GCC: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in GCC

In 2023, the GCC market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a noticeable setback. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA totaled $X in 2023 estimated in export price. Overall, production, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production of growth failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in GCC

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported in GCC surged to X units, growing by X% against the previous year. Over the period under review, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2023. In general, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) represented roughly X% of total exports in 2023. It was distantly followed by Oman (X units), creating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries in GCC were Oman ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

Among the main exporting countries, Oman, 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 a decline in the exports figures.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per unit, reducing by X% against the previous year. Overall, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

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 Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in GCC

In 2023, after two years of growth, there was significant decline in purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by X% to X units. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose rapidly to $X in 2023. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in 2023 were Bahrain (X units), the United Arab Emirates (X units), Kuwait (X units) and Qatar (X units), together recording X% of total import. It was distantly followed by Oman (X units), mixing up a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA importing markets in GCC were Kuwait ($X), the United Arab Emirates ($X) and Bahrain ($X), together accounting for X% of total imports.

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

Import Prices by Country

The import price in GCC stood at $X per unit in 2023, increasing by X% against the previous year. In general, the import price, however, showed a deep reduction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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 Oman ($X per unit), while Qatar ($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