Price for Electrical Insulators of Any Material in Australia - 2023
Contents:
- Price for Electrical Insulators of Any Material in Australia (CIF) - 2022
- Price for Electrical Insulators of Any Material in Australia (FOB) - 2023
- Imports of Electrical Insulators of Any Material in Australia
- Exports of Electrical Insulators of Any Material in Australia
Price for Electrical Insulators of Any Material in Australia (CIF) - 2022
The average import price for electrical insulators of any materials stood at $0.8 per unit in 2022, reducing by -29.1% against the previous year. In general, the import price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 103% against the previous year. Over the period under review, average import prices reached the peak figure at $1.1 per unit in 2021, and then reduced remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1.7 per unit), while the price for Spain ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Australia (FOB) - 2023
The average export price for electrical insulators of any materials stood at $1.5 per unit in December 2023, dropping by -9.4% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 98% m-o-m. The export price peaked at $1.9 per unit in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In December 2023, the countries with the highest prices were India ($1.7 per unit) and Indonesia ($1.7 per unit), while the average price for exports to New Zealand ($1.5 per unit) and Papua New Guinea ($1.7 per unit) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Insulators of Any Material in Australia
In 2022, electrical insulators of any material imports into Australia skyrocketed to 47M units, picking up by 87% against the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electrical insulators of any material imports skyrocketed to $37M in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electrical Insulators of Any Material in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.8 | 12.9 | 10.4 | 18.1 | 18.8% |
| United States | 3.3 | 6.9 | 2.6 | 3.9 | 5.7% |
| South Africa | 1.2 | 1.2 | 1.7 | 3.0 | 35.7% |
| India | 1.5 | 2.4 | 2.2 | 2.5 | 18.6% |
| New Zealand | 1.7 | 1.6 | 1.8 | 1.6 | -2.0% |
| Spain | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Switzerland | 1.1 | 0.9 | 0.6 | 1.3 | 5.7% |
| Germany | 1.7 | 0.7 | 0.9 | 0.7 | -25.6% |
| Japan | 1.6 | 2.8 | 2.1 | 0.1 | -60.3% |
| Others | 3.3 | 4.6 | 5.0 | 4.1 | 7.5% |
| Total | 26.2 | 34.1 | 27.6 | 36.6 | 11.8% |
Top Suppliers of Electrical Insulators of Any Material to Australia in 2022:
- China (29.6M units)
- South Africa (3.4M units)
- Spain (3.4M units)
- United States (2.7M units)
- New Zealand (1.7M units)
- India (1.5M units)
- Switzerland (0.7M units)
- Germany (0.5M units)
- Japan (0.1M units)
Exports of Electrical Insulators of Any Material in Australia
In 2022, approx. 757K units of electrical insulators of any materials were exported from Australia; falling by -63.1% on 2021 figures. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 160% against the previous year. As a result, the exports reached the peak of 2.1M units, and then dropped sharply in the following year.
In value terms, electrical insulators of any material exports contracted markedly to $1.1M in 2022. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. As a result, the exports reached the peak of $2.4M, and then reduced markedly in the following year.
| Export of Electrical Insulators of Any Material in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 394 | 472 | 1,953 | 326 | -6.1% |
| India | 94.5 | 123 | 73.4 | 270 | 41.9% |
| Hong Kong SAR | 4.5 | 7.1 | 4.8 | 93.4 | 174.8% |
| Papua New Guinea | 9.3 | 36.2 | 27.4 | 59.9 | 86.1% |
| United States | 527 | 7.9 | 9.5 | 59.0 | -51.8% |
| Fiji | 44.0 | 61.3 | 11.3 | 57.7 | 9.5% |
| Indonesia | 94.6 | 59.0 | 73.8 | 31.7 | -30.5% |
| China | 39.0 | 41.4 | 8.8 | 29.6 | -8.8% |
| Saudi Arabia | N/A | N/A | N/A | 21.7 | 0% |
| South Africa | 0.3 | 26.4 | N/A | 19.9 | 304.8% |
| United Kingdom | 109 | 2.5 | 25.8 | 19.1 | -44.0% |
| Switzerland | 200 | 22.9 | 11.7 | 9.5 | -63.8% |
| Brazil | 153 | 91.6 | N/A | N/A | -40.1% |
| Others | 361 | 218 | 196 | 62.6 | -44.2% |
| Total | 2,031 | 1,170 | 2,396 | 1,060 | -19.5% |
Top Export Markets for Electrical Insulators of Any Material from Australia in 2022:
- New Zealand (253.2K units)
- India (164.1K units)
- Hong Kong SAR (56.8K units)
- United States (56.1K units)
- Fiji (37.9K units)
- Papua New Guinea (36.5K units)
- China (29.1K units)
- United Kingdom (25.6K units)
- Indonesia (21.7K units)
- Saudi Arabia (13.2K units)
- South Africa (12.1K units)
- Switzerland (5.8K units)
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