Ecuador: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Ecuador

The Ecuadorian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA dropped slightly to $X in 2023, approximately mirroring 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 2023, consumption failed to regain momentum.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Ecuador

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA shrank modestly to $X in 2023 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 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 from 650 kVA to 10000 kVA

Exports from Ecuador

In 2023, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2022, and then contracted significantly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted notably to $X in 2023. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2022, and then declined sharply in the following year.

Exports by Country

Canada (X units), Panama (X units) and Costa Rica (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Ecuador, together comprising X% of total exports.

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

In value terms, Panama ($X), Canada ($X) and the United States ($X) constituted the largest markets for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from Ecuador worldwide, with a combined X% share of total exports.

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

Export Prices by Country

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

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports into Ecuador

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported into Ecuador expanded modestly to X units, rising by X% on 2022. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA fell modestly to $X in 2023. In general, imports, however, saw a sharp curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Panama (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Ecuador, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Panama exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was taken by Mexico (X units), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Panama amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Mexico (X% per year).

In value terms, Panama ($X), India ($X) and Mexico ($X) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Ecuador, together comprising X% of total imports.

Panama, with a CAGR of X%, saw the highest growth rate of 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

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, dropping by X% against the previous year. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform