Price for Electrical Insulators of Any Material in Denmark - 2023

Price for Electrical Insulators of Any Material in Denmark (CIF) - 2022

The average import price for electrical insulators of any materials stood at $1.3 per unit in 2022, surging by 4.5% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40%. The import price peaked at $2 per unit in 2012; however, from 2013 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 the United States ($10 per unit), while the price for Spain ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Denmark (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $1.9 per unit, rising by 11% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulators of any material export price decreased by -15.7% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 49%. Over the period under review, the average export prices hit record highs at $2.2 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($14 per unit), while the average price for exports to Finland ($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 Poland (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Insulators of Any Material in Denmark

In 2022, the amount of electrical insulators of any materials imported into Denmark soared to 5.4M units, jumping by 33% compared with the previous year. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +28.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +110.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electrical insulators of any material imports surged to $7.3M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% 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 +84.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Electrical Insulators of Any Material in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	113	171	201	3,314	208.4%
Germany	1,302	1,522	1,930	1,587	6.8%
Norway	35.2	564	543	573	153.4%
Poland	351	346	654	396	4.1%
Netherlands	193	319	508	217	4.0%
China	390	298	260	193	-20.9%
United Kingdom	262	310	387	177	-12.3%
Belgium	102	656	54.2	30.8	-32.9%
Ireland	270	84.9	83.2	13.3	-63.3%
Others	923	623	627	781	-5.4%
Total	3,941	4,894	5,247	7,281	22.7%

Top Suppliers of Electrical Insulators of Any Material to Denmark in 2022:

Sweden (2505.1K units)
Germany (971.9K units)
Norway (512.2K units)
Netherlands (348.6K units)
China (278.6K units)
Poland (171.9K units)
United Kingdom (161.2K units)
Belgium (12.5K units)
Ireland (8.4K units)

Exports of Electrical Insulators of Any Material in Denmark

In 2022, overseas shipments of electrical insulators of any materials decreased by -21.6% to 713K units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 1.3M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical insulators of any material exports reduced to $1.3M in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, the exports attained the peak of $2.9M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Electrical Insulators of Any Material in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	53.2	1,024	298	259	69.5%
Thailand	17.5	25.8	70.1	215	130.7%
Poland	568	357	346	207	-28.6%
Italy	34.7	132	114	112	47.8%
Norway	72.7	221	65.6	57.1	-7.7%
United States	63.2	42.8	28.1	51.9	-6.4%
France	44.5	35.6	31.8	47.3	2.1%
Belgium	0.2	56.7	24.1	43.3	500.5%
Sweden	38.6	40.1	47.8	41.0	2.0%
Spain	4.9	1.2	55.6	28.9	80.7%
Netherlands	11.4	12.0	31.4	14.1	7.3%
Canada	N/A	54.0	N/A	12.5	-51.9%
Finland	8.7	5.8	8.2	8.6	-0.4%
Others	999	933	400	223	-39.3%
Total	1,917	2,940	1,521	1,322	-11.7%