Bahrain: Electrical Transformer Market 2024

Electrical Transformer Market Size in Bahrain

The Bahraini electrical transformer market fell to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Transformer Production in Bahrain

In value terms, electrical transformer production expanded notably to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Electrical Transformer Exports

Exports from Bahrain

In 2022, shipments abroad of electrical transformers decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical transformer exports expanded significantly to $X in 2022. Over the period under review, exports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for electrical transformer exports from Bahrain, with a X% share of total exports. Moreover, electrical transformer exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Oman (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for electrical transformers exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Transformer Imports

Imports into Bahrain

In 2022, after two years of growth, there was significant decline in overseas purchases of electrical transformers, when their volume decreased by X% to X units. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, electrical transformer imports reached $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformer supplier to Bahrain, accounting for a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. India (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of electrical transformers to Bahrain, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform