Global Electrical Insulating Fittings Market 2023

Electrical Insulating Fittings Market Size

The global electrical insulating fittings market was estimated at $X in 2021, remaining stable against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.3% against 2012 indices. Global consumption peaked in 2021 and is likely to continue growth in the near future.

Electrical Insulating Fittings Production

In value terms, electrical insulating fittings production contracted modestly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.1% against 2012 indices. The pace of growth was the most pronounced in 2018 with an increase of 22% against the previous year. Over the period under review, global production hit record highs at $X in 2020, and then shrank slightly in the following year.

Electrical Insulating Fittings Exports

Exports

In 2021, after two years of decline, there was significant growth in shipments abroad of electrical insulating fittings of plastics, when their volume increased by 11% to X tons. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. The global exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electrical insulating fittings exports skyrocketed to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by the Czech Republic (X tons), Japan (X tons), China (X tons), Austria (X tons), Belgium (X tons), South Korea (X tons) and Hungary (X tons) were the main exporters of electrical insulating fittings of plastics, together comprising 69% of total exports. The following exporters - Italy (X tons), Poland (X tons), Thailand (X tons), France (X tons) and Spain (X tons) - together made up 13% of total exports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +19.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electrical insulating fittings supplier worldwide, comprising 27% of global exports. The second position in the ranking was taken by the Czech Republic ($X), with a 12% share of global exports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +8.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+12.8% per year) and Japan (-0.1% per year).

Export Prices by Country

In 2021, the average electrical insulating fittings export price amounted to $X per ton, rising by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13%. The global export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.6%), while the other global leaders experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports

In 2021, overseas purchases of electrical insulating fittings of plastics were finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulating fittings imports surged to $X in 2021. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons) and Germany (X tons) represented roughly 20% of total imports in 2021. It was followed by China (X tons), India (X tons) and Nigeria (X tons), together mixing up a 16% share of total imports. The following importers - Poland (X tons), Romania (X tons), Hungary (X tons), Belgium (X tons), Italy (X tons), Mexico (X tons), Vietnam (X tons) and Ukraine (X tons) - together made up 29% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +24.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings importing markets worldwide were Germany ($X), China ($X) and the Czech Republic ($X), with a combined 32% share of global imports. Romania, Hungary, Vietnam, India, Ukraine, Mexico, Poland, Belgium, Italy and Nigeria lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Belgium, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electrical insulating fittings import price amounted to $X per ton, rising by 1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2016 when the average import price increased by 7.6% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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