CIS: Electrical Insulator Market 2024

Electrical Insulator Market Size in CIS

The CIS electrical insulator market fell to $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, enjoyed a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electrical Insulator Production in CIS

In value terms, electrical insulator production reduced to $X in 2022 estimated in export price. In general, production, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 428% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electrical Insulator Exports

Exports in CIS

In 2022, overseas shipments of electrical insulators increased by 100% to X units, rising for the fourth consecutive year after two years of decline. In general, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator exports reduced to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 35%. The level of export peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Uzbekistan (X units) and Russia (X units) represented the largest exporters of electrical insulators in 2022, reaching near 50% and 38% of total exports, respectively. It was distantly followed by Kazakhstan (X units), mixing up a 12% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of +433.9%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest electrical insulator supplier in the CIS, comprising 96% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 1.9% share of total exports.

In Russia, electrical insulator exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+16.8% per year) and Uzbekistan (+90.6% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, falling by -51% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2018 an increase of 45% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.3%), while the other leaders experienced a decline in the export price figures.

Electrical Insulator Imports

Imports in CIS

In 2022, purchases abroad of electrical insulators decreased by -6.5% to X units for the first time since 2018, thus ending a three-year rising trend. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +14.4% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 31%. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, electrical insulator imports fell to $X in 2022. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units) and Kazakhstan (X units) represented the key importers of electrical insulators in 2022, amounting to near 35% and 28% of total imports, respectively. It was distantly followed by Azerbaijan (X units), Uzbekistan (X units), Belarus (X units) and Tajikistan (X units), together comprising a 35% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +26.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported electrical insulators in the CIS, comprising 55% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total imports. It was followed by Uzbekistan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled -4.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-7.5% per year) and Uzbekistan (+21.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, shrinking by -2.7% against the previous year. In general, the import price showed a deep setback. The pace of growth was the most pronounced in 2016 when the import price increased by 5.8% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :