Price for Electrical Insulators of Any Material in Norway - 2023
Contents:
- Price for Electrical Insulators of Any Material in Norway (CIF) - 2022
- Price for Electrical Insulators of Any Material in Norway (FOB) - 2022
- Imports of Electrical Insulators of Any Material in Norway
- Exports of Electrical Insulators of Any Material in Norway
Price for Electrical Insulators of Any Material in Norway (CIF) - 2022
The average import price for electrical insulators of any materials stood at $1.1 per unit in 2022, with a decrease of -16.4% against the previous year. Overall, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 69% against the previous year. As a result, import price reached the peak level of $1.3 per unit, and then declined markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6.1 per unit), while the price for Portugal ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Norway (FOB) - 2022
The average export price for electrical insulators of any materials stood at $3.1 per unit in 2022, rising by 2.8% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 111% against the previous year. The export price peaked at $3.5 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7.3 per unit), while the average price for exports to Poland ($0.9 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 Spain (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electrical Insulators of Any Material in Norway
In 2022, after two years of decline, there was significant growth in overseas purchases of electrical insulators of any materials, when their volume increased by 31% to 9.4M units. Over the period under review, imports, however, continue to indicate a abrupt setback. Over the period under review, imports reached the peak figure at 17M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical insulators of any material imports expanded rapidly to $10M in 2022. Overall, imports, however, recorded a perceptible reduction. Over the period under review, imports attained the peak figure at $11M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Insulators of Any Material in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,467 | 2,839 | 2,801 | 3,349 | 31.7% |
| Sweden | 2,291 | 271 | 335 | 1,358 | -16.0% |
| China | 928 | 920 | 655 | 1,349 | 13.3% |
| Italy | 1,469 | 2,616 | 606 | 582 | -26.6% |
| Spain | 619 | 146 | 426 | 280 | -23.2% |
| Canada | 297 | 254 | 350 | 235 | -7.5% |
| Poland | 246 | 265 | 386 | 193 | -7.8% |
| France | 287 | 406 | 361 | 174 | -15.4% |
| Portugal | 64.4 | 30.5 | 99.3 | 145 | 31.1% |
| Slovakia | 151 | 3.3 | 3.2 | 118 | -7.9% |
| Ukraine | 120 | 7.0 | N/A | 90.4 | -9.0% |
| Others | 3,395 | 3,120 | 3,255 | 2,274 | -12.5% |
| Total | 11,336 | 10,878 | 9,278 | 10,147 | -3.6% |
Top Suppliers of Electrical Insulators of Any Material to Norway in 2022:
- China (3388.4K units)
- Spain (906.7K units)
- Portugal (864.4K units)
- Italy (830.9K units)
- Germany (551.2K units)
- Sweden (530.1K units)
- Ukraine (436.0K units)
- Slovakia (330.4K units)
- Poland (283.6K units)
- Canada (152.2K units)
- France (148.6K units)
Exports of Electrical Insulators of Any Material in Norway
In 2022, overseas shipments of electrical insulators of any materials decreased by -22.1% to 143K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw slight growth. The growth pace was the most rapid in 2020 with an increase of 21%. Over the period under review, the exports attained the peak figure at 183K units in 2021, and then declined notably in the following year.
In value terms, electrical insulators of any material exports declined markedly to $445K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 55%. As a result, the exports reached the peak of $587K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Electrical Insulators of Any Material in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 7.1 | 20.3 | 9.5 | 276 | 238.8% |
| United Kingdom | 41.6 | 19.5 | 10.8 | 24.1 | -16.6% |
| United Arab Emirates | 0.4 | 0.3 | 5.5 | 23.6 | 289.3% |
| United States | 8.5 | 3.3 | 7.5 | 16.0 | 23.5% |
| Spain | 3.6 | 1.3 | 33.4 | 15.0 | 60.9% |
| Singapore | 5.8 | 0.9 | 111 | 10.6 | 22.3% |
| Poland | 27.0 | 18.0 | 10.5 | 9.6 | -29.2% |
| South Africa | 93.3 | 5.7 | 2.8 | 6.5 | -58.9% |
| India | N/A | 2.2 | 1.3 | 3.9 | 33.1% |
| Turkey | N/A | 21.0 | 20.4 | 1.3 | -75.1% |
| France | 31.2 | N/A | 212 | 1.3 | -65.3% |
| Sri Lanka | 25.7 | 3.1 | 0.6 | N/A | -84.7% |
| Others | 135 | 491 | 130 | 56.8 | -25.1% |
| Total | 380 | 587 | 555 | 445 | 5.4% |
Top Export Markets for Electrical Insulators of Any Material from Norway in 2022:
- Sweden (95.5K units)
- United Arab Emirates (14.8K units)
- Poland (11.2K units)
- Spain (3.2K units)
- India (2.6K units)
- Singapore (2.3K units)
- United States (2.2K units)
- United Kingdom (1.6K units)
- France (0.6K units)
- Turkey (0.5K units)
- South Africa (0.4K units)
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