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 rapidly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. The level of consumption peaked 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 expanded slightly to $X in 2023 estimated in export price. Over the period under review, production saw a strong increase. The growth pace was the most rapid in 2020 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 GCC

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exported in GCC soared to X units, jumping by X% compared with the previous year. Overall, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2023. In general, exports, however, recorded a slight decrease. The growth pace was 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 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) prevails in kVA structure, together creating X% of total exports. Oman (X units) followed a long way behind the leaders.

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

From 2012 to 2023, the average annual growth rate of value in Saudi Arabia totaled 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, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. 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 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 GCC

In 2023, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imported in GCC contracted notably to X units, declining by X% on 2022 figures. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 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 expanded significantly to $X in 2023. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, Qatar (X units) represented the key importer of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA, mixing up X% of total imports. Bahrain (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Kuwait (X%). Oman (X units) followed a long way behind the leaders.

Imports into Qatar decreased at an average annual rate of X% from 2012 to 2023. 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. Bahrain (X p.p.), Kuwait (X p.p.), the United Arab Emirates (X p.p.) and Oman (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.

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%, saw the highest rates of growth with regard to 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

The import price in GCC stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the import price showed a buoyant increase. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform