CIS: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in CIS

In 2021, after three years of decline, there was significant growth in the CIS glass electrical insulator market, when its value increased by 24% to $X. Over the period under review, consumption, however, showed a noticeable downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Glass Electrical Insulator Production in CIS

In value terms, glass electrical insulator production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports in CIS

In 2021, shipments abroad of glass electrical insulators increased by 3.4% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 85%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, glass electrical insulator exports stood at $X in 2021. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 67% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Russia prevails in exports structure, recording X units, which was approx. 98% of total exports in 2021. Kazakhstan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glass electrical insulator exports from Russia stood at +15.6%. At the same time, Kazakhstan (+50.2%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +50.2% from 2012-2021. From 2012 to 2021, the share of Kazakhstan increased by +2 percentage points.

In value terms, Russia ($X) remains the largest glass electrical insulator supplier in the CIS, comprising 97% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 3% share of total exports.

In Russia, glass electrical insulator exports expanded at an average annual rate of +9.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, reducing by -3.2% against the previous year. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by 9.3% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Russia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.6%).

Glass Electrical Insulator Imports

Imports in CIS

In 2021, the amount of glass electrical insulators imported in the CIS skyrocketed to X units, increasing by 21% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 61% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glass electrical insulator imports surged to $X in 2021. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 64%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of glass electrical insulator imports in 2021 were Russia (X units), Kazakhstan (X units), Uzbekistan (X units), Azerbaijan (X units) and Tajikistan (X units), together reaching 89% of total import. It was distantly followed by Belarus (X units), committing a 6.4% share of total imports. Armenia (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tajikistan (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Azerbaijan ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 60% of total imports. These countries were followed by Uzbekistan, Tajikistan, Belarus and Armenia, which together accounted for a further 39%.

In terms of the main importing countries, Tajikistan, with a CAGR of +41.8%, saw the highest growth rate of 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

The import price in the CIS stood at $X per unit in 2021, picking up by 1.8% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of 9.9%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :