MENA: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in MENA

In 2022, after two years of growth, there was significant decline in the MENA's glass electrical insulator market, when its value decreased by X% to $X. Over the period under review, consumption saw a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Glass Electrical Insulator Production in MENA

In value terms, glass electrical insulator production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Glass Electrical Insulator Exports

Exports in MENA

In 2022, exports of glass electrical insulators in MENA shrank to X units, which is down by X% on the previous year's figure. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, glass electrical insulator exports fell to $X in 2022. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Turkey was the major exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Tunisia (X units) and the United Arab Emirates (X units), together comprising a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Tunisia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey, Tunisia and the United Arab Emirates increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest glass electrical insulator supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Tunisia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price posted a resilient increase. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced a decline in the export price figures.

Glass Electrical Insulator Imports

Imports in MENA

In 2022, after two years of growth, there was significant decline in supplies from abroad of glass electrical insulators, when their volume decreased by X% to X units. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass electrical insulator imports fell sharply to $X in 2022. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units), Iraq (X units) and Algeria (X units) represented the largest importer of glass electrical insulators in MENA, committing X% of total import. It was distantly followed by Libya (X units), achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest glass electrical insulator importing markets in MENA were Algeria ($X), Iraq ($X) and Turkey ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the import prices remained at a somewhat 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 Libya ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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