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

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

The Latin American market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022, picking up by 37% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached 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 over X kVA in Latin America and the Caribbean

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported in Latin America and the Caribbean skyrocketed to X units, with an increase of 89% against the year before. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,800% against the previous year. 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 non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Over the period under review, exports posted mild growth. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico represented the main exporting country with an export of about X units, which reached 59% of total exports. Argentina (X units) held the second position in the ranking, distantly followed by Brazil (X units). All these countries together took near 33% share of total exports. The following exporters - Colombia (X units) and Cayman Islands (X units) - each recorded a 3.7% share of total exports.

Exports from Mexico increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Argentina (+26.6%), Colombia (+12.3%) and Brazil (+1.5%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +26.6% from 2012-2022. By contrast, Cayman Islands (-29.7%) illustrated a downward trend over the same period. While the share of Argentina (+24 p.p.) and Cayman Islands (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-2.1 p.p.) and Mexico (-25.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in Latin America and the Caribbean, comprising 76% of total exports. The second position in the ranking was held by Brazil ($X), with a 13% share of total exports. It was followed by Argentina, with a 7.2% share.

In Mexico, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-3.0% per year) and Argentina (+2.0% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of 1,329% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 ($X per unit), while Cayman Islands ($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 (+1.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Latin America and the Caribbean

Imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to X units in 2022, jumping by 248% compared with the year before. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 11,533%. 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 non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. In general, imports, however, showed a pronounced decrease. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Dominican Republic (X units), followed by Mexico (X units), Brazil (X units), Haiti (X units), Antigua and Barbuda (X units), Trinidad and Tobago (X units), Montserrat (X units) and Peru (X units) represented the largest importers of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, together constituting 68% of total imports. Saint Kitts and Nevis (X units), Colombia (X units), Cayman Islands (X units), Curacao (X units) and Costa Rica (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Montserrat (with a CAGR of +79.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Latin America and the Caribbean, comprising 27% of total imports. The second position in the ranking was held by Peru ($X), with a 10% share of total imports. It was followed by Colombia, with a 7.1% share.

In Mexico, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA shrank by an average annual rate of -3.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Peru (-7.3% per year) and Colombia (+2.1% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, declining by -37.3% against the previous year. In general, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by 13,676%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Mexico ($X per unit), while Montserrat ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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