Panama: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Panama

The Panamanian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA shrank to $X in 2023, reducing by X% against the previous year. Overall, consumption, however, posted a prominent increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Panama

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from Panama

In 2023, exports of electrical transformers with liquid dielectric, of power handling capacity over X kva from Panama was estimated at X units, remaining relatively unchanged against the previous year. Overall, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined sharply to $X in 2023. In general, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Panama, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Chile stood at X%.

In value terms, Chile ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Panama.

From 2012 to 2023, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2023, the rate of growth in terms of prices for Guatemala amounted to X% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into Panama

In 2023, approx. X units of electrical transformers with liquid dielectric, of power handling capacity over X kVA were imported into Panama; reducing by X% against the year before. Overall, imports, however, showed tangible growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA dropped dramatically to $X in 2023. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

Mexico (X units), the United States (X units) and Thailand (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Panama, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to Panama were Portugal ($X), Thailand ($X) and Ecuador ($X), together comprising X% of total imports. The UK, Free Zones, China, the United States and Mexico lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, surging by X% against the previous year. Overall, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X,860 per unit. From 2021 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform