MENA: Electrical Transformer Market 2024

Electrical Transformer Market Size in MENA

The MENA's electrical transformer market was estimated at $X in 2023, rising by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Electrical Transformer Production in MENA

In value terms, electrical transformer production expanded rapidly to $X in 2023 estimated in export price. Overall, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Electrical Transformer Exports

Exports in MENA

In 2023, approx. X units of electrical transformers were exported in MENA; increasing by X% on the previous year's figure. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, electrical transformer exports soared to $X in 2023. Over the period under review, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) and Tunisia (X units) prevails in exports structure, together generating X% of total exports. It was distantly followed by Morocco (X units), generating a X% share of total exports. Israel (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest electrical transformer supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In Turkey, electrical transformer exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, jumping by X% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while Tunisia ($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 a decline in the export price figures.

Electrical Transformer Imports

Imports in MENA

In 2023, approx. X units of electrical transformers were imported in MENA; picking up by X% against 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, electrical transformer imports surged to $X in 2023. Over the period under review, imports, however, showed a abrupt setback. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Turkey (X units) was the major importer of electrical transformers, mixing up X% of total imports. It was distantly followed by Tunisia (X units), creating a X% share of total imports. The following importers - the United Arab Emirates (X units), Israel (X units) and Iran (X units) - together made up X% of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of electrical transformers. At the same time, Tunisia (X%), Iran (X%) and Israel (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Tunisia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to 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 MENA amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, 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 ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform