GCC: 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 GCC

The GCC market for electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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

Exports in GCC

In 2023, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA in GCC surged to X units, jumping by X% against the previous year. Over the period under review, exports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2017; however, from 2018 to 2023, 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 soared to $X in 2023. Overall, exports, however, recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Saudi Arabia represented the largest exporter of electrical transformers with liquid dielectric, of power handling capacity over X kVA in GCC, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Oman (X%). Kuwait (X units) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA exports, with a CAGR of X% from 2012 to 2023. Oman experienced a relatively flat trend pattern. Kuwait (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of 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, Saudi Arabia ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Saudi Arabia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in GCC

Imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA skyrocketed to X units in 2023, rising by X% on the year before. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA surged to $X in 2023. In general, imports, however, showed a deep setback. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Qatar dominates kVA structure, accounting for X units, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X units), mixing up a X% share of total imports. Bahrain (X units) and Oman (X units) followed a long way behind the leaders.

Qatar was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of X% from 2012 to 2023. Bahrain experienced a relatively flat trend pattern. Oman (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bahrain (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Oman ($X), with a combined X% share of total imports.

In terms of the main importing countries, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, dropping by X% against the previous year. Overall, the import price faced a abrupt decline. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 a decline in the import price figures.

Source: IndexBox Platform