Ireland: Electrical Insulating Fittings Market Overview 2021

Electrical Insulating Fittings Market Size in Ireland

In 2020, the Irish electrical insulating fittings market decreased by -X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Electrical insulating fittings consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Electrical Insulating Fittings Production in Ireland

In value terms, electrical insulating fittings production amounted to $X in 2020 estimated in export prices. Over the period under review, production faced a abrupt shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from Ireland

In 2020, shipments abroad of electrical insulating fittings of plastics decreased by -X% to X units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, electrical insulating fittings exports dropped to $X in 2020. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

India (X units), the U.S. (X units) and China (X units) were the main destinations of electrical insulating fittings exports from Ireland, together accounting for X% of total exports. These countries were followed by Slovakia, Germany, Poland, Thailand, Italy, the UK, the Czech Republic, Finland and Mexico, which together accounted for a further X 2007 to 2020, the biggest increases were in Italy (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical insulating fittings exported from Ireland were the U.S. ($X), Finland ($X) and China ($X), together comprising X% of total exports.

Finland (+X% per year) saw the highest rates of growth with regard to the value of exports, among 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, surging by X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, electrical insulating fittings export price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per unit in 2011; however, from 2012 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 Finland ($X per unit), while the average price for exports to India ($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 Finland, while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Ireland

In 2020, overseas purchases of electrical insulating fittings of plastics decreased by -X% to X units for the first time since 2016, thus ending a three-year rising trend. Over the period under review, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X units in 2019, and then reduced markedly in the following year.

In value terms, electrical insulating fittings imports contracted remarkably to $X in 2020. In general, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

China (X units), the UK (X units) and the U.S. (X units) were the main suppliers of electrical insulating fittings imports to Ireland, with a combined X% share of total imports. These countries were followed by Germany and Turkey, 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 Turkey (+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 Ireland were Germany ($X), the U.S. ($X) and China ($X), together accounting for X% of total imports. The UK and Turkey lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per unit in 2020, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per unit in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox AI 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), together comprising 44% 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), together accounting for 47% 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 Ireland?

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In value terms, the largest electrical insulating fittings suppliers to Ireland were Germany ($1.5M), the U.S. ($1.3M) and China ($698K), with a combined 78% share of total imports. These countries were followed by the UK and Turkey, which together accounted for a further 15%.

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

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In value terms, the largest markets for electrical insulating fittings exported from Ireland were the U.S. ($1.1M), Finland ($842K) and China ($615K), with a combined 44% share of total exports.

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

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The average electrical insulating fittings export price stood at $37 per unit in 2020, growing by 13% against the previous year.

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

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In 2020, the average electrical insulating fittings import price amounted to $18 per unit, increasing by 28% against the previous year.