Middle East: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in the Middle East

The Middle Eastern market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA rose modestly to $X in 2023, increasing by X% against the previous year. The total consumption indicated a temperate increase 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. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA rose to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports in the Middle East

For the fourth consecutive year, the Middle East recorded growth in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which increased by X% to X units in 2023. Overall, exports showed a pronounced increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2023. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Turkey dominates kVA structure, reaching X units, which was near X% of total exports in 2023. It was distantly followed by Iran (X units), creating a X% share of total exports. The following exporters - Saudi Arabia (X units) and the United Arab Emirates (X units) - each recorded a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Turkey stood at X%. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. Saudi Arabia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Iran and Turkey 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 ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

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

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, picking up by X% against the previous year. Export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. 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 - X kVA increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the near future.

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 a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports in the Middle East

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imported in the Middle East shrank dramatically to X units, reducing by X% on the year before. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA contracted modestly to $X in 2023. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Iraq represented the main importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in the Middle East, with the volume of imports accounting for X units, which was approx. X% of total imports in 2023. Qatar (X units) held the second position in the ranking, distantly followed by Bahrain (X units), the United Arab Emirates (X units), Kuwait (X units) and Turkey (X units). All these countries together held approx. X% share of total imports. Iran (X units) followed a long way behind the leaders.

Imports into Iraq decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%), Iran (X%), Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Iraq, Bahrain, Kuwait, the United Arab Emirates and Iran increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a 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 Bahrain ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform