Global Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size

The global electrical insulating fittings market expanded slightly to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated buoyant 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, consumption increased by X% against 2012 indices. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Electrical Insulating Fittings Production

In value terms, electrical insulating fittings production totaled $X in 2022 estimated in export price. In general, the total production 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth remained at a somewhat lower figure.

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Electrical Insulating Fittings Exports

Exports

In 2022, the amount of electrical insulating fittings of plastics exported worldwide dropped slightly to X tons, declining by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the global exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electrical insulating fittings exports fell to $X in 2022. In general, total exports 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by the Czech Republic (X tons), Japan (X tons), China (X tons), Austria (X tons), Belgium (X tons), South Korea (X tons) and Hungary (X tons) were the largest exporters of electrical insulating fittings of plastics, together comprising X% of total exports. Thailand (X tons), Italy (X tons), Spain (X tons), Poland (X tons) and France (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X) remains the largest electrical insulating fittings supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of global exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average electrical insulating fittings export price amounted to $X per ton, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped 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 global leaders experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports

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 three 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 recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electrical insulating fittings imports declined slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

The countries with the highest levels of electrical insulating fittings imports in 2022 were Germany (X tons), the Czech Republic (X tons), China (X tons), India (X tons), Romania (X tons), Mexico (X tons), Hungary (X tons), Belgium (X tons), Poland (X tons), Nigeria (X tons), Italy (X tons) and the United States (X tons), together resulting at X% of total import. Serbia (X tons) 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 Belgium (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings importing markets worldwide were Germany ($X), China ($X) and the Czech Republic ($X), with a combined X% share of global imports. Romania, Hungary, Mexico, India, Poland, the United States, Serbia, Belgium, Italy and Nigeria lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electrical insulating fittings import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while Nigeria ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform