U.S.: Electrical Insulating Fittings Market Overview 2021

Electrical Insulating Fittings Market Size in the U.S.

In 2020, the U.S. electrical insulating fittings market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2019, and then contracted in the following year.

Electrical Insulating Fittings Production in the U.S.

In value terms, electrical insulating fittings production contracted to $X in 2020. In general, the total production indicated a tangible expansion from 2007 to 2020: its value 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, production decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2020, production growth failed to regain the momentum.

Electrical Insulating Fittings Exports

Exports from the U.S.

In 2020, electrical insulating fittings exports from the U.S. declined remarkably to X units, with a decrease of -X% against the previous year. Overall, exports continue to indicate a mild setback. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. As a result, exports reached the peak of X units. From 2017 to 2020, the growth exports remained at a lower figure.

In value terms, electrical insulating fittings exports contracted markedly to $X in 2020. In general, exports saw a measured increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for electrical insulating fittings exports from the U.S., with a X% share of total exports. Moreover, electrical insulating fittings exports to Mexico exceeded the volume sent to the second major destination, South Korea (X units), sevenfold. China (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Mexico stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and China (+X% per year).

In value terms, Mexico ($X) remains the key foreign market for electrical insulating fittings exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Mexico amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and China (+X% per year).

Export Prices by Country

In 2020, the average electrical insulating fittings export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Mexico ($X per unit) and Japan ($X per unit), while the average price for exports to South Korea ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into the U.S.

In 2020, the amount of electrical insulating fittings of plastics imported into the U.S. declined to X units, waning by -X% compared with the year before. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, electrical insulating fittings imports shrank to $X in 2020. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of electrical insulating fittings imports to the U.S., with a combined X% share of total imports. These countries were followed by Mexico, Switzerland, India, Taiwan (Chinese), Romania, France, Italy and Canada, 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 Romania (+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 the U.S. were China ($X), Japan ($X) and Germany ($X), with a combined X% share of total imports. Mexico, Switzerland, India, Taiwan (Chinese), Romania, France, Italy and Canada lagged somewhat behind, together comprising a further X the main suppliers, Romania (+X% per year) recorded 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 2020, the average electrical insulating fittings import price amounted to $X per unit, almost unchanged from the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Romania ($X per unit) and Mexico ($X per unit), while the price for China ($X per unit) and France ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform