China: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in China

The Chinese ceramic electrical insulator market surged to $X in 2022, rising by 29% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ceramic Electrical Insulator Production in China

In value terms, ceramic electrical insulator production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ceramic Electrical Insulator Exports

Exports from China

In 2022, the amount of electrical insulators of ceramics exported from China rose remarkably to X units, increasing by 8% compared with the previous year's figure. In general, exports, however, saw a pronounced curtailment. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ceramic electrical insulator exports skyrocketed to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for ceramic electrical insulator exports from China, with a 2,024% share of total exports. Moreover, ceramic electrical insulator exports to the United States exceeded the volume sent to the second major destination, Bangladesh (X units), twofold. The Philippines (X units) ranked third in terms of total exports with a 654% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+45.2% per year) and the Philippines (+19.1% per year).

In value terms, the United States ($X) remains the key foreign market for electrical insulators of ceramics exports from China, comprising 21% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 5.4% share of total exports. It was followed by Bangladesh, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+15.0% per year) and Bangladesh (+32.6% per year).

Export Prices by Country

The average ceramic electrical insulator export price stood at $X per unit in 2022, with an increase of 15% against the previous year. Overall, the export price continues to indicate a modest expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Bangladesh ($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 Iraq (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Ceramic Electrical Insulator Imports

Imports into China

In 2022, approx. X units of electrical insulators of ceramics were imported into China; surging by 3.8% against the previous year's figure. Over the period under review, imports continue to indicate a moderate expansion. The growth pace was the most rapid in 2016 when imports increased by 933%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, ceramic electrical insulator imports reduced notably to $X in 2022. In general, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of ceramic electrical insulator to China, accounting for a 39% share of total imports. Moreover, ceramic electrical insulator imports from Italy exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-10.0% per year) and the United States (-2.0% per year).

In value terms, the largest ceramic electrical insulator suppliers to China were Italy ($X), Sweden ($X) and Switzerland ($X), together comprising 82% of total imports.

Among the main suppliers, Italy, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ceramic electrical insulator import price amounted to $X per unit, shrinking by -18.7% against the previous year. Over the period under review, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 500% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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