India - Glass Electrical Insulators - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

India - Glass Electrical Insulators - Market Analysis, Forecast, Size, Trends And Insights

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Glass Electrical Insulator Price in India - 2023

Contents:

  1. Glass Electrical Insulator Price in India (FOB) - 2022
  2. Glass Electrical Insulator Price in India (CIF) - 2022
  3. Glass Electrical Insulator Exports in India
  4. Glass Electrical Insulator Imports in India

Glass Electrical Insulator Price in India (FOB) - 2022

In 2022, the average glass electrical insulator export price amounted to $16 per unit, declining by -24.9% against the previous year. In general, the export price, however, saw a mild expansion. The growth pace was the most rapid in 2015 when the average export price increased by 288%. As a result, the export price attained the peak level of $25 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($35 per unit), while the average price for exports to Saudi Arabia ($7.9 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 Myanmar (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Price in India (CIF) - 2022

The average glass electrical insulator import price stood at $5.6 per unit in 2022, reducing by -21.9% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 219%. The import price peaked at $18 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the Netherlands ($31 per unit), while the price for Poland ($2.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+27.7%), while the prices for the other major suppliers experienced a decline.

Glass Electrical Insulator Exports in India

Glass electrical insulator exports from India soared to 98K units in 2022, rising by 58% on the year before. Over the period under review, total exports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass electrical insulator exports surged to $1.6M in 2022. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked at $2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Glass Electrical Insulator in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium27621032440413.5%
Turkey19256.523.52509.2%
IranN/AN/AN/A1570%
Saudi Arabia14.151.991.9151120.4%
Kuwait0.5N/A62.9148566.4%
Brazil11014396.8102-2.5%
Bangladesh8656.526.753.6-60.4%
Canada56.989.787.733.7-16.0%
Nepal31.734.714.59.6-32.8%
United Arab Emirates91.743.852.3N/A-24.5%
Others336344541256-8.7%
Total1,9749801,3221,565-7.4%

Top Export Markets for Glass Electrical Insulator from India in 2022:

  1. Turkey (20.1K units)
  2. Saudi Arabia (19.1K units)
  3. Belgium (11.7K units)
  4. Iran (10.7K units)
  5. Brazil (7.5K units)
  6. Kuwait (6.5K units)
  7. Bangladesh (6.0K units)
  8. Nepal (4.4K units)
  9. Canada (0.7K units)

Glass Electrical Insulator Imports in India

For the fourth consecutive year, India recorded growth in purchases abroad of glass electrical insulators, which increased by 273% to 187K units in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass electrical insulator imports soared to $1M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Glass Electrical Insulator in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China64.786.620048796.0%
United States28.813.914.821796.0%
Netherlands1.617.620.797.7293.8%
Canada84.651.156.272.8-4.9%
PolandN/AN/AN/A11.80%
Others10595.867.716315.8%
Total2842653601,05054.6%

Top Suppliers of Glass Electrical Insulator to India in 2022:

  1. China (148.7K units)
  2. United States (18.6K units)
  3. Poland (4.2K units)
  4. Canada (4.1K units)
  5. Netherlands (3.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the glass electrical insulator 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 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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