CIS: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in CIS

The CIS glass electrical insulator market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Glass Electrical Insulator Production in CIS

In value terms, glass electrical insulator production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports in CIS

After three years of growth, shipments abroad of glass electrical insulators decreased by X% to X units in 2022. In general, exports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then declined markedly in the following year.

In value terms, glass electrical insulator exports fell remarkably to $X in 2022. Over the period under review, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Russia prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Kazakhstan (X units), comprising a X% share of total exports. Uzbekistan (X units) held a minor share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

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

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

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum 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 Russia ($X per unit), while Uzbekistan ($X per unit) 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 a decline in the export price figures.

Glass Electrical Insulator Imports

Imports in CIS

In 2022, approx. X units of glass electrical insulators were imported in the CIS; falling by X% on the previous year. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass electrical insulator imports reduced remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Azerbaijan (X units) and Kazakhstan (X units) were the key importers of glass electrical insulators in 2022, finishing at approx. X% and X% of total imports, respectively. Russia (X units) took the next position in the ranking, followed by Uzbekistan (X units), Belarus (X units) and Tajikistan (X units). All these countries together took approx. X% share of total imports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Tajikistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 destination: amid the top importers, the country with the highest price was Azerbaijan ($X per unit), while Belarus ($X per unit) 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 import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :