Czech Republic: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in the Czech Republic

After two years of growth, the Czech electrical insulating fittings market decreased by -17.6% to $X in 2022. Overall, consumption, however, posted a prominent expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Electrical Insulating Fittings Production in the Czech Republic

In value terms, electrical insulating fittings production dropped markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 132%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Electrical Insulating Fittings Exports

Exports from the Czech Republic

After seven years of growth, shipments abroad of electrical insulating fittings of plastics decreased by -10.2% to X tons in 2022. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +99.2% against 2014 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 48% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, electrical insulating fittings exports reduced to $X in 2022. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X tons) was the main destination for electrical insulating fittings exports from the Czech Republic, with a 23% share of total exports. Moreover, electrical insulating fittings exports to Germany exceeded the volume sent to the second major destination, Morocco (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+20.2% per year) and Romania (+2.5% per year).

In value terms, Germany ($X) remains the key foreign market for electrical insulating fittings of plastics exports from the Czech Republic, comprising 23% of total exports. The second position in the ranking was held by China ($X), with a 9% share of total exports. It was followed by Romania, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.9% per year) and Romania (+7.6% per year).

Export Prices by Country

The average electrical insulating fittings export price stood at $X per ton in 2022, with an increase of 3.7% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulating fittings export price increased by +12.7% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into the Czech Republic

Electrical insulating fittings imports into the Czech Republic declined to X tons in 2022, falling by -12.7% compared with 2021. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +99.0% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, electrical insulating fittings imports declined to $X in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 43% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Hungary (X tons), Germany (X tons) and China (X tons) were the main suppliers of electrical insulating fittings imports to the Czech Republic, with a combined 71% share of total imports. Italy, Austria, Morocco and Mexico lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +168.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings suppliers to the Czech Republic were Hungary ($X), Germany ($X) and China ($X), together comprising 68% of total imports. Italy, Morocco, Mexico and Austria lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Morocco, with a CAGR of +140.2%, 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

In 2022, the average electrical insulating fittings import price amounted to $X per ton, growing by 9.6% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulating fittings import price increased by +5.5% against 2018 indices. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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