Report Update: Apr 1, 2024

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

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Electrical Insulating Fittings Price in the UK - 2023

Electrical Insulating Fittings Price in the UK (CIF) - 2022

In 2022, the average electrical insulating fittings import price amounted to $19,870 per ton, declining by -2.1% against the previous year. Overall, the import price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 32%. As a result, import price reached the peak level of $20,295 per ton, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($73,552 per ton), while the price for Poland ($5,967 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in the UK (FOB) - 2022

In 2022, the average electrical insulating fittings export price amounted to $24,848 per ton, increasing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 when the average export price increased by 25%. The export price peaked at $25,678 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($87,498 per ton), while the average price for exports to Ireland ($4,831 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports in the UK

In 2022, purchases abroad of electrical insulating fittings of plastics increased by 17% to 1.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a deep slump.

In value terms, electrical insulating fittings imports rose rapidly to $38M in 2022. Overall, imports, however, saw a relatively flat trend pattern.

Import of Electrical Insulating Fittings in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.1	2.7	4.7	8.4	39.4%
Germany	8.1	7.0	8.9	5.0	-14.9%
United States	1.8	0.9	3.3	4.9	39.6%
Mexico	0.5	N/A	0.1	2.7	75.4%
France	1.2	2.8	2.0	2.3	24.2%
Malaysia	0.6	0.3	1.4	2.0	49.4%
Hungary	1.2	0.5	1.1	1.3	2.7%
Italy	10.5	9.6	1.3	1.2	-51.5%
India	1.2	0.6	1.1	1.1	-2.9%
Poland	0.3	0.6	0.2	0.8	38.7%
Czech Republic	2.2	1.2	2.5	0.5	-39.0%
South Korea	0.1	N/A	0.2	0.5	71.0%
Netherlands	1.3	1.3	2.2	0.2	-46.4%
Others	6.2	3.5	4.4	7.1	4.6%
Total	38.4	31.2	33.1	38.1	-0.3%

Top Suppliers of Electrical Insulating Fittings to the UK in 2022:

China (589.4 tons)
United States (276.4 tons)
Germany (206.4 tons)
Italy (139.8 tons)
Poland (126.4 tons)
Malaysia (91.9 tons)
Mexico (74.7 tons)
India (60.6 tons)
South Korea (33.4 tons)
Hungary (31.4 tons)
France (30.8 tons)
Netherlands (21.2 tons)
Czech Republic (12.2 tons)

Electrical Insulating Fittings Exports in the UK

For the third consecutive year, the UK recorded decline in overseas shipments of electrical insulating fittings of plastics, which decreased by -11.9% to 674 tons in 2022. Over the period under review, exports recorded a deep setback. The smallest decline of -9.5% was in 2021.

In value terms, electrical insulating fittings exports expanded to $17M in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.

Export of Electrical Insulating Fittings in the UK (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,036	800	3,830	3,529	50.5%
Germany	2,445	1,865	1,544	2,201	-3.4%
India	1,345	683	624	1,364	0.5%
United States	729	225	1,342	1,246	19.6%
South Korea	630	642	735	719	4.5%
Ireland	1,412	1,072	1,391	603	-24.7%
Poland	822	465	270	420	-20.1%
United Arab Emirates	1,027	554	685	286	-34.7%
Italy	450	751	248	285	-14.1%
Bangladesh	5.9	2.6	107	282	262.9%
France	802	702	172	251	-32.1%
Czech Republic	1,088	175	230	235	-40.0%
Algeria	829	208	N/A	8.7	-78.1%
Others	10,762	6,006	4,861	5,320	-20.9%
Total	23,381	14,150	16,040	16,751	-10.5%

Top Export Markets for Electrical Insulating Fittings from the UK in 2022:

Germany (226.7 tons)
Ireland (124.9 tons)
China (40.3 tons)
United States (28.8 tons)
United Arab Emirates (28.1 tons)
France (16.9 tons)
Poland (16.7 tons)
India (16.4 tons)
Bangladesh (14.8 tons)
South Korea (11.3 tons)
Italy (10.6 tons)
Czech Republic (9.9 tons)
Algeria (0.1 tons)

Source: IndexBox Market Intelligence Platform

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

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
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