Eastern Asia: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in Eastern Asia

The East Asian electrical insulating fittings market contracted modestly to $X in 2022, declining by -2.9% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electrical Insulating Fittings Production in Eastern Asia

In value terms, electrical insulating fittings production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 31%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports in Eastern Asia

Electrical insulating fittings exports shrank to X tons in 2022, waning by -4.7% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, electrical insulating fittings exports contracted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, Japan (X tons) and China (X tons) were the key exporters of electrical insulating fittings of plastics in Eastern Asia, together achieving 69% of total exports. It was distantly followed by South Korea (X tons) and Hong Kong SAR (X tons), together creating a 26% share of total exports. Taiwan (Chinese) (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +19.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest electrical insulating fittings supplier in Eastern Asia, comprising 47% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports. It was followed by South Korea, with an 18% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to -1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+1.8% per year) and South Korea (+3.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, dropping by -2.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 8.6% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Electrical Insulating Fittings Imports

Imports in Eastern Asia

In 2022, purchases abroad of electrical insulating fittings of plastics decreased by -7.6% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, electrical insulating fittings imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

China was the main importing country with an import of around X tons, which reached 60% of total imports. South Korea (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Japan (14%). The following importers - Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) - each amounted to a 6% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of electrical insulating fittings of plastics. At the same time, South Korea (+17.6%), Taiwan (Chinese) (+4.2%) and Japan (+4.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +17.6% from 2012-2022. By contrast, Hong Kong SAR (-9.4%) illustrated a downward trend over the same period. While the share of South Korea (+15 p.p.) and Japan (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-7.5 p.p.) and China (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electrical insulating fittings of plastics in Eastern Asia, comprising 68% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +1.8%. In the other countries, the average annual rates were as follows: South Korea (+9.1% per year) and Japan (+3.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 4.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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