Oman: 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 Oman

The Omani market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, picking up by 46% against the previous year. In general, consumption continues to indicate a tangible increase. 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.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Oman

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

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

Exports from Oman

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Oman contracted rapidly to X units, reducing by -32.5% compared with 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 493% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank significantly to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 3,077%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

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 Oman, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -7.5%.

In value terms, Kuwait ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Oman, comprising 81% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Qatar, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait amounted to +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+58.8% per year) and Qatar (+36.1% 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, approximately reflecting the previous year. In general, the export price posted significant growth. The pace of growth was the most pronounced in 2019 an increase of 436%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +21.6% per year.

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

Imports into Oman

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 Oman; surging by 4.3% compared with the previous year's figure. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 13,867% against the previous year. As a result, imports reached 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. In general, imports showed temperate growth. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Oman, with a 27% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Spain exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The UK (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.1% per year) and the UK (+30.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Oman, comprising 32% of total imports. The second position in the ranking was taken by the UK ($X), with a 12% share of total imports. It was followed by Malaysia, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.5% per year) and Malaysia (+41.1% 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, picking up by 381% against the previous year. Overall, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 2,994% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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