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

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

The GCC market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022, jumping by 424% against the previous year. In general, consumption recorded buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022 estimated in export price. In general, production recorded a significant increase. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in GCC

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were exported in GCC; growing by 521% on the previous year. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 40,568%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Over the period under review, exports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 147% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) and Oman (X units) dominates kVA structure, together achieving 90% of total exports. The following exporters - Qatar (X units), the United Arab Emirates (X units) and Bahrain (X units) - together made up 9.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +33.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 97% of total exports.

Oman, with a CAGR of +13.1%, recorded 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, which is down by -70.4% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2021 when the export price increased by 16,333% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while Bahrain ($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 (-1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in GCC

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA were imported in GCC; rising by 26% against 2021. In general, imports enjoyed tangible growth. The pace of growth appeared the most rapid in 2020 when imports increased by 2,761%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA dropped to $X in 2022. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 62% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates kVA structure, reaching X units, which was approx. 85% of total imports in 2022. It was distantly followed by Kuwait (X units), mixing up a 6.4% share of total imports. The following importers - Saudi Arabia (X units) and Qatar (X units) - each amounted to a 7.6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports into the United Arab Emirates stood at +9.8%. At the same time, Kuwait (+28.4%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +28.4% from 2012-2022. By contrast, Qatar (-1.4%) and Saudi Arabia (-17.4%) illustrated a downward trend over the same period. The United Arab Emirates (+34 p.p.) and Kuwait (+5.6 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Saudi Arabia saw its share reduced by -2.7% and -36.8% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electrical transformers with non-liquid dielectric, of power handling capacity over X kVA in GCC, comprising 45% of total imports. The second position in the ranking was held by Qatar ($X), with a 20% share of total imports. It was followed by Saudi Arabia, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Qatar (-1.3% per year) and Saudi Arabia (-14.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of -22.3% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of 4,285% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Qatar ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform