Ireland: Electrical Insulating Fittings Market Overview 2020

Electrical Insulating Fittings Market Size in Ireland

The revenue of the electrical insulating fittings market in Ireland amounted to $X in 2018, rising by X% against the previous year. Overall, electrical insulating fittings consumption, however, continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, the electrical insulating fittings market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Electrical Insulating Fittings Production in Ireland

In value terms, electrical insulating fittings production totaled $X in 2018 estimated in export prices. In general, electrical insulating fittings production continues to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2011 when production volume increased by X% against the previous year. Electrical insulating fittings production peaked at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from Ireland

In 2018, the amount of electrical insulating fittings of plastics exported from Ireland amounted to X tonnes, growing by X% against the previous year. Over the period under review, electrical insulating fittings exports, however, continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, electrical insulating fittings exports amounted to $X in 2018. Over the period under review, electrical insulating fittings exports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tonnes) was the main destination for electrical insulating fittings exports from Ireland, with a X% share of total exports. Moreover, electrical insulating fittings exports to Poland exceeded the volume sent to the second major destination, Romania (X tonnes), fourfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Poland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and the U.S. (+X% per year).

In value terms, Denmark ($X) emerged as the key foreign market for electrical insulating fittings exports from Ireland, comprising X% of total electrical insulating fittings exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Poland (+X% per year).

Export Prices by Country

In 2018, the average electrical insulating fittings export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the export price indicated a tangible increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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 2018, the electrical insulating fittings imports into Ireland amounted to X tonnes, jumping by X% against the previous year. Overall, electrical insulating fittings imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tonnes in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, electrical insulating fittings imports amounted to $X in 2018. Overall, electrical insulating fittings imports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, electrical insulating fittings imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the UK (X tonnes) constituted the largest supplier of electrical insulating fittings to Ireland, with a X% share of total imports. Moreover, electrical insulating fittings imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), twofold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

In value terms, the largest electrical insulating fittings suppliers to Ireland were the U.S. ($X), the UK ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, China recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per tonne in 2018, going down by -X% against the previous year. In general, the electrical insulating fittings import price continues to indicate a temperate setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for electrical insulating fittings of plastics reached their peak figure at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform