EU: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in the EU

The EU glass electrical insulator market soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glass Electrical Insulator Production in the EU

In value terms, glass electrical insulator production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Glass Electrical Insulator Exports

Exports in the EU

In 2022, after three years of decline, there was significant growth in overseas shipments of glass electrical insulators, when their volume increased by X% to X units. Over the period under review, exports, however, showed a pronounced descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, glass electrical insulator exports skyrocketed to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy was the largest exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Spain (X units), creating a X% share of total exports. France (X units) held a relatively small share of total exports.

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

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

In Italy, glass electrical insulator exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, increasing by X% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while Spain ($X per unit) was amongst the lowest.

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

Glass Electrical Insulator Imports

Imports in the EU

For the fourth year in a row, the European Union recorded decline in overseas purchases of glass electrical insulators, which decreased by X% to X units in 2022. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, glass electrical insulator imports fell notably to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

The countries with the highest levels of glass electrical insulator imports in 2022 were France (X units), Poland (X units), Italy (X units), Austria (X units) and Portugal (X units), together accounting for X% of total import. It was distantly followed by Estonia (X units), constituting a X% share of total imports. The following importers - Finland (X units), Spain (X units), Croatia (X units), Greece (X units), Lithuania (X units), Sweden (X units) and the Czech Republic (X units) - together made up X% of total imports.

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

In value terms, France ($X), Italy ($X) and Portugal ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Austria, Finland, Poland, Spain, Sweden, Estonia, Croatia, the Czech Republic, Lithuania and Greece lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest growth rate of 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 European Union amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then contracted significantly in the following year.

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 Spain ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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