Kuwait: 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 Kuwait

In 2022, the Kuwaiti market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -6.8% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, posted a prominent increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood 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 Kuwait

Exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Kuwait soared to X units in 2022, picking up by 1,756% against the year before. Over the period under review, exports, however, recorded a noticeable curtailment. The exports peaked at X units in 2015; however, from 2016 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 soared to $X in 2022. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 234%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Qatar (X units) and Germany (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Kuwait, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +70.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Kuwait, comprising 49% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports. It was followed by Qatar, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.2% per year) and Qatar (+59.8% per year).

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 2022, declining by -92.7% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 2,007% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+38.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Kuwait

In 2022, overseas purchases of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -5.9% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,549% 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 non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 322% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Kuwait, accounting for a 62% 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, South Korea (X units), sixfold. The third position in this ranking was taken by Hungary (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.6% per year) and Hungary (+82.8% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Kuwait, comprising 26% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.5% share of total imports. It was followed by South Korea, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and South Korea (+56.3% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, growing by 92% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,160% against the previous year. 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 Italy ($X per unit), while the price for Hong Kong SAR ($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 (+41.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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