Oman: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2024

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

The Omani market for electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank significantly to $X in 2023, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

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

Exports from Oman

In 2023, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Oman soared to X units, rising by X% compared with 2022 figures. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2023 and are likely to see gradual growth in the near future.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA reduced markedly to $X in 2023. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

Qatar (X units), Yemen (X units) and Belgium (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Oman, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Oman, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Oman

In 2023, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA into Oman contracted notably to X units, which is down by X% compared with 2022. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports of attained the peak figure at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank rapidly to $X in 2023. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2022 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Oman, accounting for a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X units), with an X% share.

From 2012 to 2023, 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: Japan (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA suppliers to Oman were Japan ($X), China ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw 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

The average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2023, increasing by X% against the previous year. In general, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform