Belgium: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Belgium

The Belgian ceramic electrical insulator market contracted remarkably to $X in 2022, with a decrease of -29.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ceramic Electrical Insulator Exports

Exports from Belgium

In 2022, after ten years of growth, there was significant decline in overseas shipments of electrical insulators of ceramics, when their volume decreased by -26.7% to X units. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 115%. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, ceramic electrical insulator exports reduced notably to $X in 2022. In general, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 159% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), Germany (X units) and Poland (X units) were the main destinations of ceramic electrical insulator exports from Belgium.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +209.1%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Germany ($X) and India ($X) constituted the largest markets for ceramic electrical insulator exported from Belgium worldwide, together comprising 33% of total exports.

Taiwan (Chinese), with a CAGR of +189.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic electrical insulator export price stood at $X per unit in 2022, waning by -55.2% against the previous year. Overall, the export price recorded a significant decrease. The pace of growth was the most pronounced in 2021 when the average export price decreased by -10.6%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Luxembourg ($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 India (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Electrical Insulator Imports

Imports into Belgium

In 2022, imports of electrical insulators of ceramics into Belgium declined notably to X units, with a decrease of -28.7% compared with 2021 figures. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 873%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic electrical insulator imports fell dramatically to $X in 2022. Over the period under review, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ceramic electrical insulator to Belgium, with a 78% share of total imports. Moreover, ceramic electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by France (X units), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.7% per year) and France (-24.5% per year).

In value terms, the largest ceramic electrical insulator suppliers to Belgium were Germany ($X), China ($X) and France ($X), together comprising 70% of total imports. The United States, Italy, Austria and Sweden lagged somewhat behind, together accounting for a further 11%.

The United States, with a CAGR of -1.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average ceramic electrical insulator import price amounted to $X per unit, shrinking by -6% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 500%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :