United Arab Emirates: Electrical Transformer Market 2024

Electrical Transformer Market Size in the United Arab Emirates

The electrical transformer market in the United Arab Emirates surged to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated resilient growth 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Transformer Production in the United Arab Emirates

In value terms, electrical transformer production surged to $X in 2022 estimated in export price. Overall, production saw strong growth. 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 from the United Arab Emirates

After two years of growth, shipments abroad of electrical transformers decreased by X% to X units in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, electrical transformer exports skyrocketed to $X in 2022. In general, exports showed a abrupt decline. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X units) was the main destination for electrical transformer exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, electrical transformer exports to Zimbabwe exceeded the volume sent to the second major destination, Bahrain (X units), sixfold. The third position in this ranking was taken by Georgia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Georgia (X% per year).

In value terms, the largest markets for electrical transformer exported from the United Arab Emirates were Egypt ($X), Oman ($X) and Saudi Arabia ($X), together comprising X% of total exports. Bahrain, Mozambique, India, Ukraine, Zimbabwe, Kenya, Tanzania, Georgia, Poland and Maldives lagged somewhat behind, together accounting for a further X%.

Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Georgia ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of electrical transformers decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped markedly in the following year.

In value terms, electrical transformer imports soared to $X in 2022. Overall, imports continue to indicate a pronounced descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to the United Arab Emirates, with a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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