Price for Electrical Insulators of Any Material in Italy - 2023
Contents:
- Price for Electrical Insulators of Any Material in Italy (FOB) - 2023
- Price for Electrical Insulators of Any Material in Italy (CIF) - 2022
- Exports of Electrical Insulators of Any Material in Italy
- Imports of Electrical Insulators of Any Material in Italy
Price for Electrical Insulators of Any Material in Italy (FOB) - 2023
In October 2023, the average export price for electrical insulators of any materials amounted to $577 per thousand units, which is down by -18% against the previous month. Over the period under review, the export price recorded a slight reduction. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 142% month-to-month. As a result, the export price reached the peak level of $1.2 per unit. From May 2023 to October 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the United States ($3.1 per unit), while the average price for exports to Thailand ($247 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 United States (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Italy (CIF) - 2022
In 2022, the average import price for electrical insulators of any materials amounted to $0.5 per unit, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2 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 Austria (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Insulators of Any Material in Italy
In 2022, approx. 336M units of electrical insulators of any materials were exported from Italy; with an increase of 28% compared with 2021 figures. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at 343M units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, electrical insulators of any material exports rose rapidly to $185M in 2022. The total export value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electrical Insulators of Any Material in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.0 | 9.7 | 9.2 | 20.3 | 31.1% |
| France | 12.1 | 12.8 | 19.1 | 17.4 | 12.9% |
| Canada | 14.1 | 14.9 | 13.7 | 16.9 | 6.2% |
| Saudi Arabia | 1.3 | 9.0 | 14.6 | 16.2 | 131.8% |
| Spain | 9.7 | 9.9 | 11.6 | 11.7 | 6.4% |
| Germany | 7.8 | 8.7 | 7.9 | 10.2 | 9.4% |
| United Kingdom | 8.9 | 7.9 | 7.2 | 8.3 | -2.3% |
| Turkey | 6.7 | 8.8 | 9.5 | 6.0 | -3.6% |
| China | 6.1 | 6.2 | 8.3 | 5.5 | -3.4% |
| Malaysia | 4.6 | 4.5 | 1.2 | 3.7 | -7.0% |
| Thailand | 3.5 | 2.4 | 1.8 | 3.4 | -1.0% |
| Indonesia | 7.0 | 3.0 | 0.8 | 1.3 | -42.9% |
| Norway | 2.1 | 2.0 | 0.8 | 0.4 | -42.5% |
| Others | 60.3 | 64.9 | 61.9 | 64.1 | 2.1% |
| Total | 153 | 165 | 168 | 185 | 6.5% |
Top Export Markets for Electrical Insulators of Any Material from Italy in 2022:
- United States (70.6M units)
- Canada (60.2M units)
- Saudi Arabia (40.2M units)
- France (27.1M units)
- United Kingdom (22.9M units)
- Malaysia (17.3M units)
- Thailand (16.7M units)
- Spain (9.5M units)
- Germany (5.0M units)
- Turkey (3.7M units)
- Indonesia (3.5M units)
- China (3.4M units)
- Norway (0.9M units)
Imports of Electrical Insulators of Any Material in Italy
In 2022, imports of electrical insulators of any materials into Italy was estimated at 196M units, therefore, remained relatively stable against the year before. The total import volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, electrical insulators of any material imports rose remarkably to $104M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +63.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Electrical Insulators of Any Material in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.4 | 22.5 | 27.6 | 37.6 | 26.9% |
| Romania | 1.9 | 3.0 | 4.3 | 7.3 | 56.6% |
| Germany | 5.3 | 8.7 | 5.7 | 6.3 | 5.9% |
| Spain | 4.3 | 1.6 | 7.8 | 6.1 | 12.4% |
| Portugal | 3.6 | 3.3 | 5.3 | 4.5 | 7.7% |
| Slovakia | 2.0 | 3.5 | 3.1 | 2.3 | 4.8% |
| India | 0.6 | 0.4 | 1.3 | 1.3 | 29.4% |
| Turkey | 4.9 | 5.4 | 1.2 | 1.2 | -37.4% |
| Others | 22.8 | 27.5 | 36.9 | 37.1 | 17.6% |
| Total | 63.7 | 76.0 | 93.1 | 104 | 17.8% |
Top Suppliers of Electrical Insulators of Any Material to Italy in 2022:
- China (124.3M units)
- Spain (21.7M units)
- Portugal (12.4M units)
- Romania (6.7M units)
- Slovakia (4.5M units)
- Germany (4.4M units)
- India (3.8M units)
- Turkey (1.9M units)
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