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 expanded modestly to $X in 2023, growing by X% against the previous year. In general, consumption continues to indicate a deep contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

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 reached $X in 2023 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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

Exports in the Middle East

For the fifth consecutive year, the Middle East recorded growth in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, which increased by X% to X units in 2023. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Turkey dominates kVA structure, accounting for X units, which was approx. X% of total exports in 2023. Saudi Arabia (X units) took the second position in the ranking, followed by Iran (X units). All these countries together held near X% share of total exports. The United Arab Emirates (X units) and Israel (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of X% from 2012 to 2023. At the same time, Iran (X%) and Saudi Arabia (X%) displayed positive paces of growth. By contrast, Israel (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.), Israel (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In 2023, the export price in the Middle East amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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 Iran ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends 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

After two years of growth, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units in 2023. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2023. In general, imports showed a abrupt decline. 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 hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Iraq (X units), distantly followed by Israel (X units), Iran (X units), Bahrain (X units), the United Arab Emirates (X units), Kuwait (X units), Qatar (X units) and Turkey (X units) represented the key importers of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, together making up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Israel ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Kuwait, the United Arab Emirates, Iran, Bahrain and Qatar lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

In 2023, the import price in the Middle East amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat 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 Turkey ($X per unit), while Iran ($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 more modest paces of growth.

Source: IndexBox Platform