Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022, jumping by 71% against the previous year. Overall, consumption continues to indicate buoyant growth. 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 Latin America and the Caribbean

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 218%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported in Latin America and the Caribbean soared to X units, with an increase of 374% compared with the previous year. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 4,803%. 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 liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. Over the period under review, exports continue to indicate temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in kVA structure, accounting for X units, which was near 94% of total exports in 2022. The following exporters - Brazil (X units) and Colombia (X units) - together made up 4.3% of total exports.

Mexico was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +10.1% from 2012 to 2022. At the same time, Brazil (+1.4%) displayed positive paces of growth. By contrast, Colombia (-9.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by +10 percentage points.

In value terms, Mexico ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in Latin America and the Caribbean, comprising 88% of total exports. The second position in the ranking was held by Brazil ($X), with an 8.1% share of total exports.

In Mexico, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded at an average annual rate of +6.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (-1.3% per year) and Colombia (-1.9% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, declining by -17% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 4,024%. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+8.3%), while the other leaders experienced a decline in the export price figures.

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

Imports in Latin America and the Caribbean

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imported in Latin America and the Caribbean declined dramatically to X units, dropping by -74.8% against 2021 figures. In general, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 2,969%. 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. Over the period under review, imports saw a pronounced slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Dominican Republic (X units), distantly followed by Bahamas (X units), Chile (X units), Mexico (X units), Grenada (X units) and Bolivia (X units) were the major importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, together creating 80% of total imports. Guatemala (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Grenada (with a CAGR of +56.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and the Dominican Republic ($X), with a combined 58% share of total imports.

Chile, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, surging by 741% against the previous year. Overall, the import price, however, showed a slight decrease. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per unit), while Grenada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+23.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :