Eastern Europe: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Eastern Europe

The East European glass electrical insulator market surged to $X in 2022, rising by X% against the previous year. In general, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Electrical Insulator Production in Eastern Europe

In value terms, glass electrical insulator production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Glass Electrical Insulator Exports

Exports in Eastern Europe

In 2022, after three years of growth, there was significant decline in shipments abroad of glass electrical insulators, when their volume decreased by X% to X units. In general, exports recorded a relatively flat trend pattern. 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 2021, and then dropped rapidly in the following year.

In value terms, glass electrical insulator exports reduced rapidly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Russia was the key exporter of glass electrical insulators in Eastern Europe, with the volume of exports recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Ukraine (X units), achieving a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%).

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

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

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Glass Electrical Insulator Imports

Imports in Eastern Europe

In 2022, overseas purchases of glass electrical insulators decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, glass electrical insulator imports stood at $X in 2022. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units) and Russia (X units) were the key importers of glass electrical insulators in 2022, recording approx. X% and X% of total imports, respectively. Belarus (X units) took the next position in the ranking, followed by Estonia (X units) and Lithuania (X units). All these countries together took near X% share of total imports. The following importers - the Czech Republic (X units) and Romania (X units) - each reached an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Poland ($X), Estonia ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 Eastern Europe amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price 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, glass electrical insulator import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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