Price for Electrical Insulators of Any Material in Belgium - 2023
Contents:
- Price for Electrical Insulators of Any Material in Belgium (FOB) - 2022
- Price for Electrical Insulators of Any Material in Belgium (CIF) - 2022
- Exports of Electrical Insulators of Any Material in Belgium
- Imports of Electrical Insulators of Any Material in Belgium
Price for Electrical Insulators of Any Material in Belgium (FOB) - 2022
The average export price for electrical insulators of any materials stood at $1.6 per unit in 2022, rising by 7.6% against the previous year. In general, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 8.3% against the previous year. As a result, the export price reached the peak level of $2 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($2.7 per unit), while the average price for exports to Norway ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Belgium (CIF) - 2022
In 2022, the average import price for electrical insulators of any materials amounted to $0.5 per unit, dropping by -38% against the previous year. In general, the import price faced a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of 15%. Over the period under review, average import prices attained the maximum at $2.1 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2.8 per unit), while the price for the Netherlands ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+21.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electrical Insulators of Any Material in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of electrical insulators of any materials, when their volume decreased by -30.7% to 11M units. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, the exports attained the peak figure at 16M units in 2021, and then dropped rapidly in the following year.
In value terms, electrical insulators of any material exports fell significantly to $18M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 57% against the previous year. The exports peaked at $24M in 2021, and then contracted significantly in the following year.
| Export of Electrical Insulators of Any Material in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 3.8 | 3.4 | 3.7 | 5.1 | 10.3% |
| United Kingdom | 1.8 | 3.9 | 4.7 | 3.3 | 22.4% |
| France | 1.8 | 4.7 | 5.1 | 1.6 | -3.9% |
| Poland | 0.5 | 1.3 | 1.6 | 1.5 | 44.2% |
| United States | 1.8 | 1.5 | 2.0 | 1.2 | -12.6% |
| China | N/A | 0.1 | 2.8 | 1.0 | 216.2% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.5 | 0.6 | 14.5% |
| Germany | 0.1 | 0.3 | 0.4 | 0.6 | 81.7% |
| Netherlands | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Tunisia | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Greece | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Norway | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.1 | 3.6 | 2.6 | 2.1 | 0.0% |
| Total | 12.7 | 19.9 | 24.0 | 17.8 | 11.9% |
Top Export Markets for Electrical Insulators of Any Material from Belgium in 2022:
- Czech Republic (3396.6K units)
- United Kingdom (2174.9K units)
- Poland (1223.6K units)
- France (697.0K units)
- China (603.3K units)
- United States (477.0K units)
- Germany (363.5K units)
- Norway (235.1K units)
- Taiwan (Chinese) (222.8K units)
- Netherlands (182.0K units)
- Tunisia (175.0K units)
- Greece (164.9K units)
Imports of Electrical Insulators of Any Material in Belgium
In 2022, imports of electrical insulators of any materials into Belgium totaled 17M units, with an increase of 2.3% on 2021 figures. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, electrical insulators of any material imports declined notably to $9M in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. Over the period under review, imports reached the peak figure at $14M in 2021, and then declined rapidly in the following year.
| Import of Electrical Insulators of Any Material in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 0.4 | 2.5 | 2.2 | 1.4 | 51.8% |
| China | 0.7 | 1.0 | 1.6 | 1.3 | 22.9% |
| Poland | 2.3 | 1.9 | 2.1 | 1.0 | -24.2% |
| France | 0.4 | 0.7 | 1.3 | 1.0 | 35.7% |
| Germany | 2.7 | 1.4 | 1.5 | 1.0 | -28.2% |
| Netherlands | 0.5 | 1.1 | 1.5 | 0.9 | 21.6% |
| Portugal | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Canada | 0.8 | 0.4 | 0.6 | 0.3 | -27.9% |
| Italy | 1.2 | 1.3 | 0.9 | 0.3 | -37.0% |
| Hungary | 1.2 | 0.6 | 0.6 | 0.1 | -56.3% |
| Others | 1.1 | 1.8 | 1.6 | 1.4 | 8.4% |
| Total | 11.5 | 12.8 | 14.2 | 9.0 | -7.8% |
Top Suppliers of Electrical Insulators of Any Material to Belgium in 2022:
- Netherlands (6.2M units)
- Portugal (2.4M units)
- Poland (2.3M units)
- China (2.3M units)
- Czech Republic (1.6M units)
- France (0.5M units)
- Germany (0.5M units)
- Italy (0.4M units)
- Canada (0.3M units)
- Hungary (0.1M units)
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