Iraq: 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 Iraq

The Iraqi market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

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

Exports from Iraq

In 2023, after five years of growth, there was significant decline in shipments abroad 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. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X units in 2022, and then reduced rapidly 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 contracted notably to $X in 2023. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Turkey (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Iraq, with a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Turkey stood at X%.

In value terms, Turkey ($X) also remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Iraq.

From 2012 to 2023, the average annual rate of growth in terms of value to Turkey amounted to X%.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2023, the rate of growth in terms of prices for Turkey amounted to X% per year.

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

Imports into Iraq

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported into Iraq surged to X units, picking up by X% compared with the year before. Over the period under review, imports saw moderate growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Iran (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Iraq, with a X% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Iran stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, Iran ($X), Turkey ($X) and Spain ($X) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Iraq, with a combined X% share of total imports. The United States, Syrian Arab Republic, Saudi Arabia, the United Arab Emirates, India, China, Japan and South Korea lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform