GCC: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in GCC

The GCC market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted remarkably to $X in 2022, waning by -25.4% against the previous year. In general, consumption showed a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of electrical transformers with non-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, saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports in GCC

In 2022, after two years of growth, there was significant decline in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -39.5% to X units. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 378%. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X in 2022. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 47%. 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 key exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in GCC, with the volume of exports resulting at X units, which was near 85% of total exports in 2022. It was distantly followed by Oman (X units), constituting a 12% share of total exports. The United Arab Emirates (X units) followed a long way behind the leaders.

Exports from Saudi Arabia decreased at an average annual rate of -2.6% from 2012 to 2022. At the same time, Oman (+33.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +33.7% from 2012-2022. By contrast, the United Arab Emirates (-19.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman and Saudi Arabia increased by +11 and +5 percentage points, respectively.

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

Oman, with a CAGR of +23.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, picking up by 89% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($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 (+4.2%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports in GCC

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported in GCC; falling by -38.6% compared with 2021. Over the period under review, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 339%. As a result, imports reached the peak of X units, and then fell rapidly in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced slightly to $X in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia prevails in kVA structure, amounting to X units, which was approx. 87% of total imports in 2022. It was distantly followed by Oman (X units), committing a 9% share of total imports. The United Arab Emirates (X units) took a relatively small share of total imports.

Imports into Saudi Arabia decreased at an average annual rate of -2.0% from 2012 to 2022. At the same time, the United Arab Emirates (+9.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of +9.7% from 2012-2022. By contrast, Oman (-7.3%) illustrated a downward trend over the same period. Saudi Arabia (+3.2 p.p.) and the United Arab Emirates (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by -6% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in GCC, comprising 50% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at -13.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+4.3% per year) and Oman (-17.4% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, rising by 56% against the previous year. In general, the import price, however, recorded a deep setback. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 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 ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform