Eastern Asia: Electrical Insulator Market 2025

Electrical Insulator Market Size in Eastern Asia

The East Asian electrical insulator market rose markedly to $X in 2022, picking up by 9% against the previous year. In general, consumption recorded a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electrical Insulator Production in Eastern Asia

In value terms, electrical insulator production expanded notably to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Electrical Insulator Exports

Exports in Eastern Asia

In 2022, exports of electrical insulators in Eastern Asia skyrocketed to X units, picking up by 16% on the previous year. In general, exports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2013 with an increase of 51% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical insulator exports surged to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of electrical insulators, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the electrical insulators exports, with a CAGR of -2.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest electrical insulator supplier in Eastern Asia.

In China, electrical insulator exports expanded at an average annual rate of +1.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, rising by 5.7% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulator export price increased by +16.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 35%. The level of export peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.3% per year.

Electrical Insulator Imports

Imports in Eastern Asia

In 2022, overseas purchases of electrical insulators decreased by -28.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2016 with an increase of 214% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical insulator imports declined to $X in 2022. Overall, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea was the major importer of electrical insulators in Eastern Asia, with the volume of imports amounting to X units, which was near 56% of total imports in 2022. China (X units) took a 35% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (5.3%). The following importers - Japan (X units) and Hong Kong SAR (X units) - each recorded a 4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +38.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported electrical insulators in Eastern Asia, comprising 53% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 14% share.

In China, electrical insulator imports contracted by an average annual rate of -3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-3.4% per year) and Taiwan (Chinese) (-1.6% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, growing by 30% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 376% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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