Middle East: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in the Middle East

In 2022, the Middle Eastern market for electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -17.6% to $X for the first time since 2016, thus ending a five-year rising trend. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.9% against 2016 indices. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under X kVA in the Middle East

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA, when their volume decreased by -38.9% to X units. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 321% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA surged to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +43.2% against 2013 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 38%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Israel represented the largest exporting country with an export of around X units, which finished at 57% of total exports. It was distantly followed by Turkey (X units), mixing up a 38% 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 +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier in the Middle East, comprising 74% of total exports. The second position in the ranking was taken by Israel ($X), with a 23% share of total exports.

In Turkey, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA increased at an average annual rate of +6.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+20.0% per year) and the United Arab Emirates (-5.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, growing by 93% against the previous year. Overall, the export price, however, showed a slight slump. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 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 ($X per unit), while Israel ($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 (+5.9%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports in the Middle East

In 2022, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -24% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA totaled $X in 2022. Overall, imports saw a slight reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 17%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) was the major importer of electrical transformers with liquid dielectric, of power handling capacity under X kVA, committing 59% of total imports. Israel (X units) ranks second in terms of the total imports with a 12% share, followed by Iran (8.6%) and the United Arab Emirates (8.1%). The following importers - Iraq (X units), Saudi Arabia (X units) and Qatar (X units) - together made up 9.1% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with liquid dielectric, of power handling capacity under X kVA imports into Turkey stood at +5.9%. At the same time, Qatar (+30.2%), Iran (+23.8%), Iraq (+23.2%), the United Arab Emirates (+8.3%) and Israel (+6.8%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +30.2% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. Iran (+6.5 p.p.), Iraq (+3.1 p.p.) and Qatar (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Turkey saw its share reduced by -2.5% and -8.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA importing markets in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 57% share of total imports. Iraq, Israel, Iran and Qatar lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Iraq, with a CAGR of +11.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, with an increase of 33% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Saudi Arabia ($X per unit), while Iran ($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 (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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