Mexico: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Mexico

In 2022, the Mexican market for electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 83% to $X, rising for the third consecutive year after four years of decline. In general, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in Mexico

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA rose to $X in 2022 estimated in export price. Overall, production continues to indicate a slight curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 4%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Mexico

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity under X kVA were exported from Mexico; with an increase of 19% on 2021 figures. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,168%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA reached $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Mexico, with a 95% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to the United States exceeded the volume sent to the second major destination, Thailand (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +32.1%.

In value terms, the United States ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Thailand ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +2.8%.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, falling by -13.4% against the previous year. Over the period under review, the export price saw a sharp reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 11%. Over the period under review, the average export prices attained 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Thailand amounted to less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-22.2%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Mexico

In 2022, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by 332% to X units, rising for the fifth year in a row after two years of decline. In general, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 450% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA reached $X in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier to Mexico, with a 75% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by Vietnam (X units), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+41.7% per year) and Vietnam (+50.4% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Mexico, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Vietnam, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.5% per year) and Vietnam (+19.8% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, falling by -74.7% against the previous year. Over the period under review, the import price recorded a dramatic setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-20.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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