Price for Electrical Insulators of Any Material in Switzerland - 2023
Contents:
- Price for Electrical Insulators of Any Material in Switzerland (CIF) - 2023
- Price for Electrical Insulators of Any Material in Switzerland (FOB) - 2023
- Imports of Electrical Insulators of Any Material in Switzerland
- Exports of Electrical Insulators of Any Material in Switzerland
Price for Electrical Insulators of Any Material in Switzerland (CIF) - 2023
The average import price for electrical insulators of any materials stood at $1.2 per unit in December 2023, falling by -37.5% against the previous month. In general, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 39% month-to-month. Over the period under review, average import prices attained the peak figure at $1.9 per unit in November 2023, and then declined notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Austria ($3.2 per unit), while the price for India ($378 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Switzerland (FOB) - 2023
The average export price for electrical insulators of any materials stood at $3.2 per unit in December 2023, surging by 9.7% against the previous month. Over the period under review, the export price enjoyed a tangible expansion. The most prominent rate of growth was recorded in November 2023 an increase of 135% against the previous month. Over the period under review, the average export prices hit record highs at $6.3 per unit in March 2023; however, from April 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Poland ($5.1 per unit), while the average price for exports to the Netherlands ($711 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electrical Insulators of Any Material in Switzerland
After three years of growth, overseas purchases of electrical insulators of any materials decreased by -1.7% to 37M units in 2022. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 38M units, and then shrank slightly in the following year.
In value terms, electrical insulators of any material imports declined to $48M in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $54M, and then dropped in the following year.
| Import of Electrical Insulators of Any Material in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.3 | 18.5 | 20.0 | 17.4 | -3.4% |
| Italy | 5.1 | 5.3 | 6.0 | 7.5 | 13.7% |
| Czech Republic | 6.7 | 6.9 | 11.8 | 6.8 | 0.5% |
| China | 3.3 | 4.2 | 3.8 | 4.4 | 10.1% |
| Austria | 4.7 | 4.7 | 4.5 | 3.9 | -6.0% |
| Vietnam | 2.2 | 1.2 | 0.6 | 1.1 | -20.6% |
| Poland | 0.9 | 0.9 | 0.9 | 0.9 | 0.0% |
| Portugal | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 7.1 | 6.7 | 6.7 | 6.0 | -5.5% |
| Total | 49.3 | 48.5 | 54.5 | 48.2 | -0.7% |
Top Suppliers of Electrical Insulators of Any Material to Switzerland in 2022:
- Czech Republic (10.5M units)
- Germany (9.1M units)
- China (5.4M units)
- Italy (4.2M units)
- Austria (1.8M units)
- Poland (1.5M units)
- Portugal (0.9M units)
- Vietnam (0.5M units)
Exports of Electrical Insulators of Any Material in Switzerland
Electrical insulators of any material exports from Switzerland contracted dramatically to 10M units in 2022, dropping by -48.5% on the previous year's figure. In general, exports recorded a sharp descent. The smallest decline of -6.7% was in 2020. The exports peaked at 24M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electrical insulators of any material exports dropped notably to $35M in 2022. Over the period under review, exports recorded a sharp reduction. The smallest decline of -6.1% was in 2021. Over the period under review, the exports reached the peak figure at $86M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electrical Insulators of Any Material in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.5 | 10.6 | 12.3 | 4.6 | -26.3% |
| United States | 8.6 | 5.4 | 5.5 | 4.3 | -20.6% |
| Japan | 2.4 | 1.8 | 1.7 | 4.2 | 20.5% |
| South Korea | 9.1 | 7.9 | 6.5 | 3.1 | -30.2% |
| Poland | 5.1 | 5.4 | 3.9 | 2.4 | -22.2% |
| Paraguay | N/A | N/A | N/A | 2.4 | 0% |
| China | 7.3 | 8.3 | 5.4 | 1.8 | -37.3% |
| Netherlands | 6.0 | 6.2 | 4.8 | 1.7 | -34.3% |
| Italy | 2.8 | 1.1 | 1.4 | 1.1 | -26.8% |
| Sweden | 0.5 | 0.9 | 1.0 | 0.6 | 6.3% |
| Brazil | 0.4 | 0.4 | 1.3 | 0.5 | 7.7% |
| Russia | 0.1 | 0.5 | 0.2 | 0.2 | 26.0% |
| Indonesia | 3.3 | 1.4 | 0.4 | 0.1 | -68.8% |
| Others | 28.8 | 30.4 | 30.9 | 7.9 | -35.0% |
| Total | 85.8 | 80.2 | 75.3 | 34.9 | -25.9% |
Top Export Markets for Electrical Insulators of Any Material from Switzerland in 2022:
- Germany (2095.2K units)
- United States (2035.4K units)
- Japan (947.0K units)
- Netherlands (817.6K units)
- South Korea (586.5K units)
- Poland (561.6K units)
- Sweden (385.0K units)
- Paraguay (292.8K units)
- Italy (204.5K units)
- China (193.9K units)
- Brazil (175.5K units)
- Russia (156.4K units)
- Indonesia (38.2K units)
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