Report Update: Apr 1, 2024

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

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Electrical Insulating Fittings Price in Turkey - 2023

Electrical Insulating Fittings Price in Turkey (CIF) - 2023

The average electrical insulating fittings import price stood at $30,883 per ton in September 2023, which is down by -5.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 7.9% month-to-month. As a result, import price reached the peak level of $32,737 per ton, and then contracted in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($65,980 per ton), while the price for Vietnam ($21,047 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 Belgium (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in Turkey (FOB) - 2023

In September 2023, the average electrical insulating fittings export price amounted to $11,276 per ton, falling by -18.6% against the previous month. Over the period under review, the export price showed a perceptible decrease. The growth pace was the most rapid in April 2023 an increase of 27% m-o-m. The export price peaked at $14,383 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($75,326 per ton), while the average price for exports to Ireland ($4,351 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 Egypt (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports in Turkey

In 2022, approx. 4.7K tons of electrical insulating fittings of plastics were imported into Turkey; surging by 17% on 2021 figures. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical insulating fittings imports expanded significantly to $147M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Electrical Insulating Fittings in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	19.6	19.9	27.8	29.8	15.0%
Germany	16.6	14.9	19.1	22.1	10.0%
Italy	10.9	11.9	13.5	12.8	5.5%
China	6.5	7.0	9.3	12.3	23.7%
South Korea	4.0	7.8	11.5	10.8	39.2%
Belgium	3.2	3.1	4.7	8.8	40.1%
Hungary	6.7	6.3	7.5	7.1	2.0%
Thailand	2.5	2.7	4.3	6.7	38.9%
Mexico	2.5	2.9	3.6	4.7	23.4%
France	6.6	5.2	5.3	4.7	-10.7%
Vietnam	2.0	2.3	3.2	4.5	31.0%
Czech Republic	2.6	2.0	2.7	3.5	10.4%
Spain	2.0	1.9	1.6	1.8	-3.5%
Others	12.6	13.5	17.3	17.3	11.1%
Total	98.4	101	131	147	14.3%

Top Suppliers of Electrical Insulating Fittings to Turkey in 2022:

Japan (996.2 tons)
Germany (670.1 tons)
South Korea (398.8 tons)
Italy (395.6 tons)
China (366.7 tons)
Thailand (288.6 tons)
Belgium (219.8 tons)
Hungary (213.9 tons)
France (175.9 tons)
Vietnam (171.1 tons)
Spain (93.3 tons)
Mexico (92.9 tons)
Czech Republic (87.6 tons)

Electrical Insulating Fittings Exports in Turkey

In 2022, the amount of electrical insulating fittings of plastics exported from Turkey dropped to 1.2K tons, with a decrease of -8.4% compared with the previous year's figure. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year.

In value terms, electrical insulating fittings exports rose to $15M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +66.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 59%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Electrical Insulating Fittings in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	1,574	2,160	3,791	2,548	17.4%
Russia	10.0	115	128	1,442	424.4%
Spain	417	519	1,411	1,111	38.6%
Egypt	649	509	837	1,030	16.6%
France	543	621	870	837	15.5%
Romania	647	912	722	762	5.6%
Bulgaria	3,404	195	444	625	-43.2%
Poland	193	343	639	594	45.5%
India	494	349	324	537	2.8%
Germany	186	210	273	483	37.4%
Iraq	636	243	430	309	-21.4%
United Kingdom	178	168	273	182	0.7%
Greece	78.1	52.9	70.7	104	10.0%
Others	2,566	2,727	4,262	4,614	21.6%
Total	11,574	9,123	14,474	15,179	9.5%

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

Egypt (172.4 tons)
Spain (143.2 tons)
Russia (87.8 tons)
Romania (86.4 tons)
Poland (79.7 tons)
South Korea (69.0 tons)
Germany (62.2 tons)
Iraq (42.0 tons)
France (33.9 tons)
India (33.5 tons)
United Kingdom (28.7 tons)
Bulgaria (28.5 tons)
Greece (26.8 tons)

Source: IndexBox Market Intelligence Platform

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

Product coverage:

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

Country coverage:

Turkey

Data coverage:

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