Global Electrical Insulator Market 2024

Electrical Insulator Market Size

In 2022, the global electrical insulator market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electrical Insulator Production

In value terms, electrical insulator production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, global production growth failed to regain momentum.

Electrical Insulator Exports

Exports

In 2022, shipments abroad of electrical insulators increased by X% to X units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator exports expanded markedly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the global exports hit record highs at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

China was the main exporter of electrical insulators in the world, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units), Italy (X units) and Mexico (X units), together comprising a X% share of total exports. The following exporters - Germany (X units), the United States (X units), Poland (X units), the Czech Republic (X units), Portugal (X units), South Korea (X units), Taiwan (Chinese) (X units), Malaysia (X units) and Canada (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical insulator exports from China stood at X%. At the same time, Taiwan (Chinese) (X%), Mexico (X%), India (X%), Canada (X%), South Korea (X%), the Czech Republic (X%), Portugal (X%), Italy (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Germany (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), India (X p.p.) and Mexico (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Poland (X p.p.), Germany (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical insulator supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the United States ($X), with a X% share of global exports. It was followed by Germany, with an X% share.

In China, electrical insulator exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average electrical insulator export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced mixed trends in the export price figures.

Electrical Insulator Imports

Imports

For the third consecutive year, the global market recorded growth in supplies from abroad of electrical insulators, which increased by X% to X units in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electrical insulator imports rose sharply to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) and the United States (X units) were the major importers of electrical insulatorsin the world, together generating X% of total imports. Nigeria (X units) held the next position in the ranking, followed by Mexico (X units) and Italy (X units). All these countries together took approx. X% share of total imports. Germany (X units), Spain (X units), Tanzania (X units), France (X units), the Philippines (X units), Canada (X units), Brazil (X units) and Thailand (X units) followed a long way behind the leaders.

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

In value terms, the United States ($X) constitutes the largest market for imported electrical insulators worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average electrical insulator import price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform