South-Eastern Asia: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in South-Eastern Asia

The Southeast Asian glass electrical insulator market amounted to $X in 2022, flattening at the previous year. In general, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Glass Electrical Insulator Production in South-Eastern Asia

In value terms, glass electrical insulator production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Glass Electrical Insulator Exports

Exports in South-Eastern Asia

In 2022, approx. X units of glass electrical insulators were exported in South-Eastern Asia; falling by X% against the previous year's figure. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then fell dramatically in the following year.

In value terms, glass electrical insulator exports dropped markedly to $X in 2022. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore prevails in exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X units), comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass electrical insulator exports from Singapore stood at X%. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Singapore (X p.p.) and Indonesia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest glass electrical insulator supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

In Singapore, glass electrical insulator exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Indonesia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Glass Electrical Insulator Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of glass electrical insulators decreased by X% to X units, falling for the third consecutive year after five years of growth. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, glass electrical insulator imports expanded slightly to $X in 2022. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam represented the key importing country with an import of around X units, which reached X% of total imports. Indonesia (X units) took the second position in the ranking, followed by Malaysia (X units) and Thailand (X units). All these countries together took approx. X% share of total imports. Lao People's Democratic Republic (X units) and Myanmar (X units) followed a long way behind the leaders.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Myanmar (X%), Malaysia (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Thailand, with a CAGR of X%, 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 2022, the import price in South-Eastern Asia amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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