Brazil: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Brazil

The Brazilian electrical insulating fittings market shrank slightly to $X in 2022, flattening at the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.1% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Electrical Insulating Fittings Production in Brazil

In value terms, electrical insulating fittings production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a slight contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from Brazil

In 2022, shipments abroad of electrical insulating fittings of plastics decreased by -14.8% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 37%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical insulating fittings exports declined sharply to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 38%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons), Liberia (X tons) and Uruguay (X tons) were the main destinations of electrical insulating fittings exports from Brazil, with a combined 66% share of total exports. The United States, Argentina, Bolivia, Paraguay, Egypt, Chile, the Czech Republic, Japan, China and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +58.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X) emerged as the key foreign market for electrical insulating fittings of plastics exports from Brazil, comprising 37% of total exports. The second position in the ranking was held by Liberia ($X), with an 18% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Uruguay stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (0.0% per year) and the United States (-11.4% per year).

Export Prices by Country

The average electrical insulating fittings export price stood at $X per ton in 2022, with a decrease of -19.4% against the previous year. In general, the export price recorded a pronounced curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Insulating Fittings Imports

Imports into Brazil

In 2022, purchases abroad of electrical insulating fittings of plastics decreased by -12.1% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electrical insulating fittings imports dropped sharply to $X in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of electrical insulating fittings to Brazil, with a 49% share of total imports. Moreover, electrical insulating fittings imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-6.0% per year) and Germany (-16.5% per year).

In value terms, China ($X) constituted the largest supplier of electrical insulating fittings of plastics to Brazil, comprising 35% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.5% share of total imports. It was followed by Japan, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.7% per year) and Japan (-4.5% per year).

Import Prices by Country

The average electrical insulating fittings import price stood at $X per ton in 2022, waning by -5.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Mexico ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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