Uruguay: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2025

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

In 2022, the Uruguayan market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -6.4% to $X, falling for the second consecutive year after three years of growth. Overall, consumption saw a abrupt setback. As a result, consumption reached the peak level of $X. From 2021 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 Uruguay

Exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Uruguay skyrocketed to X units in 2022, picking up by 300% compared with 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 700% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 3,308%. Over the period under review, the exports of hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units) and Spain (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Uruguay. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in Denmark exceeded the figures recorded by the second-largest exporter, Spain, twofold.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of 0.0%).

In value terms, Spain ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Uruguay, comprising 43% of total exports. The second position in the ranking was held by Chile ($X), with a 1.1% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Spain stood at +65.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+247.4% per year) and Denmark (0.0% per year).

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, rising by 121% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Denmark amounted to $X per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+112.5%).

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

Imports into Uruguay

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA into Uruguay stood at X units, picking up by 13% against 2021 figures. In general, imports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 27,590%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 225%. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Uruguay, with a 78% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Argentina (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Argentina (-12.9% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Uruguay were China ($X), Spain ($X) and Brazil ($X), together comprising 72% of total imports. Denmark, Argentina, Chile, Switzerland, Italy, France, the United States, Germany and the Czech Republic lagged somewhat behind, together comprising a further 28%.

In terms of the main suppliers, Chile, with a CAGR of +54.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, surging by 79% against the previous year. Over the period under review, the import price enjoyed a noticeable increase. The growth pace was the most rapid in 2021 an increase of 17,591% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+69.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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