Benelux: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Benelux

In 2021, the Benelux glass electrical insulator market increased by 77% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 +89.9% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Electrical Insulator Production in Benelux

In value terms, glass electrical insulator production reached $X in 2021 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2013 when the production volume increased by 4.3%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Glass Electrical Insulator Exports

Exports in Benelux

In 2021, overseas shipments of glass electrical insulators decreased by -21.1% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 70% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then contracted significantly in the following year.

In value terms, glass electrical insulator exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 28%. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

In 2021, the Netherlands (X units) was the key exporter of glass electrical insulators, committing 85% of total exports. It was distantly followed by Belgium (X units), achieving a 14% share of total exports.

The Netherlands was also the fastest-growing in terms of the glass electrical insulators exports, with a CAGR of +6.0% from 2012 to 2021. Belgium (-14.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +38 percentage points.

In value terms, the Netherlands ($X) remains the largest glass electrical insulator supplier in Benelux, comprising 95% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +2.4%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, jumping by 49% against the previous year. Overall, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 74% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%).

Glass Electrical Insulator Imports

Imports in Benelux

For the third year in a row, Benelux recorded growth in purchases abroad of glass electrical insulators, which increased by 359% to X units in 2021. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass electrical insulator imports surged to $X in 2021. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the largest importing country with an import of around X units, which recorded 87% of total imports. It was distantly followed by Belgium (X units), comprising a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the glass electrical insulators imports, with a CAGR of +35.1% from 2012 to 2021. At the same time, Belgium (+13.5%) displayed positive paces of growth. The Netherlands (+32 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -26.4% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported glass electrical insulators in Benelux, comprising 90% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +24.4%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, dropping by -26.9% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-5.0%).

Source: IndexBox Platform