Australia and Oceania: Electrical Insulator Market 2024

Electrical Insulator Market Size in Australia and Oceania

The electrical insulator market in Australia and Oceania surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Electrical Insulator Production in Australia and Oceania

In value terms, electrical insulator production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X,184%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Electrical Insulator Exports

Exports in Australia and Oceania

In 2022, approx. X units of electrical insulators were exported in Australia and Oceania; waning by X% on the previous year. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electrical insulator exports dropped rapidly to $X in 2022. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand was the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Australia (X units), constituting a X% share of total exports.

New Zealand was also the fastest-growing in terms of the electrical insulators exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest electrical insulator supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand amounted to X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Electrical Insulator Imports

Imports in Australia and Oceania

In 2022, imports of electrical insulators in Australia and Oceania skyrocketed to X units, rising by X% on the previous year. In general, imports, however, recorded a abrupt shrinkage. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, electrical insulator imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the key importer of electrical insulators in Australia and Oceania, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X units), comprising a X% share of total imports. The following importers - Papua New Guinea (X units) and Fiji (X units) - together made up X% of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Fiji (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported electrical insulators in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, 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 Papua New Guinea ($X per unit), while Fiji ($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