China: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in China

After four years of decline, the Chinese glass electrical insulator market increased by 30% to $X in 2021. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Glass Electrical Insulator Production in China

In value terms, glass electrical insulator production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 18%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Glass Electrical Insulator Exports

Exports from China

In 2021, after two years of growth, there was significant decline in shipments abroad of glass electrical insulators, when their volume decreased by -24.4% to X units. In general, exports recorded a deep slump. The growth pace was the most rapid in 2013 when exports increased by 18% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass electrical insulator exports dropped sharply to $X in 2021. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 25% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X units), the United States (X units) and Vietnam (X units) were the main destinations of glass electrical insulator exports from China, with a combined 44% share of total exports. Pakistan, Turkey, Indonesia, Chile, Afghanistan, Tanzania, Mongolia, Myanmar, Australia and the UK lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +128.3%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Pakistan ($X) constituted the largest markets for glass electrical insulator exported from China worldwide, together comprising 48% of total exports.

In terms of the main countries of destination, Pakistan, with a CAGR of +124.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glass electrical insulator export price amounted to $X per unit, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into China

In 2021, supplies from abroad of glass electrical insulators increased by 17% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 13,652% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, glass electrical insulator imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 403% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) was the main glass electrical insulator supplier to China, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +134.4%.

In value terms, Italy ($X) constituted the largest supplier of glass electrical insulators to China.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +109.8%.

Import Prices by Country

In 2021, the average glass electrical insulator import price amounted to $X per unit, rising by 18% against the previous year. In general, the import price, however, continues to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2018 an increase of 1,081% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to -10.4% per year.

Source: IndexBox Platform

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