
Turkey - Electrical Insulators Of Ceramics - Market Analysis, Forecast, Size, Trends And Insights
Ceramic Electrical Insulator Price in Turkey Grows Markedly to $1.9 per Unit
Turkey Ceramic Electrical Insulator Import Price in September 2022
In September 2022, the ceramic electrical insulator price amounted to $1.9 per unit (CIF, Turkey), with an increase of 14% against the previous month. Over the period under review, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in March 2022 an increase of 42% month-to-month. As a result, import price reached the peak level of $2.4 per unit. From April 2022 to September 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Italy ($16.3 per unit), while the price for India ($0.7 per unit) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Turkey Ceramic Electrical Insulator Imports
Ceramic electrical insulator imports into Turkey fell markedly to 433K units in September 2022, waning by -22.2% on the previous month's figure. Over the period under review, imports recorded a slight curtailment. The pace of growth appeared the most rapid in June 2022 when imports increased by 85% m-o-m. Imports peaked at 741K units in February 2022; however, from March 2022 to September 2022, imports remained at a lower figure.
In value terms, ceramic electrical insulator imports shrank to $840K (IndexBox estimates) in September 2022. Overall, imports recorded a perceptible slump. The pace of growth was the most pronounced in June 2022 when imports increased by 85% m-o-m. As a result, imports reached the peak of $1.4M. From July 2022 to September 2022, the growth of imports remained at a somewhat lower figure.
Turkey Ceramic Electrical Insulator Imports by Country
In September 2022, China (234K units) constituted the largest supplier of ceramic electrical insulator to Turkey, accounting for a 54% share of total imports. Moreover, ceramic electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, India (93K units), threefold. Romania (38K units) ranked third in terms of total imports with an 8.9% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from China stood at +1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-4.2% per month) and Romania (+28.8% per month).
In value terms, China ($248K) constituted the largest supplier of ceramic electrical insulator to Turkey, comprising 30% of total imports. The second position in the ranking was taken by India ($69K), with an 8.2% share of total imports. It was followed by Sweden, with an 8.2% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from China amounted to +1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-4.6% per month) and Sweden (-9.3% per month).
This report provides an in-depth analysis of the ceramic electrical insulator market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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