Report Update: Apr 1, 2024

Hong Kong SAR, China - Electrical Insulators - Market Analysis, Forecast, Size, Trends And Insights

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Electrical Insulator Price in Hong Kong SAR - 2023

Electrical Insulator Price in Hong Kong SAR (FOB) - 2022

In 2022, the average electrical insulator export price amounted to $1,876 per unit, increasing by 12% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 69%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($3,152 per unit), while the average price for exports to China ($1,432 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Price in Hong Kong SAR (CIF) - 2022

In 2022, the average electrical insulator import price amounted to $440 per unit, falling by -43.5% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 24%. The import price peaked at $1,353 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($979 per unit), while the price for the United States ($279 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Electrical Insulator Exports in Hong Kong SAR

In 2022, the amount of electrical insulators exported from Hong Kong SAR plummeted to 6.9K units, waning by -39.4% on the previous year. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum at 20K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electrical insulator exports shrank notably to $13M in 2022. Over the period under review, exports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 11%. The exports peaked at $37M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Electrical Insulator in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	18.6	8.3	11.4	5.6	-33.0%
India	0.6	0.5	0.7	1.9	46.8%
Thailand	1.0	0.8	1.8	1.5	14.5%
Belgium	0.6	0.3	0.7	1.0	18.6%
Philippines	7.9	2.5	2.1	0.9	-51.5%
United States	3.3	1.9	1.1	0.6	-43.3%
Germany	1.2	1.2	0.6	0.4	-30.7%
Taiwan (Chinese)	1.4	0.3	0.1	0.3	-40.2%
Malaysia	1.0	0.2	0.1	0.3	-33.1%
Others	1.3	1.0	0.5	0.4	-32.5%
Total	36.9	17.1	19.0	12.9	-29.6%

Top Export Markets for Electrical Insulator from Hong Kong SAR in 2022:

China (3885.0 units)
India (784.0 units)
Thailand (488.0 units)
Belgium (454.0 units)
Philippines (409.0 units)
United States (251.0 units)
Germany (168.0 units)
Taiwan (Chinese) (134.0 units)
Malaysia (118.0 units)

Electrical Insulator Imports in Hong Kong SAR

In 2022, approx. 12K units of electrical insulators were imported into Hong Kong SAR; which is down by -31% on the previous year. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Imports peaked at 18K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical insulator imports declined markedly to $5.4M in 2022. Over the period under review, imports faced a significant contraction. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at $15M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Electrical Insulator in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.3	4.7	2.9	2.1	-30.7%
Japan	0.7	0.8	2.7	1.4	26.0%
United Kingdom	0.2	0.2	0.2	1.0	71.0%
United States	5.3	3.1	0.8	0.5	-54.5%
Taiwan (Chinese)	0.1	N/A	0.2	0.1	0.0%
Germany	0.3	0.2	6.7	0.1	-30.7%
Philippines	2.4	0.5	N/A	N/A	-79.2%
Others	0.2	0.2	0.5	0.2	0.0%
Total	15.5	9.7	13.9	5.4	-29.6%

Top Suppliers of Electrical Insulator to Hong Kong SAR in 2022:

Philippines (undefinedK units)
Germany (undefinedK units)
Japan (4.4K units)
United Kingdom (3.3K units)
China (2.2K units)
United States (1.7K units)
Taiwan (Chinese) (0.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulator market in Hong Kong SAR, China. 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 27901230 - Electrical insulators (excluding of glass or ceramics)
Prodcom 23431030 - Electrical insulators of ceramics (excluding insulating fittings)
Prodcom 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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