Germany Ranks First Globally in Exports of Electrical Insulating Fittings of Plastics, with $806M in 2014

Wiring Devices August 16, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

Germany continued its dominance in the global electrical insulating plastic fittings trade. In 2014, Germany exported 27.3 thousand tonnes of electrical insulating plastic fittings totaling 806 million USD, 12% over the previous year. Its primary trading partner was Romania, where it supplied 12.4% of its total electrical insulating plastic fitting exports in value terms, accounting for 33.2% of Romania's total imports.

From 2007 to 2014, Germany was a net exporter of electrical insulating fittings of plastics. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.

Japan and Hungary were among the other main global suppliers of electrical insulating fittings of plastics in 2014. However, the fastest growing exporters from 2007 to 2014 were Belgium (+23.0% per year) and the Netherlands (+12.6% per year). Belgium, by virtue of this rapid growth, was able to significantly strengthen its position in the global export structure.

Germany's top 5 trading partners in 2014 were Romania, Hungary, China, the Czech Republic and Poland, with a combined 44.6% share of Germany's electrical insulating plastic fitting exports. The share of China increased (+5.0 percentage points), while the share of the Czech Republic illustrated negative dynamics (-2.5 percentage points).

Source: World: Electrical Insulating Fittings Of Plastics - Market Report. Analysis and Forecast to 2020