Czech Republic: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in the Czech Republic

After two years of growth, the Czech glass electrical insulator market decreased by -29.8% to $X in 2021. Over the period under review, consumption showed a slight decline. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Glass Electrical Insulator Production in the Czech Republic

In value terms, glass electrical insulator production stood at $X in 2021 estimated in export price. Overall, production recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 80% against the previous year. Glass electrical insulator production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports from the Czech Republic

In 2021, the amount of glass electrical insulators exported from the Czech Republic expanded slightly to X units, surging by 2.3% against the year before. Overall, exports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of 60% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass electrical insulator exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 81%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X units) was the main destination for glass electrical insulator exports from the Czech Republic, with a 45% share of total exports. Moreover, glass electrical insulator exports to Poland exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was held by Georgia (X units), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Poland stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.1% per year) and Georgia (-7.5% per year).

In value terms, the largest markets for glass electrical insulator exported from the Czech Republic were the Netherlands ($X), Poland ($X) and Italy ($X), with a combined 66% share of total exports. These countries were followed by Germany, Georgia, France, Canada, Norway, Hungary, Spain and Australia, which together accounted for a further 25%.

Norway, with a CAGR of +123.3%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, jumping by 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. As a result, the export price reached 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 Italy ($X per unit), while the average price for exports to Georgia ($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 Italy (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into the Czech Republic

In 2021, after three years of growth, there was significant decline in purchases abroad of glass electrical insulators, when their volume decreased by -33.8% to X units. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,284% against the previous year. Imports peaked at X units in 2020, and then contracted significantly in the following year.

In value terms, glass electrical insulator imports reduced remarkably to $X in 2021. In general, imports, however, saw a moderate increase. The growth pace was the most rapid in 2019 with an increase of 73%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest glass electrical insulator supplier to the Czech Republic, accounting for a 60% share of total imports. Moreover, glass electrical insulator imports from France exceeded the figures recorded by the second-largest supplier, Spain (X units), sixfold. Switzerland (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +63.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+54.1% per year) and Switzerland (+229.1% per year).

In value terms, the largest glass electrical insulator suppliers to the Czech Republic were France ($X), Spain ($X) and Switzerland ($X), together accounting for 82% of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +165.2%, 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 2021, the average glass electrical insulator import price amounted to $X per unit, reducing by -10.8% against the previous year. Over the period under review, the import price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2017 an increase of 238%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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