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Costa Rica exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was taken by Trinidad and Tobago (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica totaled +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.6% per year) and Trinidad and Tobago (+11.6% per year).

In value terms, Canada ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Colombia, comprising 29% of total exports. The second position in the ranking was held by Peru ($X), with a 13% share of total exports. It was followed by Bolivia, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +141.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-9.5% per year) and Bolivia (-11.9% per year).

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, reducing by -75.8% against the previous year. In general, the export price saw a significant curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 392% against the previous year. The export price peaked 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Costa Rica ($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 (+142.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Colombia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Colombia skyrocketed to X units, rising by 712% against 2021. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Over the period under review, imports enjoyed a perceptible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Argentina (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Colombia, accounting for a 56% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Argentina exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled +44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+39.0% per year) and Italy (+14.9% per year).

In value terms, China ($X), Argentina ($X) and Brazil ($X) appeared to be the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Colombia, together comprising 47% of total imports. Italy, France, the United States, the Netherlands and Japan lagged somewhat behind, together accounting for a further 13%.

The Netherlands, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, shrinking by -37.4% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 76% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+42.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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