Latin America and the Caribbean: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Latin America and the Caribbean

In 2022, after four years of growth, there was significant decline in the Latin American market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when its value decreased by -7.8% to $X. In general, consumption continues to indicate a mild setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption 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 expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of 49%. Over the period under review, production of reached the peak level 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 16 kVA to 500 kVA

Exports in Latin America and the Caribbean

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported in Latin America and the Caribbean reduced remarkably to X units, declining by -18.8% against the previous year. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 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. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico was the largest exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Latin America and the Caribbean, with the volume of exports amounting to X units, which was near 78% of total exports in 2022. It was distantly followed by Guatemala (X units) and Costa Rica (X units), together making up a 16% share of total exports. Panama (X units) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of -9.0% from 2012 to 2022. At the same time, Panama (+37.3%), Guatemala (+19.4%) and Costa Rica (+12.6%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +37.3% from 2012-2022. While the share of Guatemala (+11 p.p.), Costa Rica (+3.9 p.p.) and Panama (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-18.5 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in Latin America and the Caribbean, comprising 99% of total exports. The second position in the ranking was held by Guatemala ($X), with a 0.1% share of total exports. It was followed by Panama, with less than 0.1% share.

In Mexico, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +4.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (+11.6% per year) and Panama (+10.5% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, jumping by 65% against the previous year. In general, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 108% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Costa Rica ($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 (+14.5%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in Latin America and the Caribbean

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined markedly to X units in 2022, falling by -43% on the previous year's figure. Overall, imports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 431% against the previous year. As a result, imports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reached $X in 2022. In general, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. 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, Nicaragua (X units), Jamaica (X units), Guatemala (X units), Honduras (X units), Panama (X units), Costa Rica (X units), Mexico (X units), Peru (X units), Barbados (X units) and El Salvador (X units) represented the key importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Latin America and the Caribbean, achieving 90% of total import. Saint Lucia (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in Latin America and the Caribbean, comprising 34% of total imports. The second position in the ranking was taken by Peru ($X), with a 10% share of total imports. It was followed by Panama, with an 8% share.

In Mexico, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of +5.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Peru (-4.6% per year) and Panama (+18.0% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 77% against the previous year. Overall, the import price, however, showed a perceptible curtailment. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Nicaragua ($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 (+15.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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