Report Update: May 1, 2024

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

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Insulating Fittings Price in India - 2023

Insulating Fittings Price in India (CIF) - 2022

In 2022, the average insulating fittings import price amounted to $10,999 per ton, falling by -25.4% against the previous year. In general, the import price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $17,527 per ton in 2013; however, from 2014 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 South Korea ($16,414 per ton), while the price for Japan ($6,088 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the prices for the other major suppliers experienced a decline.

Insulating Fittings Price in India (FOB) - 2022

The average insulating fittings export price stood at $5,376 per ton in 2022, rising by 20% against the previous year. In general, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the maximum at $5,939 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,975 per ton), while the average price for exports to the United States ($3,845 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 the United Arab Emirates (+1.1%), while the prices for the other major destinations experienced a decline.

Insulating Fittings Imports in India

In 2022, approx. 2.8K tons of insulating fittings for electrical purposes were imported into India; approximately equating the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year.

In value terms, insulating fittings imports reduced dramatically to $31M in 2022. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $42M, and then plummeted in the following year.

Import of Insulating Fittings in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	15.7	11.5	14.6	10.2	-13.4%
South Korea	4.5	3.1	8.7	6.0	10.1%
United States	4.6	4.0	4.6	3.2	-11.4%
Poland	3.1	1.3	4.3	3.0	-1.1%
Germany	4.6	3.3	1.5	2.2	-21.8%
Malaysia	N/A	0.5	2.4	1.7	84.4%
Japan	0.9	1.3	1.7	1.2	10.1%
Sweden	1.2	0.5	0.8	0.6	-20.6%
Others	3.4	3.3	3.7	3.1	-3.0%
Total	38.1	28.7	42.2	31.0	-6.6%

Top Suppliers of Insulating Fittings to India in 2022:

China (1250.3 tons)
South Korea (368.1 tons)
United States (323.7 tons)
Poland (194.7 tons)
Japan (190.6 tons)
Germany (152.0 tons)
Malaysia (120.3 tons)
Sweden (58.1 tons)

Insulating Fittings Exports in India

In 2022, approx. 7.1K tons of insulating fittings for electrical purposes were exported from India; which is down by -18.5% on 2021. In general, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 59% against the previous year. As a result, the exports reached the peak of 8.8K tons, and then contracted markedly in the following year.

In value terms, insulating fittings exports reduced to $38M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of $39M, and then dropped modestly in the following year.

Export of Insulating Fittings in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	18.8	20.4	21.7	20.8	3.4%
United Arab Emirates	9.5	6.6	13.1	12.6	9.9%
Saudi Arabia	0.7	0.6	0.7	0.7	0.0%
Others	4.5	4.7	3.6	4.3	-1.5%
Total	33.4	32.2	39.1	38.4	4.8%

Top Export Markets for Insulating Fittings from India in 2022:

United States (5.4K tons)
United Arab Emirates (1.1K tons)
Saudi Arabia (0.1K tons)

Source: IndexBox Market Intelligence Platform

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

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:

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