Insulated electric conductors for a voltage over 1000 V Market

The global market for insulated electric conductors for a voltage over 1000 v is expected to see steady growth from 2022 to 2030, with consumption, production, imports, and exports all showing positive trends. Key countries such as China, Italy, the United States, and Germany are highlighted for their significant roles in the market. The article provides detailed insights into growth rates, per capita consumption, market values, and price trends, offering a comprehensive overview of the market dynamics.

Market Forecast

Driven by increasing demand for insulated electric conductors for a voltage over 1000 v worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 7.5M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $63.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Insulated electric conductors for a voltage over 1000 V

In 2022, the amount of insulated electric conductors for a voltage over 1000 v consumed worldwide was estimated at 6.8M tons, increasing by 10% on the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak volume of 7.6M tons. From 2018 to 2022, the growth of the global consumption of remained at a somewhat lower figure.

The value of the market for insulated electric conductors for a voltage over 1000 v worldwide rose sharply to $48B in 2022, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $49.6B. From 2018 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.3M tons), Italy (774K tons) and the United States (653K tons), with a combined 41% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of v, amongst the main consuming countries, was attained by Italy (with a CAGR of +15.5%), while v for the other global leaders experienced more modest paces of growth.

In value terms, the largest insulated electric conductors for a voltage over 1000 v markets worldwide were China ($7.1B), the United States ($6.4B) and Italy ($5.7B), with a combined 40% share of the global market.

In terms of the main consuming countries, Italy, with a CAGR of +13.6%, saw the highest growth rate of market size over the period under review, while v for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of per capita consumption of insulated electric conductors for a voltage over 1000 v was registered in Italy (13 kg per person), followed by Canada (3.4 kg per person), Germany (2 kg per person) and the United States (1.9 kg per person), while the world average per capita consumption of insulated electric conductors for a voltage over 1000 v was estimated at 0.9 kg per person.

In Italy, per capita consumption of insulated electric conductors for a voltage over 1000 v expanded at an average annual rate of +15.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (+4.8% per year) and Germany (+9.2% per year).

Production

World Production of Insulated electric conductors for a voltage over 1000 V

In 2022, global production of insulated electric conductors for a voltage over 1000 v reached 6.8M tons, picking up by 9.2% on the previous year's figure. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. As a result, production reached the peak volume of 7.7M tons. From 2018 to 2022, global production of growth remained at a somewhat lower figure.

In value terms, production of insulated electric conductors for a voltage over 1000 v declined to $43.7B in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, global production of attained the peak level at $54B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (1.6M tons), Italy (801K tons) and India (604K tons), together comprising 44% of global production.

From 2012 to 2022, the most notable rate of growth in terms of v, amongst the main producing countries, was attained by Italy (with a CAGR of +15.6%), while v for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Insulated electric conductors for a voltage over 1000 V

In 2022, approx. 1.3M tons of insulated electric conductors for a voltage over 1000 v were imported worldwide; picking up by 14% on 2021 figures. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of insulated electric conductors for a voltage over 1000 v surged to $9.3B in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, the United States (190K tons) and Germany (157K tons) represented the major importers of insulated electric conductors for a voltage over 1000 varound the world, together mixing up 26% of total imports. It was distantly followed by the UK (62K tons), creating a 4.7% share of total imports. Belgium (45K tons), Canada (42K tons), Iraq (40K tons), Australia (36K tons), the Netherlands (36K tons), Poland (32K tons), Spain (32K tons), the United Arab Emirates (25K tons), France (25K tons) and Thailand (25K tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +15.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.3B), Germany ($1.1B) and the UK ($550M) constituted the countries with the highest levels of imports in 2022, together comprising 32% of global imports. Australia, Canada, the Netherlands, Belgium, Iraq, Poland, Spain, France, the United Arab Emirates and Thailand lagged somewhat behind, together comprising a further 22%.

Australia, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for insulated electric conductors for a voltage over 1000 v stood at $7,005 per ton in 2022, picking up by 2.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Global import price peaked at $7,404 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($8,922 per ton), while Belgium ($4,451 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Insulated electric conductors for a voltage over 1000 V

In 2022, overseas shipments of insulated electric conductors for a voltage over 1000 v increased by 10% to 1.3M tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, the global exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, exports of insulated electric conductors for a voltage over 1000 v expanded notably to $10B in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. Over the period under review, the global exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports By Country

In 2022, China (274K tons), distantly followed by South Korea (96K tons), Turkey (64K tons), Germany (63K tons) and Sweden (62K tons) were the major exporters of insulated electric conductors for a voltage over 1000 v, together committing 42% of total exports. The United States (60K tons), Poland (58K tons), Italy (46K tons), Greece (42K tons), the Netherlands (39K tons), India (39K tons), France (37K tons) and Romania (36K tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to insulated electric conductors for a voltage over 1000 v exports from China stood at +14.6%. At the same time, the Netherlands (+19.7%), Italy (+9.7%), Sweden (+6.2%), Greece (+5.1%), Turkey (+4.9%), Poland (+4.6%), India (+2.2%) and Romania (+1.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.7% from 2012-2022. France and South Korea experienced a relatively flat trend pattern. By contrast, Germany (-1.8%) and the United States (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Netherlands and Italy increased by +13, +2.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.7B) remains the largest insulated electric conductors for a voltage over 1000 v supplier worldwide, comprising 17% of global exports. The second position in the ranking was taken by the United States ($731M), with a 7.3% share of global exports. It was followed by South Korea, with a 6.8% share.

In China, exports of insulated electric conductors for a voltage over 1000 v expanded at an average annual rate of +15.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-2.2% per year) and South Korea (-0.9% per year).

Export Prices By Country

In 2022, the average export price for insulated electric conductors for a voltage over 1000 v amounted to $7,490 per ton, picking up by 3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($12,235 per ton), while Turkey ($5,295 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform