Peru: 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 Peru

The Peruvian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell notably to $X in 2022, dropping by -15.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

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

Exports from Peru

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Peru surged to X units, rising by 300% against the year before. In general, exports showed a significant expansion. Over the period under review, the exports of reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 123%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X units), Bolivia (X units) and El Salvador (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Peru, together comprising 70% of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in the United States exceeded the figures recorded by the second-largest exporter, Bolivia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), the United States ($X) and Bolivia ($X) appeared to be the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Peru worldwide, together comprising 99% of total exports. El Salvador, Free Zones and Chile lagged somewhat behind, together comprising a further 0.7%.

In terms of the main countries of destination, El Salvador, with a CAGR of +83.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, declining by -69.4% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 397% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+144.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Peru

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported into Peru reduced to X units, which is down by -9.7% against the year before. In general, imports saw a deep reduction. The growth pace was the most rapid in 2019 when imports increased by 326%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reduced to $X in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 275%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Peru, with a 26% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Italy exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Brazil (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.8% per year) and Brazil (+8.6% per year).

In value terms, Italy ($X), Brazil ($X) and the United States ($X) were the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Peru, together comprising 47% of total imports.

Among the main suppliers, Brazil, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 17%. 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 ($X per unit), while the price for South Korea ($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 (+50.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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