United Arab Emirates: Electrical Insulator Market 2024

Electrical Insulator Market Size in the United Arab Emirates

The electrical insulator market in the United Arab Emirates rose rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Insulator Production in the United Arab Emirates

In value terms, electrical insulator production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Electrical insulator production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Electrical Insulator Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of electrical insulators increased by X% to X units, rising for the third consecutive year after two years of decline. In general, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical insulator exports surged to $X in 2022. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for electrical insulator exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, electrical insulator exports to Saudi Arabia exceeded the volume sent to the second major destination, Germany (X units), fourfold. China (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X.5% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for electrical insulators exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X.5% per year) and Egypt (X% per year).

Export Prices by Country

The average electrical insulator export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulator export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into the United Arab Emirates

In 2022, the amount of electrical insulators imported into the United Arab Emirates soared to X units, rising by X% on the previous year. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, electrical insulator imports skyrocketed to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X units), Italy (X units) and China (X units) were the main suppliers of electrical insulator imports to the United Arab Emirates, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and the United States ($X) appeared to be the largest electrical insulator suppliers to the United Arab Emirates, with a combined X% share of total imports. Italy and China lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electrical insulator import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform