CIS: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in CIS

The CIS electrical insulating fittings market dropped to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electrical Insulating Fittings Production in CIS

In value terms, electrical insulating fittings production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports in CIS

In 2022, shipments abroad of electrical insulating fittings of plastics increased by 0.3% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 82% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical insulating fittings exports expanded significantly to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by 32%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Russia was the largest exporter of electrical insulating fittings of plastics in the CIS, with the volume of exports recording X tons, which was near 70% of total exports in 2022. It was distantly followed by Belarus (X tons), constituting a 29% share of total exports.

Russia was also the fastest-growing in terms of the electrical insulating fittings of plastics exports, with a CAGR of +12.7% from 2012 to 2022. At the same time, Belarus (+2.6%) displayed positive paces of growth. From 2012 to 2022, the share of Russia increased by +23 percentage points.

In value terms, Russia ($X) and Belarus ($X) appeared to be the countries with the highest levels of exports in 2022.

Russia, with a CAGR of +5.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with an increase of 6.1% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 6.8%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-1.1%).

Electrical Insulating Fittings Imports

Imports in CIS

In 2022, electrical insulating fittings imports in the CIS shrank slightly to X tons, stabilizing at 2021. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulating fittings imports declined to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 48% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) represented the key importer of electrical insulating fittings of plastics, mixing up 64% of total imports. It was distantly followed by Moldova (X tons), committing a 27% share of total imports. Kazakhstan (X tons) and Belarus (X tons) held a minor share of total imports.

Russia was also the fastest-growing in terms of the electrical insulating fittings of plastics imports, with a CAGR of +6.1% from 2012 to 2022. At the same time, Kazakhstan (+4.7%) and Moldova (+3.9%) displayed positive paces of growth. By contrast, Belarus (-12.7%) illustrated a downward trend over the same period. Russia (+13 p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by -14.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electrical insulating fittings of plastics in the CIS, comprising 65% of total imports. The second position in the ranking was held by Moldova ($X), with a 27% share of total imports. It was followed by Belarus, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +6.0%. The remaining importing countries recorded the following average annual rates of imports growth: Moldova (+0.2% per year) and Belarus (-7.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, dropping by -5.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 9.8%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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