Latin America and the Caribbean: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Latin America and the Caribbean

The Latin American market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, jumping by 39% against the previous year. Over the period under review, consumption posted a temperate expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Non-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 non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in Latin America and the Caribbean

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Latin America and the Caribbean surged to X units, growing by 104% on the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates kVA structure, amounting to X units, which was near 89% of total exports in 2022. The following exporters - the Dominican Republic (X units), Brazil (X units), Honduras (X units) and Peru (X units) - together made up 9.6% of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Mexico stood at -1.7%. At the same time, Peru (+98.3%), Brazil (+17.5%), Honduras (+14.3%) and the Dominican Republic (+12.1%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +98.3% from 2012-2022. Brazil (+2.3 p.p.), the Dominican Republic (+2.1 p.p.), Honduras (+1.8 p.p.) and Peru (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by -8.9% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 2.6% share of total exports. It was followed by Brazil, with a 2% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to +4.0%. In the other countries, the average annual rates were as follows: the Dominican Republic (+18.6% per year) and Brazil (+13.8% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 23% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by +73.5% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by 41% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Mexico ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in Latin America and the Caribbean

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Latin America and the Caribbean skyrocketed to X units, growing by 50% against 2021. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 72%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) was the main importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, creating 64% of total imports. It was distantly followed by Brazil (X units), mixing up a 31% share of total imports.

Mexico was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports, with a CAGR of +19.9% from 2012 to 2022. Brazil (-1.9%) illustrated a downward trend over the same period. While the share of Mexico (+44 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (-41 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) and Brazil ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Mexico, with a CAGR of +5.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by 74% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($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 Brazil (-1.5%).

Source: IndexBox Platform

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