MENA: Electrical Transformer Market 2024

Electrical Transformer Market Size in MENA

The MENA's electrical transformer market rose markedly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Electrical Transformer Production in MENA

In value terms, electrical transformer production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Electrical Transformer Exports

Exports in MENA

After two years of growth, overseas shipments of electrical transformers decreased by X% to X units in 2022. In general, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then fell remarkably in the following year.

In value terms, electrical transformer exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco (X units) and Tunisia (X units) represented roughly X% of total exports in 2022. Israel (X units) ranks next in terms of the total exports with an X% share, followed by Turkey (X%). Saudi Arabia (X units) held a relatively small share of total exports.

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

In value terms, Turkey ($X) remains the largest electrical transformer supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, electrical transformer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Turkey ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Electrical Transformer Imports

Imports in MENA

In 2022, after three years of growth, there was significant decline in supplies from abroad of electrical transformers, when their volume decreased by X% to X units. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined markedly in the following year.

In value terms, electrical transformer imports rose rapidly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Tunisia (X units) was the key importer of electrical transformers, creating X% of total imports. It was distantly followed by Turkey (X units) and Israel (X units), together making up a X% share of total imports. Algeria (X units), Iran (X units), the United Arab Emirates (X units), Saudi Arabia (X units), Iraq (X units) and Egypt (X units) followed a long way behind the leaders.

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

In value terms, the largest electrical transformer importing markets in MENA were Iraq ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Turkey, Israel, Egypt, Iran, Algeria and Tunisia lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, showed a deep downturn. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iraq ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform