MERCOSUR: 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 MERCOSUR

In 2022, the MERCOSUR market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -17% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded a pronounced setback. 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 Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in MERCOSUR

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA declined to $X in 2022 estimated in export price. Over the period under review, production recorded a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in MERCOSUR

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity from X kva - X kva in MERCOSUR soared to X units, increasing by 66% compared with 2021. Overall, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of 3,764% 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 failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. In general, exports, however, showed a perceptible descent. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the major exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in MERCOSUR, with the volume of exports resulting at X units, which was approx. 47% of total exports in 2022. Colombia (X units) ranks second in terms of the total exports with a 25% share, followed by Argentina (16%) and Peru (9%). Suriname (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Suriname (with a CAGR of +86.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in MERCOSUR, comprising 66% of total exports. The second position in the ranking was taken by Colombia ($X), with a 25% share of total exports. It was followed by Argentina, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at -1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-1.9% per year) and Argentina (-18.5% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, rising by 81% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when the export price increased by 2,652% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by 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 MERCOSUR

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA declined markedly to X units in 2022, waning by -60% compared with 2021 figures. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2020 when imports increased by 4,361% against the previous year. As a result, imports attained 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 - X kVA skyrocketed to $X in 2022. In general, imports showed a deep setback. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X units) represented the major importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, comprising 60% of total imports. Brazil (X units) held the second position in the ranking, followed by Colombia (X units) and Peru (X units). All these countries together held near 31% share of total imports. Ecuador (X units), Paraguay (X units) and Uruguay (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports into Chile stood at -8.0%. Brazil (-2.4%), Paraguay (-6.1%), Ecuador (-6.2%), Uruguay (-14.4%), Colombia (-14.6%) and Peru (-21.0%) illustrated a downward trend over the same period. While the share of Chile (+22 p.p.), Brazil (+10 p.p.) and Ecuador (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (-3.5 p.p.) and Peru (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in MERCOSUR, comprising 57% of total imports. The second position in the ranking was held by Brazil ($X), with a 19% share of total imports. It was followed by Peru, with a 7.6% share.

In Chile, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased at an average annual rate of +13.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (-4.0% per year) and Peru (-4.9% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, with an increase of 408% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2021 an increase of 1,547% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Paraguay ($X per unit), while Ecuador ($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 more modest paces of growth.

Source: IndexBox Platform