Mexico: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Mexico

In 2022, the Mexican market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by 0% to $X, falling for the second year in a row after six years of growth. In general, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Mexico

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. In general, production, however, saw a abrupt decrease. Production of 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 from Mexico

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Mexico skyrocketed to X units in 2022, with an increase of 48% on the year before. Over the period under review, exports saw slight growth. The most prominent rate of growth was recorded in 2020 with an increase of 568% 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 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. In general, exports posted a notable expansion. Over the period under review, the exports of reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +2.5%.

In value terms, the United States ($X) also remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +4.1%.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, with an increase of 23% against the previous year. Overall, the export price showed a modest expansion. The growth pace was the most rapid in 2021 when the average export price increased by 393% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.6% per year.

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

Imports into Mexico

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were imported into Mexico; which is down by -6.6% compared with the previous year's figure. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2020 when imports increased by 19,623%. As a result, imports attained 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 skyrocketed to $X in 2022. Overall, imports continue to indicate a pronounced shrinkage. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Mexico, with a 71% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+38.5% per year) and the United States (-22.7% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Mexico were Italy ($X), the United States ($X) and China ($X), with a combined 90% share of total imports.

China, with a CAGR of +23.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, surging by 376% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18,161% against the previous year. Over the period under review, average import prices reached the peak figure 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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