Benelux: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Benelux

In 2022, the Benelux glass electrical insulator market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a tangible expansion. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Glass Electrical Insulator Production in Benelux

In value terms, glass electrical insulator production rose remarkably to $X in 2022 estimated in export price. Overall, production showed a pronounced expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Electrical Insulator Exports

Exports in Benelux

In 2022, overseas shipments of glass electrical insulators increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, glass electrical insulator exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The Netherlands was the key exporter of glass electrical insulators in Benelux, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Belgium (X units), comprising a X% share of total exports.

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

In value terms, the Netherlands ($X) remains the largest glass electrical insulator supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, glass electrical insulator exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price saw resilient growth. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

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

Glass Electrical Insulator Imports

Imports in Benelux

In 2022, approx. X units of glass electrical insulators were imported in Benelux; shrinking by X% against 2021. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass electrical insulator imports contracted rapidly to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

The Netherlands was the largest importer of glass electrical insulators in Benelux, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Belgium (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported glass electrical insulators in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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