Eastern Europe: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Eastern Europe

The East European electrical insulating fittings market reduced to $X in 2022, waning by -5.7% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Insulating Fittings Production in Eastern Europe

In value terms, electrical insulating fittings production dropped to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +26.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 43%. Over the period under review, production attained the maximum level at $X in 2021, and then shrank in the following year.

Electrical Insulating Fittings Exports

Exports in Eastern Europe

In 2022, approx. X tons of electrical insulating fittings of plastics were exported in Eastern Europe; reducing by -5.4% on 2021 figures. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +2.8% against 2020 indices. The pace of growth was the most pronounced in 2015 when exports increased by 25% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electrical insulating fittings exports declined to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 20% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, the Czech Republic (X tons) was the key exporter of electrical insulating fittings of plastics, creating 49% of total exports. It was distantly followed by Hungary (X tons), Poland (X tons) and Romania (X tons), together creating a 44% share of total exports. Slovakia (X tons) and Russia (X tons) followed a long way behind the leaders.

Exports from the Czech Republic increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, Romania (+23.7%), Russia (+12.7%), Hungary (+6.0%) and Poland (+2.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +23.7% from 2012-2022. By contrast, Slovakia (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania and Hungary increased by +7.1 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Hungary ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 90% share of total exports.

Romania, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, dropping by -1.8% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +45.9% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.6%), while the other leaders experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports in Eastern Europe

In 2022, approx. X tons of electrical insulating fittings of plastics were imported in Eastern Europe; which is down by -3.6% compared with the previous year. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +13.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 21% against the previous year. The volume of import peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, electrical insulating fittings imports fell to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +15.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the Czech Republic (X tons), distantly followed by Romania (X tons), Hungary (X tons), Poland (X tons), Bulgaria (X tons), Ukraine (X tons) and Slovakia (X tons) were the major importers of electrical insulating fittings of plastics, together achieving 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Romania ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 67% share of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of +11.3%, saw 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 2022, the import price in Eastern Europe amounted to $X per ton, waning by -3.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9.5%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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