GCC: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in GCC

In 2022, the GCC market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -50% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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 skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable contraction. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, 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

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to X units in 2022, rising by 1,743% against 2021. In general, exports enjoyed a significant increase. The volume of export peaked at X units in 2020; however, from 2021 to 2022, 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 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 59%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in GCC, with the volume of exports finishing at X units, which was near 84% of total exports in 2022. It was distantly followed by Saudi Arabia (X units), achieving a 15% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports, with a CAGR of +39.6% from 2012 to 2022. At the same time, Saudi Arabia (+20.9%) displayed positive paces of growth. While the share of the United Arab Emirates (+30 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-24.4 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +1.4%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, falling by -91.5% against the previous year. In general, the export price recorded a precipitous curtailment. The growth pace was the most rapid in 2021 when the export price increased by 1,750% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-20.0%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports in GCC

In 2022, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in GCC reduced slightly to X units, shrinking by -4.2% on the previous year's figure. Over the period under review, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 2,560%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA surged to $X in 2022. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 195%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) represented roughly 78% of total imports in 2022. It was distantly followed by Oman (X units), creating a 13% share of total imports. Kuwait (X units), Bahrain (X units) and Qatar (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +10.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

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 ($X), Qatar ($X) and Saudi Arabia ($X), together comprising 80% of total imports. Kuwait, Oman and Bahrain lagged somewhat behind, together accounting for a further 20%.

Among the main importing countries, Kuwait, with a CAGR of +7.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, increasing by 60% against the previous year. Overall, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2021 an increase of 2,583%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+18.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform