Asia-Pacific: Electrical Insulator Market 2024

Electrical Insulator Market Size in Asia-Pacific

The Asia-Pacific electrical insulator market reduced to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Electrical Insulator Production in Asia-Pacific

In value terms, electrical insulator production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Electrical Insulator Exports

Exports in Asia-Pacific

In 2022, shipments abroad of electrical insulators increased by X% to X units, rising for the third consecutive year after two years of decline. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator exports expanded rapidly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by India (X units), committing a X% share of total exports. The following exporters - South Korea (X units), Taiwan (Chinese) (X units) and Malaysia (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical insulator exports from China stood at X%. At the same time, Taiwan (Chinese) (X%), India (X%), South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of India (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical insulator supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In China, electrical insulator exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Electrical Insulator Imports

Imports in Asia-Pacific

In 2022, overseas purchases of electrical insulators increased by X% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2017; afterwards, it flattened through to 2022.

In value terms, electrical insulator imports expanded to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X units) represented the major importer of electrical insulators, mixing up X% of total imports. The Philippines (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%), Malaysia (X%), China (X%) and South Korea (X%). Indonesia (X units), Australia (X units), Bangladesh (X units), Japan (X units), Singapore (X units), Vietnam (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical insulator imports into India stood at X%. At the same time, Bangladesh (X%), Japan (X%), China (X%), Thailand (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), South Korea (X%), Singapore (X%), Australia (X%), Indonesia (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Bangladesh (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.), Malaysia (X p.p.), South Korea (X p.p.), Australia (X p.p.), Taiwan (Chinese) (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Malaysia, Vietnam, South Korea, Bangladesh, the Philippines, Indonesia, Australia, Taiwan (Chinese), Japan and Singapore lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild downturn. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform