Report Update: May 1, 2024

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

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Insulating Fittings Price in Spain - 2023

Insulating Fittings Price in Spain (CIF) - 2022

The average insulating fittings import price stood at $12,089 per ton in 2022, dropping by -4.8% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insulating fittings import price increased by +26.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 71% against the previous year. The import price peaked at $13,280 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Sweden ($336,794 per ton), while the price for Portugal ($4,334 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Insulating Fittings Price in Spain (FOB) - 2022

The average insulating fittings export price stood at $6,931 per ton in 2022, reducing by -26.7% against the previous year. In general, the export price showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the peak figure at $12,272 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($11,383 per ton), while the average price for exports to Germany ($3,682 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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports in Spain

In 2022, the amount of insulating fittings for electrical purposes imported into Spain skyrocketed to 2.1K tons, jumping by 30% against 2021 figures. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, insulating fittings imports surged to $26M in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Insulating Fittings in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.3	3.6	6.7	10.7	66.9%
China	1.9	2.4	4.4	6.0	46.7%
Portugal	0.7	1.6	1.7	2.0	41.9%
Italy	1.9	2.4	3.2	1.9	0.0%
France	0.6	0.7	0.7	1.1	22.4%
Bulgaria	0.2	N/A	N/A	0.6	44.2%
Netherlands	N/A	N/A	0.2	0.3	50.0%
Czech Republic	0.9	0.4	0.4	0.2	-39.4%
Others	4.4	2.6	3.5	3.1	-11.0%
Total	12.9	13.7	20.8	25.8	26.0%

Top Suppliers of Insulating Fittings to Spain in 2022:

China (793.4 tons)
Portugal (450.8 tons)
Germany (424.7 tons)
Bulgaria (102.6 tons)
Italy (88.2 tons)
France (44.1 tons)
Netherlands (38.3 tons)
Czech Republic (34.7 tons)

Insulating Fittings Exports in Spain

In 2022, exports of insulating fittings for electrical purposes from Spain surged to 1.9K tons, growing by 47% on the year before. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insulating fittings exports rose significantly to $13M in 2022. The total export value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 8.3% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Insulating Fittings in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	3,927	3,843	4,409	5,046	8.7%
Portugal	956	927	1,002	1,262	9.7%
Morocco	657	461	500	942	12.8%
Germany	606	902	831	650	2.4%
Turkey	11.2	7.4	0.8	381	224.0%
Bulgaria	154	228	411	334	29.4%
Slovakia	186	159	146	329	20.9%
Italy	262	237	556	301	4.7%
Austria	546	927	411	293	-18.7%
United Kingdom	325	386	258	235	-10.2%
Cote d'Ivoire	N/A	N/A	N/A	195	0%
Algeria	338	154	126	N/A	-38.9%
Others	2,723	2,750	3,240	2,888	2.0%
Total	10,691	10,982	11,890	12,855	6.3%

Top Export Markets for Insulating Fittings from Spain in 2022:

France (1042.1 tons)
Germany (176.5 tons)
Portugal (114.9 tons)
Morocco (82.8 tons)
Bulgaria (65.5 tons)
Italy (57.5 tons)
Austria (56.7 tons)
Turkey (35.5 tons)
Slovakia (35.2 tons)
Cote d'Ivoire (27.6 tons)
United Kingdom (5.5 tons)

Source: IndexBox Market Intelligence Platform

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

Spain

Data coverage:

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