Report Update Apr 1, 2024

Puerto Rico - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Electrical Transformer Market 2024

Electrical Transformer Market Size in Puerto Rico

The Puerto Rican electrical transformer market dropped to $X in 2021, reducing by -5.7% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the market value increased by 5.2% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electrical Transformer Production in Puerto Rico

In value terms, electrical transformer production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 5.3% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electrical Transformer Exports

Exports from Puerto Rico

In 2021, the amount of electrical transformers exported from Puerto Rico was estimated at less than X units, therefore, remained relatively stable against the year before. In general, exports saw a relatively flat trend pattern.

In value terms, electrical transformer exports amounted to less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, China (X units), Hong Kong SAR (X units), Malaysia (X units), Thailand (X units), South Korea (X units), Vietnam (X units), India (X units), Japan (X units), the Netherlands (X units), Italy (X units), Germany (X units) and Mexico (X units) represented the main exporter of electrical transformers in the world, comprising 75% of total export. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +79.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest electrical transformer supplier from Puerto Rico, comprising 24% of global exports. The second position in the ranking was held by Germany ($X), with a 7.7% share of global exports. It was followed by Mexico, with a 6.1% share.

In China, electrical transformer exports expanded at an average annual rate of +2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-3.0% per year) and Mexico (-1.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, almost unchanged from the previous year. Overall, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per thousand units), while Malaysia ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-15.0%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports into Puerto Rico

Electrical transformer imports into Puerto Rico was estimated at less than X units in 2021, remaining stable against the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, electrical transformer imports amounted to less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, Hungary (X units), followed by Japan (X units), Malaysia (X units), Thailand (X units), the Netherlands (X units), India (X units), Germany (X units) and Italy (X units) represented the largest importers of electrical transformers, together making up 61% of total imports. Vietnam (X units), Taiwan (Chinese) (X units), Singapore (X units), Hong Kong SAR (X units) and China (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +65.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hong Kong SAR ($X) and China ($X) were the countries with the highest levels of imports in 2021, together comprising 16% of total imports. Japan, Thailand, Malaysia, Vietnam, India, Italy, the Netherlands, Hungary, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.

Thailand, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per thousand units), while Hungary ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical transformers in the world?

The countries with the highest volumes of consumption in 2021 were Hungary, China and Japan, together accounting for 39% of global consumption.

What are the largest producers of electrical transformers in the world?

China remains the largest electrical transformer producing country worldwide, comprising approx. 26% of total volume. Moreover, electrical transformer production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The third position in this ranking was held by Hong Kong SAR, with an 8.2% share.

What are the leading suppliers of electrical transformers to Puerto Rico?

In value terms, Germany, Hong Kong SAR and China were the countries with the highest levels of imports in 2021, together comprising 16% of total imports. Japan, Thailand, Malaysia, Vietnam, India, Italy, the Netherlands, Hungary, Singapore and Taiwan Chinese) lagged somewhat behind, together accounting for a further 15%.

What are the leading importers of electrical transformers from Puerto Rico?

In value terms, China remains the largest electrical transformer supplier from Puerto Rico, comprising 24% of global exports. The second position in the ranking was held by Germany, with a 7.7% share of global exports. It was followed by Mexico, with a 6.1% share.

What is the average export price for electrical transformers in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per thousand units, remaining stable against the previous year.

What is the average import price for electrical transformers in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per thousand units in 2021, approximately mirroring the previous year.

This report provides an in-depth analysis of the electrical transformer market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27114120 - Liquid dielectric transformers having a power handling capacity . .650 kVA
Prodcom 27114150 - Liquid dielectric transformers having a power handling capacity > .650 kVA but . .10 .000 kVA
Prodcom 27114180 - Liquid dielectric transformers having a power handling capacity > .10 .000 kVA
Prodcom 27114220 - Measuring transformers having a power handling capacity . 1 kVA (including for voltage measurement)
Prodcom 27114240 - Other transformers, n.e.c., having a power handling capacity. 1 kVA
Prodcom 27114260 - Other transformers, having a power handling capacity > 1 kVA but . .16 kVA
Prodcom 27114330 - Transformers, n.e.c., having a power handling capacity > .16 kVA but . .500 kVA
Prodcom 27114380 - Transformers, n.e.c., having a power handling capacity > .500 kVA

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023