Middle East: 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 the Middle East

The Middle Eastern market for electrical transformers with liquid dielectric, of power handling capacity over X kVA was finally on the rise to reach $X in 2023, after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 the Middle East

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

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

Exports in the Middle East

In 2023, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by X% to X units, rising for the fifth year in a row after two years of decline. Total exports indicated a perceptible expansion from 2012 to 2023: its volume 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The volume of export peaked in 2023 and is likely to continue growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA surged to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value 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, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates kVA structure, amounting to X units, which was approx. X% of total exports in 2023. The following exporters - Saudi Arabia (X units), Iran (X units), Lebanon (X units) and the United Arab Emirates (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Turkey stood at X%. At the same time, Lebanon (X%), Saudi Arabia (X%) and Iran (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. 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, growing by X% against the previous year. Over the period under review, the export price, however, recorded a slight decline. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lebanon (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 the Middle East

In 2023, after two years of decline, there was significant growth in supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity over X kVA, when their volume increased by X% to X units. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached 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 skyrocketed to $X in 2023. Overall, imports, however, recorded a perceptible setback. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

Qatar represented the largest importer of electrical transformers with liquid dielectric, of power handling capacity over X kVA in the Middle East, with the volume of imports accounting for X units, which was near X% of total imports in 2023. Iraq (X units) took the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together took near X% share of total imports. The following importers - Bahrain (X units), Israel (X units) and Oman (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity over X kVA imports into Qatar stood at X%. At the same time, Israel (X%) and Iraq (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. Bahrain experienced a relatively flat trend pattern. By contrast, Oman (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Qatar (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain, Oman, Iraq and the United Arab Emirates saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, Iraq ($X), the United Arab Emirates ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Israel, Oman and Bahrain lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform