Europe: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Europe

The Europe glass electrical insulator market skyrocketed to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glass Electrical Insulator Production in Europe

In value terms, glass electrical insulator production rose to $X in 2022 estimated in export price. In general, production, however, showed a perceptible increase. The pace of growth appeared the most rapid 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 remained at a lower figure.

Glass Electrical Insulator Exports

Exports in Europe

In 2022, approx. X units of glass electrical insulators were exported in Europe; reducing by X% compared with 2021. In general, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, glass electrical insulator exports fell slightly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of glass electrical insulators, namely Russia, Italy, Ukraine and Spain, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Italy ($X) emerged as the largest glass electrical insulator supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Russia, with an X% share.

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

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, jumping by X% against the previous year. Export price indicated a temperate 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 export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Ukraine ($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 Europe

Glass electrical insulator imports declined to X units in 2022, which is down by X% against 2021. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, glass electrical insulator imports dropped to $X in 2022. Overall, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X units), distantly followed by France (X units), Poland (X units), Italy (X units), Russia (X units), Austria (X units), Portugal (X units) and Serbia (X units) represented the major importers of glass electrical insulators, together mixing up X% of total imports. Belarus (X units), Estonia (X units), Norway (X units), Finland (X units) and Spain (X units) 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 Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass electrical insulator importing markets in Europe were France ($X), the UK ($X) and Italy ($X), with a combined X% share of total imports. Portugal, Austria, Finland, Poland, Spain, Estonia, Russia, Serbia, Norway and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Serbia, 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 Europe amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then fell 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 ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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