Price for Electrical Insulators of Any Material in Germany - 2023
Contents:
- Price for Electrical Insulators of Any Material in Germany (FOB) - 2023
- Price for Electrical Insulators of Any Material in Germany (CIF) - 2023
- Exports of Electrical Insulators of Any Material in Germany
- Imports of Electrical Insulators of Any Material in Germany
Price for Electrical Insulators of Any Material in Germany (FOB) - 2023
The average export price for electrical insulators of any materials stood at $2.4 per unit in October 2023, jumping by 20% against the previous month. In general, export price indicated a noticeable increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, electrical insulators of any material export price increased by +33.1% against May 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 76% m-o-m. The export price peaked in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($7.1 per unit), while the average price for exports to Saudi Arabia ($611 per thousand units) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Germany (CIF) - 2023
In October 2023, the average import price for electrical insulators of any materials amounted to $1.3 per unit, growing by 5.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 34% month-to-month. As a result, import price attained the peak level of $1.5 per unit. From July 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($7.2 per unit), while the price for Mexico ($538 per thousand units) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Insulators of Any Material in Germany
In 2022, shipments abroad of electrical insulators of any materials was finally on the rise to reach 173M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a mild decline. The exports peaked at 183M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electrical insulators of any material exports rose to $215M in 2022. Overall, exports, however, saw a abrupt setback. Over the period under review, the exports hit record highs at $251M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Insulators of Any Material in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.1 | 30.9 | 31.6 | 35.1 | 3.0% |
| Saudi Arabia | 19.1 | 8.1 | 21.6 | 24.2 | 8.2% |
| China | 48.0 | 58.3 | 22.3 | 19.6 | -25.8% |
| Switzerland | 19.5 | 17.2 | 18.9 | 17.5 | -3.5% |
| United Kingdom | 10.8 | 12.0 | 9.3 | 11.9 | 3.3% |
| Czech Republic | 7.3 | 6.5 | 7.2 | 9.1 | 7.6% |
| Netherlands | 6.1 | 8.5 | 10.0 | 8.2 | 10.4% |
| France | 6.8 | 6.5 | 7.6 | 7.7 | 4.2% |
| India | 11.1 | 2.3 | 3.1 | 6.4 | -16.8% |
| Austria | 6.5 | 5.4 | 6.3 | 5.9 | -3.2% |
| Poland | 6.9 | 4.9 | 5.3 | 5.2 | -9.0% |
| Sweden | 4.3 | 3.8 | 4.1 | 4.3 | 0.0% |
| Italy | 3.3 | 3.2 | 3.2 | 3.6 | 2.9% |
| Others | 69.4 | 69.4 | 58.9 | 56.5 | -6.6% |
| Total | 251 | 237 | 209 | 215 | -5.0% |
Top Export Markets for Electrical Insulators of Any Material from Germany in 2022:
- Saudi Arabia (64.5M units)
- Czech Republic (10.9M units)
- China (10.4M units)
- Switzerland (9.7M units)
- United States (7.9M units)
- Austria (7.6M units)
- Netherlands (4.9M units)
- United Kingdom (4.5M units)
- India (4.3M units)
- Poland (4.0M units)
- France (3.9M units)
- Italy (3.7M units)
- Sweden (3.5M units)
Imports of Electrical Insulators of Any Material in Germany
In 2022, the amount of electrical insulators of any materials imported into Germany rose slightly to 133M units, picking up by 1.9% against 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 6%. As a result, imports attained the peak of 141M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, electrical insulators of any material imports stood at $127M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. 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 Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.9 | 20.4 | 23.5 | 26.7 | 21.5% |
| United States | 8.9 | 8.7 | 9.9 | 15.7 | 20.8% |
| Poland | 9.0 | 8.8 | 9.7 | 11.2 | 7.6% |
| Czech Republic | 9.1 | 9.2 | 8.3 | 10.5 | 4.9% |
| Switzerland | 13.5 | 13.2 | 11.3 | 7.9 | -16.4% |
| Austria | 9.4 | 10.2 | 8.1 | 7.7 | -6.4% |
| Netherlands | 5.0 | 9.3 | 7.9 | 7.3 | 13.4% |
| Italy | 8.9 | 6.7 | 8.5 | 7.2 | -6.8% |
| France | 8.8 | 7.4 | 7.1 | 3.7 | -25.1% |
| Slovenia | 2.5 | 2.3 | 3.1 | 3.0 | 6.3% |
| Portugal | 0.5 | 1.4 | 1.7 | 2.5 | 71.0% |
| India | 2.9 | 3.7 | 3.4 | 2.4 | -6.1% |
| Romania | 2.9 | 2.9 | 2.3 | 1.5 | -19.7% |
| Others | 25.0 | 18.3 | 17.4 | 20.2 | -6.9% |
| Total | 121 | 122 | 122 | 127 | 1.6% |
Top Suppliers of Electrical Insulators of Any Material to Germany in 2022:
- China (42.1M units)
- Poland (20.8M units)
- Portugal (11.4M units)
- Czech Republic (11.0M units)
- India (5.5M units)
- Slovenia (5.4M units)
- Italy (4.4M units)
- Netherlands (4.0M units)
- Austria (3.9M units)
- Romania (3.6M units)
- Switzerland (3.3M units)
- United States (2.7M units)
- France (2.5M units)
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