Report Update: May 1, 2024

India - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Electrical Insulating Fittings Price in India - 2023

Electrical Insulating Fittings Price in India (CIF) - 2023

The average electrical insulating fittings import price stood at $23,482 per ton in September 2023, standing approximately at the previous month. Over the period under review, the import price enjoyed a pronounced expansion. The pace of growth was the most pronounced in January 2023 when the average import price increased by 190% month-to-month. Over the period under review, average import prices hit record highs at $30,233 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Singapore ($51,845 per ton), while the price for the Netherlands ($1,355 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Singapore (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in India (FOB) - 2023

The average electrical insulating fittings export price stood at $12,815 per ton in September 2023, flattening at the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 15% m-o-m. Over the period under review, the average export prices attained the peak figure at $15,133 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was China ($54,652 per ton), while the average price for exports to Ireland ($6,735 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports in India

For the fourth consecutive year, India recorded growth in supplies from abroad of electrical insulating fittings of plastics, which increased by 21% to 12K tons in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 83%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, electrical insulating fittings imports reduced to $162M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of $174M, and then fell in the following year.

Import of Electrical Insulating Fittings in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	27.4	34.0	46.3	44.5	17.5%
Japan	31.9	30.8	47.3	40.0	7.8%
Singapore	9.1	10.7	15.3	14.3	16.3%
China	6.0	5.8	9.6	10.5	20.5%
Thailand	2.2	5.7	8.8	9.7	64.0%
Germany	5.3	5.1	9.3	8.7	18.0%
United States	6.4	6.0	7.8	4.6	-10.4%
Others	21.6	16.7	29.4	29.5	10.9%
Total	110	115	174	162	13.8%

Top Suppliers of Electrical Insulating Fittings to India in 2022:

Japan (4.9K tons)
South Korea (2.1K tons)
Singapore (1.1K tons)
Thailand (1.0K tons)
China (0.7K tons)
United States (0.4K tons)
Germany (0.4K tons)

Electrical Insulating Fittings Exports in India

Electrical insulating fittings exports from India skyrocketed to 1.5K tons in 2022, picking up by 17% against the previous year's figure. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulating fittings exports soared to $20M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Electrical Insulating Fittings in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	0.2	0.3	1.5	4.4	180.2%
United Arab Emirates	4.2	4.2	4.7	4.4	1.6%
Kuwait	0.3	0.8	1.7	1.8	81.7%
United States	1.4	0.8	1.2	1.7	6.7%
Germany	0.8	0.7	1.0	0.8	0.0%
Indonesia	N/A	N/A	0.4	0.7	75.0%
Malaysia	1.2	0.9	0.6	0.7	-16.4%
Thailand	0.9	0.8	0.9	0.7	-8.0%
France	0.6	0.2	0.3	0.6	0.0%
United Kingdom	1.0	0.6	0.9	0.6	-15.7%
Belgium	N/A	0.4	0.9	0.5	11.8%
Others	2.1	1.4	2.3	3.1	13.9%
Total	12.6	11.2	16.4	19.9	16.5%

Top Export Markets for Electrical Insulating Fittings from India in 2022:

Saudi Arabia (450.9 tons)
United Arab Emirates (367.9 tons)
Kuwait (213.1 tons)
Malaysia (68.9 tons)
United States (64.7 tons)
Germany (52.9 tons)
United Kingdom (37.4 tons)
Indonesia (35.3 tons)
Thailand (31.3 tons)
Belgium (31.1 tons)
France (26.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulating fittings market in India. 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.

Product coverage:

Prodcom 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023