China - Insulating Fittings For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

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

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Insulating Fittings Price in China - 2023

Contents:

  1. Insulating Fittings Price in China (FOB) - 2023
  2. Insulating Fittings Price in China (CIF) - 2023
  3. Insulating Fittings Exports in China
  4. Insulating Fittings Imports in China

Insulating Fittings Price in China (FOB) - 2023

In June 2023, the average insulating fittings export price amounted to $5,199 per ton, waning by -8.2% against the previous month. Over the period under review, the export price showed a mild slump. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 66% month-to-month. As a result, the export price attained the peak level of $9,759 per ton. From March 2023 to June 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was South Korea ($11,798 per ton), while the average price for exports to the Dominican Republic ($799 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Price in China (CIF) - 2023

The average insulating fittings import price stood at $68,454 per ton in June 2023, which is down by -18.1% against the previous month. In general, the import price showed a mild decline. The pace of growth was the most pronounced in February 2023 when the average import price increased by 51% m-o-m. As a result, import price reached the peak level of $120K per ton. From March 2023 to June 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Switzerland ($224K per ton), while the price for France ($7,450 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Insulating Fittings Exports in China

In 2022, the amount of insulating fittings for electrical purposes exported from China soared to 55K tons, with an increase of 39% on the previous year. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, insulating fittings exports skyrocketed to $397M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +51.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 24%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Insulating Fittings in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States54.368.090.412732.7%
Japan25.931.231.421.5-6.0%
Canada1.82.05.419.5121.3%
South Korea6.79.917.715.732.8%
Germany9.39.012.615.217.8%
Russia14.97.68.29.0-15.5%
Poland3.42.75.97.731.3%
Egypt0.80.82.43.868.1%
Netherlands3.61.92.83.3-2.9%
Peru0.90.71.23.354.2%
Chile1.51.32.03.228.7%
Turkey1.31.31.92.626.0%
Colombia0.81.31.42.035.7%
Others1371391591636.0%
Total26227634239714.9%

Top Export Markets for Insulating Fittings from China in 2022:

  1. United States (13.6K tons)
  2. Germany (3.6K tons)
  3. Canada (2.8K tons)
  4. Egypt (2.5K tons)
  5. Poland (2.4K tons)
  6. Japan (1.5K tons)
  7. South Korea (1.5K tons)
  8. Russia (1.4K tons)
  9. Netherlands (1.3K tons)
  10. Colombia (1.3K tons)
  11. Turkey (1.2K tons)
  12. Peru (1.2K tons)
  13. Chile (1.1K tons)

Insulating Fittings Imports in China

Insulating fittings imports into China expanded remarkably to 1.5K tons in 2022, with an increase of 7.2% against 2021 figures. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, insulating fittings imports rose remarkably to $92M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, imports attained the peak of $98M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Insulating Fittings in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan20.423.029.327.710.7%
South Korea4.610.713.012.238.4%
Switzerland15.113.99.111.1-9.7%
Germany17.118.98.210.1-16.1%
United States9.74.44.49.1-2.1%
Sweden5.115.37.27.212.2%
SloveniaN/AN/A2.22.49.1%
Belgium0.61.01.42.151.8%
France2.21.82.12.0-3.1%
United Kingdom2.60.71.81.9-9.9%
Taiwan (Chinese)1.00.71.01.26.3%
Italy1.22.01.41.0-5.9%
Others4.35.94.43.7-4.9%
Total84.098.485.591.73.0%

Top Suppliers of Insulating Fittings to China in 2022:

  1. Sweden (259.9 tons)
  2. Japan (256.3 tons)
  3. France (186.4 tons)
  4. United States (186.3 tons)
  5. Germany (131.6 tons)
  6. Switzerland (98.1 tons)
  7. South Korea (81.7 tons)
  8. Slovenia (68.3 tons)
  9. Belgium (47.5 tons)
  10. United Kingdom (32.7 tons)
  11. Italy (23.5 tons)
  12. Taiwan (Chinese) (20.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insulating fittings market in 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 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:

Data coverage:

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

  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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