Which Country Exports the Most Electrical Insulating Fittings in the World?

Wiring Devices May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Exports the Most Electrical Insulating Fittings in the World?

IndexBox has just published a new report "World: Electrical Insulating Fittings Of Plastics - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global electrical insulating fittings imports stood at 313K tonnes, descending by -13.8% against the previous year figure. In general, electrical insulating fittings imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when imports increased by 21% y-o-y. Global electrical insulating fittings import peaked of 363K tonnes in 2015, falling back in the following year.

In value terms, electrical insulating fittings imports totaled $5.1B in 2016. The total import value increased at an average annual rate of +2.5% over the period from 2007 to 2016- the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, global electrical insulating fittings imports attained its maximum level of $5.1B in 2014- afterwards, it flattened through to 2016.

Top Electrical Insulating Fittings Importing Countries in the World

1. China (622.5 million USD)

2. Germany (618.5 million USD)

3. Romania (289.1 million USD)

4. Czech Republic (231.2 million USD)

5. Tunisia (176.1 million USD)

6. Hungary (168.2 million USD)

7. Belgium (137.1 million USD)

8. India (135.8 million USD)

9. Italy (86.4 million USD)

10. Philippines (74.7 million USD)

11. Saudi Arabia (45.6 million USD)

12. Singapore (41.0 million USD)

Electrical Insulating Fittings Imports By Country

In 2016, Germany (28K tonnes), China (20K tonnes), the Philippines (20K tonnes), Czech Republic (19K tonnes), Romania (14K tonnes), Saudi Arabia (14K tonnes), Belgium (11K tonnes), Italy (10K tonnes), Hungary (10K tonnes), India (9.2K tonnes), Tunisia (8.7K tonnes), and Singapore (8.3K tonnes) were the main importers of electrical insulating fittings in the world, comprising 55% of total import.

From 2007 to 2016, the most notable growth rate of electrical insulating fittings imports, among the main importing countries, was attained by Tunisia (+16.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings markets worldwide were China ($623M), Germany ($619M) and Romania ($289M), with a combined 30% share of global imports. These countries were followed by Czech Republic, Tunisia, Hungary, Belgium, India, Italy, the Philippines, Saudi Arabia and Singapore, which together accounted for a further 22%.

Tunisia (+14.2% per year) had the highest rates of growth with regard to the electrical insulating fittings imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Electrical Insulating Fittings Import Prices By Country

The average electrical insulating fittings import price stood at $16 per kg in 2016, growing by 20% against the previous year. Over the last nine years it increased at an average annual rate of +2.1%.The most prominent rate of growth was recorded in 2016, when import price increased by 20% y-o-y. In that year, average electrical insulating fittings import price attained its maximum level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was China ($30 per kg), while Saudi Arabia ($3,379 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of electrical insulating fittings import prices was attained by India (+3.5% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global electrical insulating fittings market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • electrical insulating fittings market share
  • electrical insulating fittings prices
  • electrical insulating fittings industry
  • electrical insulating fittings sales
  • electrical insulating fittings import
  • electrical insulating fittings export
  • electrical insulating fittings market forecast
  • electrical insulating fittings price forecast
  • key electrical insulating fittings producers

All data provided in this article covers the following product: HS Code 8547 - Insulating fittings- for electrical machines, appliances, equipment, excluding insulators of heading no. 8546, electrical conduit tubing and joints therefore.

Source: World: Electrical Insulating Fittings Of Plastics - Market Report. Analysis and Forecast to 2025