Report U.S. - Electrical Insulating Fittings of Plastics - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 13, 2023

U.S. - Electrical Insulating Fittings of Plastics - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

U.S.: Electrical Insulating Fittings Market 2023

Electrical Insulating Fittings Market Size in the U.S.

In 2021, after nine years of growth, there was decline in the U.S. electrical insulating fittings market, when its value decreased by -4.6% to $X. Over the period under review, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Electrical Insulating Fittings Production in the U.S.

In value terms, electrical insulating fittings production declined to $X in 2021. Over the period under review, production, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 43% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Electrical Insulating Fittings Exports

Exports from the U.S.

In 2021, overseas shipments of electrical insulating fittings of plastics were finally on the rise to reach X tons after six years of decline. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 27% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electrical insulating fittings exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 23%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for electrical insulating fittings exports from the United States, accounting for a 44% share of total exports. Moreover, electrical insulating fittings exports to China exceeded the volume sent to the second major destination, Mexico (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-27.6% per year) and Hong Kong SAR (+8.1% per year).

In value terms, Mexico ($X) remains the key foreign market for electrical insulating fittings exports from the United States, comprising 57% of total exports. The second position in the ranking was held by China ($X), with a 9.5% share of total exports. It was followed by Canada, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.8% per year) and Canada (+3.2% per year).

Export Prices by Country

In 2021, the average electrical insulating fittings export price amounted to $X per ton, with an increase of 16% against the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 314%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into the U.S.

Electrical insulating fittings imports into the United States skyrocketed to X tons in 2021, picking up by 19% compared with 2020 figures. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, electrical insulating fittings imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 35%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of electrical insulating fittings imports to the United States, with a combined 64% share of total imports. These countries were followed by Taiwan (Chinese), Mexico, Switzerland, India, Canada and France, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Germany ($X) appeared to be the largest electrical insulating fittings suppliers to the United States, together accounting for 54% of total imports. Mexico, Switzerland, Taiwan (Chinese), India, Canada and France lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, India, with a CAGR of +14.7%, 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

The average electrical insulating fittings import price stood at $X per ton in 2021, dropping by -9.8% against the previous year. In general, the import price recorded a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 8%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical insulating fittings of plastics in the world?
+
The countries with the highest volumes of consumption in 2021 were China, Brazil and Mexico, with a combined 37% share of global consumption. These countries were followed by the United States, India, Japan, Spain, Indonesia, Turkey, Germany, Bangladesh, France and Italy, which together accounted for a further 39%.
What are the largest producers of electrical insulating fittings of plastics in the world?
+
The countries with the highest volumes of production in 2021 were China, Brazil and Mexico, together accounting for 38% of global production. These countries were followed by the United States, Japan, India, Germany, Spain, Indonesia, Bangladesh, Turkey, France and South Korea, which together accounted for a further 43%.
What are the leading suppliers of electrical insulating fittings of plastics to the U.S.?
+
In value terms, the largest electrical insulating fittings suppliers to the United States were China, Japan and Germany, together comprising 54% of total imports. Mexico, Switzerland, Taiwan Chinese), India, Canada and France lagged somewhat behind, together comprising a further 30%.
What are the leading importers of electrical insulating fittings of plastics from the U.S.?
+
In value terms, Mexico remains the key foreign market for electrical insulating fittings exports from the United States, comprising 57% of total exports. The second position in the ranking was held by China, with a 9.5% share of total exports. It was followed by Canada, with a 4.6% share.
What is the average export price for electrical insulating fittings of plastics in the U.S.?
+
The average electrical insulating fittings export price stood at $125,997 per ton in 2021, jumping by 16% against the previous year.
What is the average import price for electrical insulating fittings of plastics in the U.S.?
+
The average electrical insulating fittings import price stood at $22,025 per ton in 2021, shrinking by -9.8% against the previous year.

This report provides an in-depth analysis of the electrical insulating fittings market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET

Webinar: Global Insulated Wire and Cable Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global insulated wire and cable market.



Thursday, February 25th, 2021 @ 04:00 pm ET