Middle East: Electrical Transformer Market 2025

Electrical Transformer Market Size in the Middle East

The Middle Eastern electrical transformer market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a perceptible decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Electrical Transformer Production in the Middle East

In value terms, electrical transformer production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Electrical Transformer Exports

Exports in the Middle East

After two years of growth, shipments abroad of electrical transformers decreased by X% to X units in 2022. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then declined remarkably in the following year.

In value terms, electrical transformer exports surged to $X in 2022. Total exports indicated a pronounced expansion 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, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel was the largest exporter of electrical transformers in the Middle East, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Turkey (X units) and Saudi Arabia (X units), together achieving a X% share of total exports. The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest electrical transformer supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($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. In the other countries, the average annual rates were as follows: Israel (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, saw a slight setback. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while Israel ($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 the Middle East

In 2022, overseas purchases of electrical transformers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, electrical transformer imports expanded sharply to $X in 2022. Over the period under review, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) was the major importer of electrical transformers, constituting X% of total imports. Israel (X units) ranks second in terms of the total imports with a X% share, followed by Iran (X%), the United Arab Emirates (X%) and Saudi Arabia (X%). The following importers - Iraq (X units) and Qatar (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformer imports into Turkey stood at X%. At the same time, Qatar (X%), Iran (X%), Iraq (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Iran, Iraq and Qatar increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Turkey, Qatar, Israel and Iran lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

Frequently Asked Questions (FAQ) :