Price for Electrical Insulators of Any Material in the UK - 2023

Price for Electrical Insulators of Any Material in the UK (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $1 per unit, picking up by 49% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulators of any material import price increased by +52.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2.4 per unit), while the price for Russia ($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 China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for electrical insulators of any materials amounted to $2.6 per unit, with an increase of 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 an increase of 33%. Over the period under review, the average export prices hit record highs at $2.8 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9.3 per unit), while the average price for exports to Oman ($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 the United States (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in the UK

For the third year in a row, the UK recorded decline in purchases abroad of electrical insulators of any materials, which decreased by -13.8% to 48M units in 2022. In general, imports showed a abrupt decrease. The smallest decline of -2.5% was in 2021. Over the period under review, imports attained the peak figure at 63M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electrical insulators of any material imports soared to $47M in 2022. Overall, imports recorded a abrupt contraction. Imports peaked at $56M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Electrical Insulators of Any Material in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	12.8	3.3	6.0	10.2	-7.3%
China	7.1	5.6	8.7	9.2	9.0%
Germany	11.8	8.6	5.0	8.8	-9.3%
France	3.3	3.0	1.9	2.6	-7.6%
Czech Republic	6.3	4.2	0.8	1.8	-34.1%
Poland	1.3	0.7	0.2	1.7	9.4%
India	0.9	0.9	1.0	1.5	18.6%
Hungary	N/A	N/A	N/A	0.5	0%
Russia	0.1	N/A	N/A	0.3	44.2%
Others	12.8	10.8	13.4	10.8	-5.5%
Total	56.3	37.1	37.0	47.4	-5.6%

Top Suppliers of Electrical Insulators of Any Material to the UK in 2022:

China (17.3M units)
France (7.9M units)
Italy (4.8M units)
Germany (3.7M units)
India (3.4M units)
Russia (1.5M units)
Poland (1.4M units)
Czech Republic (1.1M units)
Hungary (1.1M units)

Exports of Electrical Insulators of Any Material in the UK

In 2022, after three years of growth, there was significant decline in shipments abroad of electrical insulators of any materials, when their volume decreased by -38.3% to 11M units. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 6.9%. The exports peaked at 17M units in 2021, and then declined remarkably in the following year.

In value terms, electrical insulators of any material exports reduced dramatically to $28M in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 5.5%. As a result, the exports reached the peak of $43M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Electrical Insulators of Any Material in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.2	2.9	3.5	4.7	3.8%
India	2.1	2.0	1.7	2.4	4.6%
Germany	3.5	3.0	2.4	2.3	-13.1%
China	1.4	4.5	1.8	2.3	18.0%
Ireland	1.8	2.4	1.8	1.2	-12.6%
Netherlands	1.0	0.8	0.9	1.1	3.2%
France	4.4	3.2	1.1	1.1	-37.0%
Oman	1.2	0.3	0.2	0.9	-9.1%
Australia	0.4	0.4	0.5	0.9	31.0%
Spain	0.6	0.7	0.5	0.8	10.1%
Singapore	0.8	0.8	1.3	0.7	-4.4%
Saudi Arabia	0.7	5.8	6.9	0.6	-5.0%
United Arab Emirates	1.0	0.9	0.6	0.6	-15.7%
Others	17.8	15.3	13.3	8.9	-20.6%
Total	40.9	43.2	36.5	28.4	-11.4%