Iraq: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2025

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

The Iraqi market for electrical transformers with liquid dielectric, of power handling capacity over X kVA rose rapidly to $X in 2022, picking up by 8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

Exports from Iraq

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from Iraq totaled X units, stabilizing at 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 300%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA rose to $X in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 192%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

India (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Iraq, accounting for a 67% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to India exceeded the volume sent to the second major destination, South Korea (X units), threefold.

From 2015 to 2016, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Italy (-50.0% per year).

In value terms, South Korea ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Iraq, comprising 68% of total exports. The second position in the ranking was taken by Italy ($X), with a 29% share of total exports.

From 2015 to 2016, the average annual growth rate of value to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-37.3% per year) and India (0.0% per year).

Export Prices by Country

In 2016, the average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, declining by -59.4% against the previous year. Over the period under review, the export price showed a precipitous decrease. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2015 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+25.3%).

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

Imports into Iraq

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA imported into Iraq was estimated at X units, surging by 1.9% against the previous year. Overall, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 169% against the previous year. 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 over X kVA surged to $X in 2022. In general, imports showed a slight expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 149%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), Japan (X units) and Italy (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Iraq, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +74.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Japan ($X) and Italy ($X) were the largest electrical transformers with liquid dielectric, of power handling capacity over X kVA suppliers to Iraq, together comprising 50% of total imports. The UK, Germany, South Korea, Austria, China, Belgium and France lagged somewhat behind, together comprising a further 21%.

The UK, with a CAGR of +47.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, jumping by 19% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 57%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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