GCC: 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 GCC

The GCC market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA rose modestly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021; afterwards, it flattened through to 2023.

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

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 enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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

Exports in GCC

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to X units in 2023, increasing by X% compared with 2022 figures. Over the period under review, exports, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2023. Overall, exports, however, saw a mild decrease. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) dominates kVA structure, together achieving X% of total exports. Oman (X units) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Saudi Arabia ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in years to come.

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 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 GCC

In 2023, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in GCC dropped significantly to X units, which is down by X% compared with the year before. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained 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 expanded remarkably to $X in 2023. Overall, imports showed a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Qatar was the key importing country with an import of around X units, which recorded X% of total imports. Bahrain (X units) held the second position in the ranking, followed by the United Arab Emirates (X units) and Kuwait (X units). All these countries together took near X% share of total imports. Oman (X units) took a relatively small share of total imports.

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 imports into Qatar stood at X%. At the same time, Kuwait (X%), Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Bahrain, Kuwait, the United Arab Emirates and Oman increased by X, X, X and X percentage points, respectively.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), with a combined X% share of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of 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 GCC amounted to $X per unit, rising by X% against the previous year. Overall, the import price recorded a prominent increase. The level of import peaked at $X per unit in 2013; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: 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 Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform