Iraq: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Iraq

The Iraqi market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA expanded to $X in 2022, surging by 4.3% 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 posted a measured expansion. 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.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Iraq

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva from Iraq surged to X units, growing by 144% against the previous year's figure. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 160%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA fell markedly to $X in 2022. In general, exports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2015 with an increase of 80%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Iraq.

From 2012 to 2013, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2013, declining by -13.4% against the previous year. Overall, the export price showed a abrupt downturn. The export price peaked at $X per unit in 2012, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2013, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Iraq

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported into Iraq; surging by 2.1% compared with 2021 figures. In general, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,991% against the previous year. 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 from X kVA to X kVA skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Iraq, accounting for a 80% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. Spain (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+19.0% per year) and Spain (+46.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Iraq, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 3.5% share of total imports. It was followed by South Korea, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.6% per year) and South Korea (+42.4% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, rising by 703% against the previous year. Overall, the import price, however, showed a dramatic descent. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+51.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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