Costa Rica: 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 Costa Rica

The Costa Rican market for electrical transformers with liquid dielectric, of power handling capacity over X kVA contracted to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a significant curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a precipitous setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from Costa Rica

In 2022, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a perceptible contraction. Over the period under review, the exports of reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA dropped sharply to $X in 2022. In general, exports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

Nicaragua (X units) and Panama (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Costa Rica.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of X%).

In value terms, the largest markets for electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from Costa Rica were Panama ($X) and Nicaragua ($X).

Among the main countries of destination, Nicaragua, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price saw a sharp reduction. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, 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 Nicaragua stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

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

Imports into Costa Rica

Imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA into Costa Rica reduced sharply to X units in 2022, waning by X% compared with the previous year. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined significantly to $X in 2022. In general, imports, however, recorded measured growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Costa Rica, accounting for a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Colombia exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from Colombia totaled X%.

In value terms, Colombia ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Costa Rica, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Colombia amounted to X%.

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, 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 the United States amounted to $X per unit.

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

Source: IndexBox Platform