Report Update: May 1, 2024

Belarus - Insulating Fittings For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights

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Insulating Fittings Price in Belarus - 2022

Insulating Fittings Price in Belarus (CIF) - 2022

In 2022, the average insulating fittings import price amounted to $23,602 per ton, dropping by -9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 61% against the previous year. The import price peaked at $30,032 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($65,192 per ton), while the price for Bulgaria ($5,860 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Insulating Fittings Price in Belarus (FOB) - 2022

In 2022, the average insulating fittings export price amounted to $51,980 per ton, leveling off at the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 131% against the previous year. The export price peaked at $70,131 per ton in 2012; however, from 2013 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 Ukraine ($65,018 per ton), while the average price for exports to Kazakhstan ($36,877 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 Ukraine (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports in Belarus

In 2022, approx. 70 tons of insulating fittings for electrical purposes were imported into Belarus; jumping by 116% against 2021. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, insulating fittings imports soared to $1.6M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Insulating Fittings in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	220	184	437	651	43.6%
China	111	608	46.6	372	49.6%
Bulgaria	55.8	172	130	194	51.5%
Switzerland	169	37.2	31.0	115	-12.0%
Poland	33.4	104	68.2	102	45.1%
Italy	112	5.4	2.5	58.4	-19.5%
Ukraine	11.8	16.5	24.0	35.7	44.6%
Others	49.7	66.1	99.0	118	33.4%
Total	762	1,192	839	1,646	29.3%

Top Suppliers of Insulating Fittings to Belarus in 2022:

Bulgaria (33.1 tons)
Russia (13.7 tons)
China (12.5 tons)
Ukraine (2.9 tons)
Italy (2.6 tons)
Poland (2.0 tons)
Switzerland (1.8 tons)

Insulating Fittings Exports in Belarus

In 2022, approx. 1.6 tons of insulating fittings for electrical purposes were exported from Belarus; with a decrease of -53.3% against 2021 figures. In general, exports showed a dramatic contraction. The smallest decline of -4.3% was in 2021.

In value terms, insulating fittings exports fell markedly to $84K in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $190K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Insulating Fittings in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	38.1	91.6	90.0	42.2	3.5%
Kazakhstan	66.7	37.7	1.2	16.2	-37.6%
Ukraine	4.4	12.3	32.2	15.1	50.8%
Bulgaria	5.1	43.4	13.7	9.6	23.5%
Bosnia and Herzegovina	1.2	4.5	0.3	0.9	-9.1%
Latvia	N/A	N/A	39.5	N/A	0%
Serbia	1.2	N/A	N/A	N/A	0%
Others	1.9	0.3	1.4	N/A	-14.2%
Total	119	190	178	84.0	-11.0%

Top Export Markets for Insulating Fittings from Belarus in 2022:

Russia (754.0 kg)
Kazakhstan (441.0 kg)
Ukraine (232.0 kg)
Bulgaria (167.0 kg)
Bosnia and Herzegovina (23.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insulating fittings market in Belarus. 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 27901280 - Insulating fittings for electrical purposes, of materials other than ceramics or plastics, electrical conduit tubing and joints therefor, of base metal lined with insulating material

Country coverage:

Belarus

Data coverage:

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