Europe: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Europe

For the third consecutive year, the Europe electrical insulating fittings market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a strong expansion 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, consumption increased by X% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Electrical Insulating Fittings Production in Europe

In value terms, electrical insulating fittings production rose modestly to $X in 2022 estimated in export price. The total production indicated notable growth 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, production increased by X% against 2015 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in years to come.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electrical Insulating Fittings Exports

Exports in Europe

In 2022, the amount of electrical insulating fittings of plastics exported in Europe dropped to X tons, falling by X% against the previous year. Total exports indicated a noticeable expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electrical insulating fittings exports reduced to $X in 2022. Total exports indicated a resilient 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany was the major exporter of electrical insulating fittings of plastics in Europe, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. The Czech Republic (X tons) held the second position in the ranking, distantly followed by Austria (X tons), Belgium (X tons) and Hungary (X tons). All these countries together held near X% share of total exports. Italy (X tons), Spain (X tons), Poland (X tons), France (X tons), Romania (X tons) and Slovenia (X tons) took a little share of total exports.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Slovenia (X%), Belgium (X%), Spain (X%), Austria (X%), Hungary (X%), France (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium, Germany, Romania and Austria increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electrical insulating fittings supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In Germany, electrical insulating fittings exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank slightly in the following year.

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 Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Electrical Insulating Fittings Imports

Imports in Europe

In 2022, purchases abroad of electrical insulating fittings of plastics increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulating fittings imports shrank to $X in 2022. Total imports indicated resilient growth 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Romania (X tons), Hungary (X tons), Belgium (X tons), Poland (X tons) and Italy (X tons), together constituting a X% share of total imports. The following importers - Serbia (X tons), Ukraine (X tons), Bulgaria (X tons), Slovakia (X tons), Spain (X tons) and Austria (X tons) - together made up X% of total imports.

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

In value terms, the largest electrical insulating fittings importing markets in Europe were Germany ($X), the Czech Republic ($X) and Romania ($X), together comprising X% of total imports. Hungary, Poland, Ukraine, Serbia, Belgium, Italy, Slovakia, Spain, Austria and Bulgaria lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, recorded 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

The import price in Europe stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped modestly 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 Germany ($X per ton), while Bulgaria ($X per ton) 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