GCC: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

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

The GCC market for electrical transformers with liquid dielectric, of power handling capacity over X kVA dropped to $X in 2022, which is down by -8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA declined to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +14.0% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 79%. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports in GCC

Exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA shrank to X units in 2022, dropping by -6.9% on the previous year's figure. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 154% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA reduced to $X in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 109% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia was the largest exporting country with an export of around X units, which finished at 67% of total exports. It was distantly followed by the United Arab Emirates (X units), mixing up a 26% share of total exports. The following exporters - Bahrain (X units) and Oman (X units) - each resulted at a 7.4% share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of -4.1% from 2012 to 2022. At the same time, Bahrain (+8.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +8.0% from 2012-2022. By contrast, Oman (-6.7%) and the United Arab Emirates (-20.0%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+40 p.p.), Bahrain (+3.7 p.p.) and Oman (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-37.5 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA supplier in GCC, comprising 69% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 26% share of total exports. It was followed by Oman, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia totaled -3.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-10.6% per year) and Oman (-6.6% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price recorded prominent growth. The growth pace was the most rapid in 2016 an increase of 194%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per unit), while Bahrain ($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 (+11.7%), while the other leaders experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports in GCC

After two years of growth, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity over X kVA decreased by -1.6% to X units in 2022. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2013 with an increase of 1,435%. As a result, imports attained the peak of X units. From 2014 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 over X kVA expanded notably to $X in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 22%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bahrain (X units) and the United Arab Emirates (X units) dominates kVA structure, together comprising 80% of total imports. Kuwait (X units) took an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (7.9%). Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of +13.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity over X kVA in GCC, comprising 38% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 17% share of total imports. It was followed by Qatar, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at -4.7%. In the other countries, the average annual rates were as follows: Bahrain (+15.4% per year) and Qatar (-6.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, increasing by 7.8% against the previous year. Overall, the import price posted a modest expansion. The pace of growth was the most pronounced in 2014 an increase of 889%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+23.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform