Price for Electrical Insulators of Any Material in Slovakia - 2023

Price for Electrical Insulators of Any Material in Slovakia (FOB) - 2023

In October 2023, the average export price for electrical insulators of any materials amounted to $500 per thousand units, surging by 1.8% against the previous month. Over the period under review, export price indicated a temperate increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, electrical insulators of any material export price increased by +8.0% against August 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 44% against the previous month. The export price peaked at $524 per thousand units in July 2023; however, from August 2023 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1.9 per unit), while the average price for exports to the United States stood at $387 per thousand units.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Slovakia (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $0.4 per unit, with a decrease of -21.5% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 79% against the previous year. As a result, import price reached the peak level of $1.1 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1.3 per unit), while the price for Poland ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electrical Insulators of Any Material in Slovakia

In 2022, overseas shipments of electrical insulators of any materials decreased by -11.3% to 62M units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 71M units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical insulators of any material exports totaled $21M in 2022. The total export value increased at an average annual rate of +12.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 44%. As a result, the exports reached the peak of $21M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Electrical Insulators of Any Material in Slovakia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.3	5.8	4.2	6.9	9.2%
Czech Republic	0.4	4.1	4.8	4.3	120.7%
Italy	3.1	4.5	3.0	2.6	-5.7%
Germany	1.0	0.7	1.0	1.2	6.3%
Austria	1.1	0.9	1.9	0.7	-14.0%
Sweden	0.3	0.4	0.7	0.5	18.6%
Canada	0.7	0.5	1.6	0.4	-17.0%
Poland	0.3	0.2	0.3	0.4	10.1%
United Kingdom	0.1	1.3	N/A	0.3	44.2%
France	0.8	0.5	0.9	0.2	-37.0%
Others	1.5	2.0	2.2	3.4	31.4%
Total	14.6	21.0	20.6	20.8	12.5%

Top Export Markets for Electrical Insulators of Any Material from Slovakia in 2022:

United States (24.0M units)
Czech Republic (8.8M units)
Italy (8.7M units)
Germany (3.8M units)
Austria (1.7M units)
Canada (1.6M units)
Poland (1.5M units)
Sweden (1.3M units)
United Kingdom (1.0M units)
France (0.6M units)

Imports of Electrical Insulators of Any Material in Slovakia

In 2022, approx. 12M units of electrical insulators of any materials were imported into Slovakia; rising by 23% on 2021 figures. Over the period under review, imports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of 16M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical insulators of any material imports dropped to $4.7M in 2022. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. As a result, imports reached the peak of $6.8M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Electrical Insulators of Any Material in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	754	1,002	1,003	853	4.2%
Italy	540	603	519	760	12.1%
Czech Republic	1,099	3,026	1,259	726	-12.9%
Germany	428	292	346	592	11.4%
Poland	41.7	32.2	15.5	590	141.9%
China	83.0	172	194	299	53.3%
Austria	164	155	116	104	-14.1%
Romania	1,131	592	655	84.4	-57.9%
Others	1,246	944	753	685	-18.1%
Total	5,486	6,818	4,860	4,694	-5.1%