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 totaled $X in 2023, picking up by X% against the previous year. The total consumption indicated tangible 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, 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 remained at a lower figure.

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 reached $X in 2023 estimated in export price. In general, production saw strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production of hit record highs 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 year in a row, the Middle East recorded growth in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, which increased by X% to X units in 2023. In general, exports saw a notable expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached 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. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

Turkey prevails in kVA structure, accounting for 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 reached 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 ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($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 expanded 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

The export price in the Middle East stood at $X per unit in 2023, with an increase of 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 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

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 mixed trends 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 declined notably to X units, shrinking by X% compared with 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reduced to $X in 2023. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Iraq was the largest 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 near X% of total imports in 2023. Qatar (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%), the United Arab Emirates (X%), Kuwait (X%) and Turkey (X%). Iran (X units) took a relatively small share of total imports.

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. Iraq (X p.p.), Bahrain (X p.p.), Kuwait (X p.p.), the United Arab Emirates (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar 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, 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 growth rate of value in Iraq stood at X%. In the other countries, the average annual rates were as follows: 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, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure 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 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 Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform