GCC: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in GCC

The GCC market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022, increasing by 406% against the previous year. Over the period under review, consumption enjoyed a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a deep setback. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in GCC

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported in GCC surged to X units, with an increase of 360% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, exports, however, recorded a noticeable slump. The growth pace was the most rapid in 2018 with an increase of 161% against the previous year. 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

In 2022, Saudi Arabia (X units) represented the key exporter of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, making up 79% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a 12% share, followed by Oman (6.9%).

Saudi Arabia was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of +48.5% from 2012 to 2022. At the same time, Oman (+10.7%) displayed positive paces of growth. By contrast, the United Arab Emirates (-18.3%) illustrated a downward trend over the same period. Saudi Arabia (+77 p.p.) and Oman (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -83.4% from 2012 to 2022, respectively.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together accounting for 99% of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +14.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, reducing by -65.9% against the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by 285%. The level of export peaked at $X per unit in 2016; however, from 2017 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 Oman ($X per unit), while Saudi Arabia ($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 (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in GCC

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA soared to X units in 2022, with an increase of 901% compared with the previous year's figure. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 958% against the previous year. 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 liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X units, which resulted at 66% of total imports. Qatar (X units) ranks second in terms of the total imports with a 26% share, followed by Saudi Arabia (7%).

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imports into the United Arab Emirates stood at +19.4%. At the same time, Qatar (+26.6%) and Saudi Arabia (+6.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +26.6% from 2012-2022. While the share of the United Arab Emirates (+18 p.p.) and Qatar (+15 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (-9.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in GCC, comprising 58% of total imports. The second position in the ranking was held by Qatar ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled -7.2%. In the other countries, the average annual rates were as follows: Qatar (+0.6% per year) and Saudi Arabia (-18.9% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by -87.6% against the previous year. In general, the import price showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 an increase of 1,033% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while Saudi Arabia ($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 (-20.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform