Price for Electrical Insulators of Any Material in Egypt - 2023

Contents:

1. Price for Electrical Insulators of Any Material in Egypt (CIF) - 2023
2. Price for Electrical Insulators of Any Material in Egypt (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Egypt
4. Exports of Electrical Insulators of Any Material in Egypt

Price for Electrical Insulators of Any Material in Egypt (CIF) - 2023

In September 2023, the average import price for electrical insulators of any materials amounted to $1.4 per unit, rising by 13% against the previous month. Overall, import price indicated a notable increase from September 2022 to September 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, electrical insulators of any material import price increased by +2.4% against June 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 46% month-to-month. Over the period under review, average import prices hit record highs in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was India ($2.0 per unit), while the price for France ($871 per thousand units) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for electrical insulators of any materials stood at $1.7 per unit in 2022, falling by -14.8% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 334%. The export price peaked at $3.4 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($1.6 per unit) and the United Arab Emirates ($1.6 per unit), while the average price for exports to Iraq ($1.6 per unit) and Jordan ($1.6 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+226.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Egypt

In 2022, after two years of decline, there was significant growth in supplies from abroad of electrical insulators of any materials, when their volume increased by 65% to 22M units. Over the period under review, imports, however, faced a dramatic downturn. Imports peaked at 48M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulators of any material imports surged to $19M in 2022. In general, imports, however, showed a abrupt descent. Imports peaked at $32M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (9.5M units)
2. Turkey (3.6M units)
3. United Arab Emirates (3.3M units)
4. France (1.3M units)
5. Italy (1.1M units)
6. Germany (1.1M units)
7. Czech Republic (0.7M units)
8. Switzerland (0.4M units)

Exports of Electrical Insulators of Any Material in Egypt

In 2022, overseas shipments of electrical insulators of any materials decreased by -48.7% to 145K units, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 51%. As a result, the exports reached the peak of 367K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical insulators of any material exports contracted dramatically to $247K in 2022. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 186% against the previous year. The exports peaked at $566K in 2021, and then shrank remarkably in the following year.

Top Export Markets for Electrical Insulators of Any Material from Egypt in 2022:

1. United Arab Emirates (98.0K units)
2. Jordan (25.7K units)
3. Iraq (15.5K units)
4. Argentina (3.7K units)

Source: IndexBox Market Intelligence Platform