U.S.: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in the U.S.

The U.S. market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022, growing by 63% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in the U.S.

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022. In general, production, however, saw a perceptible setback. Production of peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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

Exports from the U.S.

In 2022, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were exported from the United States; jumping by 15% against the previous year. Over the period under review, exports, however, showed a noticeable reduction. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X in 2022. In general, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 14%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Canada (X units), Mexico (X units) and China (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from the United States, together comprising 63% of total exports. India, the UK, the Philippines, Costa Rica, Honduras and Haiti lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +15.2%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from the United States, comprising 43% of total exports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total exports. It was followed by China, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.7% per year) and China (+3.8% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, declining by -12.6% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 an increase of 34%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Haiti ($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 Haiti (+5.5%), while the prices for the other major destinations experienced a decline.

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

Imports into the U.S.

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by 56% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 185% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) was the main supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to the United States, with a 99% share of total imports. It was followed by Canada (X units), with a 0.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +15.8%.

In value terms, Mexico ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to the United States, comprising 76% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled +8.9%.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Canada ($X per unit), while the price for Mexico amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.8%).

Source: IndexBox Platform

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