CIS: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in CIS

The CIS electrical insulating fittings market rose to $X in 2022, with an increase of X% against the previous year. In general, consumption posted a tangible increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Insulating Fittings Production in CIS

In value terms, electrical insulating fittings production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. 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 Insulating Fittings Exports

Exports in CIS

In 2022, overseas shipments of electrical insulating fittings of plastics increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electrical insulating fittings exports soared to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons) and Russia (X tons) dominates exports structure, together mixing up X% of total exports. Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest electrical insulating fittings supplying countries in the CIS were Russia ($X), Belarus ($X) and Moldova ($X), with a combined X% share of total exports.

Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Electrical Insulating Fittings Imports

Imports in CIS

Electrical insulating fittings imports rose to X tons in 2022, increasing by X% on the previous year's figure. The total import volume 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 in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, electrical insulating fittings imports dropped slightly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Russia represented the main importer of electrical insulating fittings of plastics in the CIS, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Moldova (X tons), comprising a X% share of total imports. Kazakhstan (X tons), Belarus (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kazakhstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings importing markets in the CIS were Russia ($X), Moldova ($X) and Belarus ($X), with a combined X% share of total imports. Kazakhstan and Uzbekistan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Kazakhstan, 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

In 2022, the import price in the CIS amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform