Germany: Electrical Insulating Fittings Market Overview 2021

Electrical Insulating Fittings Market Size in Germany

The German electrical insulating fittings market expanded remarkably to $X in 2020, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Electrical insulating fittings consumption peaked in 2020 and is expected to retain growth in years to come.

Electrical Insulating Fittings Production in Germany

In value terms, electrical insulating fittings production fell slightly to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Electrical insulating fittings production peaked at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from Germany

In 2020, overseas shipments of electrical insulating fittings of plastics decreased by -X% to X units, falling for the second consecutive year after six years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X units in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, electrical insulating fittings exports shrank markedly to $X in 2020. In general, exports saw a pronounced increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

China (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of electrical insulating fittings exports from Germany, together accounting for X% of total exports. These countries were followed by Hungary, Morocco, Tunisia, Poland, Mexico, Belgium, Macedonia, Slovakia, Spain and the U.S., which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macedonia, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Romania ($X) and the Czech Republic ($X) appeared to be the largest markets for electrical insulating fittings exported from Germany worldwide, together comprising X% of total exports. Hungary, Morocco, Poland, Tunisia, Mexico, the U.S., Macedonia, Belgium, Spain and Slovakia lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical insulating fittings export price stood at $X per unit in 2020, stabilizing at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macedonia, while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Germany

In 2020, purchases abroad of electrical insulating fittings of plastics decreased by -X% to X units, falling for the second year in a row after six years of growth. In general, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, electrical insulating fittings imports contracted dramatically to $X in 2020. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Austria (X units) and the Czech Republic (X units) were the main suppliers of electrical insulating fittings imports to Germany, together accounting for X% of total imports. These countries were followed by Switzerland, Hungary, Belgium, Mexico, Italy, Morocco, the U.S., Poland, the Netherlands and Slovakia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings suppliers to Germany were China ($X), Austria ($X) and the Czech Republic ($X), together comprising X% of total imports. These countries were followed by Hungary, Mexico, Switzerland, the U.S., Italy, Morocco, Belgium, the Netherlands, Poland and Slovakia, which together accounted for a further X terms of the main suppliers, Morocco (+X% per year) saw 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 2020, the average electrical insulating fittings import price amounted to $X per unit, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Morocco, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical insulating fittings of plastics in the world?

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The countries with the highest volumes of electrical insulating fittings consumption in 2020 were China (79M units), the U.S. (46M units) and India (29M units), with a combined 44% share of global consumption. These countries were followed by Japan, Germany, the Czech Republic, Nigeria, Mexico, Morocco, France, South Korea, Romania and Italy, which together accounted for a further 27%.

What are the largest producers of electrical insulating fittings of plastics in the world?

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The countries with the highest volumes of electrical insulating fittings production in 2020 were China (76M units), the U.S. (45M units) and Germany (32M units), with a combined 47% share of global production. These countries were followed by Japan, India, South Korea, Nigeria, Austria, France, Italy and Hungary, which together accounted for a further 33%.

What are the leading suppliers of electrical insulating fittings of plastics to Germany?

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In value terms, China ($89M), Austria ($66M) and the Czech Republic ($53M) constituted the largest electrical insulating fittings suppliers to Germany, together comprising 41% of total imports. Hungary, Mexico, Switzerland, the U.S., Italy, Morocco, Belgium, the Netherlands, Poland and Slovakia lagged somewhat behind, together accounting for a further 43%.

What are the leading importers of electrical insulating fittings of plastics from Germany?

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In value terms, China ($170M), Romania ($94M) and the Czech Republic ($93M) were the largest markets for electrical insulating fittings exported from Germany worldwide, together accounting for 32% of total exports. These countries were followed by Hungary, Morocco, Poland, Tunisia, Mexico, the U.S., Macedonia, Belgium, Spain and Slovakia, which together accounted for a further 41%.

What is the average export price for electrical insulating fittings of plastics in Germany?

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In 2020, the average electrical insulating fittings export price amounted to $31 per unit, approximately reflecting the previous year.

What is the average import price for electrical insulating fittings of plastics in Germany?

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The average electrical insulating fittings import price stood at $26 per unit in 2020, with an increase of 7.2% against the previous year.