MENA: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in MENA

The MENA's market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA rose rapidly to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, posted a prominent expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in MENA

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X in 2023 estimated in export price. Overall, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports in MENA

In 2023, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded slightly to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X units) was the largest exporter of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, committing X% of total exports. Oman (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%), Morocco (X%) and Lebanon (X%). The United Arab Emirates (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA. At the same time, Morocco (X%), Egypt (X%), Oman (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Lebanon (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Oman, Egypt and Morocco increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

In Turkey, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports in MENA

In 2023, the amount of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imported in MENA contracted notably to X units, reducing by X% compared with the previous year. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA declined to $X in 2023. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Qatar dominates kVA structure, amounting to X units, which was near X% of total imports in 2023. The following importers - the United Arab Emirates (X units) and Egypt (X units) - each resulted at a X% share of total imports.

Qatar was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity over X kVA imports, with a CAGR of X% from 2012 to 2023. At the same time, Egypt (X%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Egypt ($X) and Qatar ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Egypt, with a CAGR of X%, 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 a decline in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform