Latin America and the Caribbean: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Latin America and the Caribbean

The Latin American market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined modestly to $X in 2022, with a decrease of -2.4% against the previous year. In general, consumption continues to indicate a mild downturn. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to 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 to X kVA surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 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 to X kVA exported in Latin America and the Caribbean soared to X units, picking up by 1,146% compared with the year before. Overall, exports enjoyed a significant expansion. Over the period under review, the exports of hit record highs 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 liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Over the period under review, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Mexico dominates kVA structure, accounting for X units, which was approx. 93% of total exports in 2022. It was distantly followed by Colombia (X units), generating a 5.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from Mexico stood at +32.9%. At the same time, Colombia (+40.3%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +40.3% from 2012-2022. While the share of Mexico (+9.4 p.p.) and Colombia (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Latin America and the Caribbean, comprising 66% of total exports. The second position in the ranking was taken by Colombia ($X), with an 11% share of total exports.

In Mexico, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by an average annual rate of -5.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, with a decrease of -90% against the previous year. In general, the export price faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 when the export price increased by 781% against the previous year. 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while Mexico amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-24.3%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in Latin America and the Caribbean

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted notably to X units in 2022, which is down by -40.9% on the previous year. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 1,924% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, imports showed a noticeable contraction. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in 2022 were Venezuela (X units), Mexico (X units), Chile (X units), the Dominican Republic (X units), Jamaica (X units) and Honduras (X units), together accounting for 57% of total import. Brazil (X units), Haiti (X units), Guyana (X units), Cuba (X units), Peru (X units), Belize (X units) and Guatemala (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Jamaica (with a CAGR of +42.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 61% share of total imports.

The Dominican Republic, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, jumping by 198% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2021 when the import price increased by 200%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Guyana ($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 (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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