Denmark: Electrical Insulator Market 2024

Electrical Insulator Market Size in Denmark

The Danish electrical insulator market dropped to $X in 2022, with a decrease of -2% against the previous year. In general, the total consumption indicated modest growth from 2012 to 2022: its value 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, consumption decreased by -9.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Electrical Insulator Production in Denmark

In value terms, electrical insulator production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a dramatic slump. The growth pace was the most rapid in 2017 with an increase of 641% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Electrical Insulator Exports

Exports from Denmark

In 2022, overseas shipments of electrical insulators decreased by -65.8% to X units, falling for the third year in a row after three years of growth. In general, exports saw a mild decline. The pace of growth was the most pronounced in 2015 when exports increased by 172%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electrical insulator exports dropped sharply to $X in 2022. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2015 when exports increased by 56% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units), Thailand (X units) and Poland (X units) were the main destinations of electrical insulator exports from Denmark, together accounting for 55% of total exports. Kenya, the United States, Sweden, South Korea, Portugal, India, China and the Philippines lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +5,300.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical insulator exported from Denmark were Thailand ($X), Poland ($X) and the United States ($X), with a combined 53% share of total exports. Sweden, Greece, China, India, Kenya, South Korea, Portugal and the Philippines lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Kenya, with a CAGR of +1,869.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical insulator export price amounted to $X per unit, surging by 44% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 115% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 China ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+41.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Denmark

In 2022, approx. X units of electrical insulators were imported into Denmark; increasing by 35% compared with 2021. Overall, imports, however, showed a perceptible decrease. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electrical insulator imports surged to $X in 2022. In general, imports continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 50%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Sweden (X units), Germany (X units) and India (X units) were the main suppliers of electrical insulator imports to Denmark, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of electrical insulators to Denmark, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.6% per year) and the Netherlands (+7.0% per year).

Import Prices by Country

The average electrical insulator import price stood at $X per unit in 2022, shrinking by -5.4% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulator import price increased by +68.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 117% against the previous year. The import price peaked at $X per unit in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :