Middle East: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in the Middle East

The Middle Eastern market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in the Middle East

In 2022, after three years of growth, there was decline in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports of reached the maximum at X units in 2021, and then shrank in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined significantly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Turkey was the largest exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in the Middle East, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Iran (X units), creating a X% share of total exports. Israel (X units), the United Arab Emirates (X units), Saudi Arabia (X units) and Syrian Arab Republic (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in the Middle East

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced to $X in 2022. Overall, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Qatar was the main importer of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in the Middle East, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Kuwait (X units) held the second position in the ranking, followed by Iraq (X units). All these countries together took near X% share of total imports. Israel (X units), Turkey (X units), Iran (X units) and Palestine (X units) followed a long way behind the leaders.

Imports into Qatar increased at an average annual rate of X% from 2012 to 2022. At the same time, Palestine (X%), Israel (X%), Iraq (X%) and Iran (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (X p.p.), Iraq (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, Iraq ($X), Qatar ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Israel, Turkey, Palestine and Iran lagged somewhat behind, together comprising a further X%.

Palestine, with a CAGR of X%, recorded the highest growth rate of 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 2022, shrinking by X% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iraq ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, 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