Puerto Rico: Electrical Transformer Market 2025

Electrical Transformer Market Size in Puerto Rico

The Puerto Rican electrical transformer market dropped to $X in 2021, reducing by -5.7% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the market value increased by 5.2% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electrical Transformer Production in Puerto Rico

In value terms, electrical transformer production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 5.3% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electrical Transformer Exports

Exports from Puerto Rico

In 2021, the amount of electrical transformers exported from Puerto Rico was estimated at less than X units, therefore, remained relatively stable against the year before. In general, exports saw a relatively flat trend pattern.

In value terms, electrical transformer exports amounted to less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, China (X units), Hong Kong SAR (X units), Malaysia (X units), Thailand (X units), South Korea (X units), Vietnam (X units), India (X units), Japan (X units), the Netherlands (X units), Italy (X units), Germany (X units) and Mexico (X units) represented the main exporter of electrical transformers in the world, comprising 75% of total export. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +79.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformer supplier from Puerto Rico, comprising 24% of global exports. The second position in the ranking was held by Germany ($X), with a 7.7% share of global exports. It was followed by Mexico, with a 6.1% share.

In China, electrical transformer exports expanded at an average annual rate of +2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-3.0% per year) and Mexico (-1.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, almost unchanged from the previous year. Overall, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per thousand units), while Malaysia ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-15.0%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports into Puerto Rico

Electrical transformer imports into Puerto Rico was estimated at less than X units in 2021, remaining stable against the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, electrical transformer imports amounted to less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, Hungary (X units), followed by Japan (X units), Malaysia (X units), Thailand (X units), the Netherlands (X units), India (X units), Germany (X units) and Italy (X units) represented the largest importers of electrical transformers, together making up 61% of total imports. Vietnam (X units), Taiwan (Chinese) (X units), Singapore (X units), Hong Kong SAR (X units) and China (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +65.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hong Kong SAR ($X) and China ($X) were the countries with the highest levels of imports in 2021, together comprising 16% of total imports. Japan, Thailand, Malaysia, Vietnam, India, Italy, the Netherlands, Hungary, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.

Thailand, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per thousand units), while Hungary ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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