Asia: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in Asia

The Asian electrical insulating fittings market reduced to $X in 2022, which is down by -3.1% against the previous year. Overall, consumption, however, showed a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electrical Insulating Fittings Production in Asia

In value terms, electrical insulating fittings production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 27%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports in Asia

Electrical insulating fittings exports declined modestly to X tons in 2022, dropping by -4.3% on the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, electrical insulating fittings exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Japan (X tons) and China (X tons) represented the main exporters of electrical insulating fittings of plastics in 2022, resulting at near 29% and 25% of total exports, respectively. South Korea (X tons) took the next position in the ranking, followed by Thailand (X tons) and Hong Kong SAR (X tons). All these countries together held approx. 29% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons) - each resulted at a 6.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +19.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest electrical insulating fittings supplier in Asia, comprising 39% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by South Korea, with a 15% share.

In Japan, electrical insulating fittings exports shrank by an average annual rate of -1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+1.8% per year) and South Korea (+3.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, reducing by -2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.7%. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

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 Hong Kong SAR ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.5%), while the other leaders experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports in Asia

In 2022, supplies from abroad of electrical insulating fittings of plastics increased by 0.1% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, electrical insulating fittings imports declined slightly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +44.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, China (X tons) and India (X tons) were the main importers of electrical insulating fittings of plastics in Asia, together committing 42% of total imports. It was distantly followed by South Korea (X tons), Turkey (X tons), Thailand (X tons), Vietnam (X tons), Japan (X tons), the Philippines (X tons) and Saudi Arabia (X tons), together committing a 42% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electrical insulating fittings of plastics in Asia, comprising 32% of total imports. The second position in the ranking was taken by India ($X), with a 10% share of total imports. It was followed by Turkey, with a 9.1% share.

In China, electrical insulating fittings imports expanded at an average annual rate of +1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+7.3% per year) and Turkey (+8.3% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by -4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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