Uruguay: Electrical Transformer Market 2024

Electrical Transformer Market Size in Uruguay

The Uruguayan electrical transformer market fell sharply to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Transformer Production in Uruguay

In value terms, electrical transformer production soared to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible reduction. Electrical transformer production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Uruguay

In 2022, approx. X units of electrical transformers were exported from Uruguay; falling by X% compared with the previous year. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical transformer exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X units), Germany (X units) and Paraguay (X units) were the main destinations of electrical transformer exports from Uruguay, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Free Zones ($X) appeared to be the largest markets for electrical transformer exported from Uruguay worldwide, with a combined X% share of total exports.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price posted a significant expansion. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Chile ($X per unit), while the average price for exports to Ireland ($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 Chile (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Transformer Imports

Imports into Uruguay

After two years of growth, purchases abroad of electrical transformers decreased by X% to X units in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, electrical transformer imports declined remarkably to $X in 2022. Overall, imports, however, saw temperate growth. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Uruguay, accounting for a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers to Uruguay, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and the Philippines (X% per year).

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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