Bahrain: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Bahrain

The Bahraini market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, rising by 71% against the previous year. Over the period under review, consumption enjoyed slight growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Production of peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Bahrain

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -3.4% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,059% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 714% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (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 Bahrain, accounting for a 47% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Saudi Arabia exceeded the volume sent to the second major destination, Switzerland (X units), twofold. Kuwait (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +57.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+70.0% per year) and Kuwait (+65.3% per year).

In value terms, Kuwait ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Bahrain, comprising 56% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 28% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait amounted to +83.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+38.9% per year) and the United Arab Emirates (+55.5% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, growing by 59% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 1,978%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Switzerland ($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 Pakistan (+12,276.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Bahrain

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -11.4% to X units, falling for the second consecutive year after three years of growth. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 2,296%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat 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 2022. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 296% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China (X units), Sweden (X units) and Taiwan (Chinese) (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Bahrain, together accounting for 52% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +65.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Bahrain, comprising 29% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Spain, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+51.5% per year) and Spain (+48.6% per year).

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 2022, increasing by 171% against the previous year. Overall, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,160% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+66.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform