Middle East: 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 the Middle East

The Middle Eastern market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA reduced markedly to $X in 2023, falling by X% against the previous year. Overall, consumption, however, recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded markedly to $X in 2023 estimated in export price. In general, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production of growth failed to regain momentum.

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

Exports in the Middle East

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported in the Middle East expanded sharply to X units, picking up by X% against the year before. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports of hit record highs in 2023 and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. Over the period under review, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in kVA structure, finishing at X units, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports. Oman (X units) and Saudi Arabia (X units) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Turkey and Oman increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In Turkey, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, with an increase of X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price 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, export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

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

Imports in the Middle East

In 2023, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA was finally on the rise to reach X units for the first time since 2014, thus ending a eight-year declining trend. Over the period under review, imports, however, saw a slight shrinkage. The volume of import peaked at X units in 2014; however, from 2015 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 soared to $X in 2023. Overall, imports, however, continue to indicate a pronounced downturn. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Qatar (X units) was the largest importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, generating X% of total imports. Iraq (X units) ranks second in terms of the total imports with an X% share, followed by Oman (X%) and Bahrain (X%). The United Arab Emirates (X units), Israel (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports into Qatar stood at X%. At the same time, Israel (X%) and Oman (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Iraq (X%), Kuwait (X%), Bahrain (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.), Oman (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bahrain (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Qatar totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform