Global Electrical Insulating Fittings Market Overview 2021

Electrical Insulating Fittings Market Size

In 2020, the global electrical insulating fittings market decreased by -X% to $X, falling for the second year in a row after six years of growth. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Electrical Insulating Fittings Production

In value terms, electrical insulating fittings production shrank slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of electrical insulating fittings production in 2020 were China (X units), the U.S. (X units) and Germany (X units), with a combined X% share of global production. These countries were followed by Japan, India, South Korea, Nigeria, Austria, France, Italy and Hungary, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of electrical insulating fittings production, amongst the leading producing countries, was attained by Hungary, while electrical insulating fittings production for the other global leaders experienced more modest paces of growth.

Electrical Insulating Fittings Exports

Exports

In 2020, shipments abroad of electrical insulating fittings of plastics decreased by -X% to X units, falling for the second year in a row after six years of growth. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Global exports peaked at X units in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, electrical insulating fittings exports dropped to $X in 2020. Overall, total exports indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, global exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Germany (X units), distantly followed by Japan (X units), Hungary (X units), Austria (X units), China (X units), the Czech Republic (X units) and South Korea (X units) were the main exporters of electrical insulating fittings of plastics, together committing X% of total exports. Italy (X units), Spain (X units), France (X units), the Netherlands (X units), Poland (X units) and the U.S. (X units) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of electrical insulating fittings of plastics. At the same time, Poland (+X%), the Netherlands (+X%), the Czech Republic (+X%), Italy (+X%), Hungary (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. Spain, Japan, Austria and France experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of Hungary (+X p.p.), the Czech Republic (+X p.p.), the Netherlands (+X p.p.) and Poland (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of China (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, electrical insulating fittings exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Hungary (+X% per year).

Export Prices by Country

The average electrical insulating fittings export price stood at $X per unit in 2020, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is likely to continue growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports

In 2020, supplies from abroad of electrical insulating fittings of plastics decreased by -X% to X units, falling for the third year in a row after five years of growth. Overall, total imports indicated slight growth from 2007 to 2020: its volume 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, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Global imports peaked at X units in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, electrical insulating fittings imports reduced to $X in 2020. Over the period under review, total imports indicated measured growth 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, global imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of electrical insulating fittings imports in 2020 were Germany (X units), the Czech Republic (X units), China (X units), Romania (X units), Morocco (X units), Hungary (X units), Mexico (X units), Poland (X units), Belgium (X units), Viet Nam (X units), Ukraine (X units) and India (X units), together accounting for X% of total import. Tunisia (X units) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Morocco, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of global imports. These countries were followed by Romania, Morocco, Hungary, Ukraine, Viet Nam, Mexico, India, Poland, Tunisia and Belgium, which together accounted for a further X the main importing countries, Morocco saw 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 2020, the average electrical insulating fittings import price amounted to $X per unit, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Global import price peaked in 2020 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Morocco, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform