Eastern Europe: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Eastern Europe

In 2022, the East European ceramic electrical insulator market increased by 5.1% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, continues to indicate significant growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Ceramic Electrical Insulator Production in Eastern Europe

In value terms, ceramic electrical insulator production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 6,512% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Ceramic Electrical Insulator Exports

Exports by Country

Slovakia (X units), Hungary (X units) and Romania (X units) represented roughly 66% of total exports in 2022. Russia (X units) ranks next in terms of the total exports with a 13% share, followed by Poland (12%) and the Czech Republic (5.7%).

From 2020 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +9.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Slovakia ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 65% share of total exports. Poland, Russia and the Czech Republic lagged somewhat behind, together comprising a further 32%.

Among the main exporting countries, Poland, with a CAGR of +19.4%, 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 export price in Eastern Europe amounted to $X per unit, growing by 14% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.7%), while the other leaders experienced mixed trends in the export price figures.

Ceramic Electrical Insulator Imports

Imports in Eastern Europe

After two years of growth, supplies from abroad of electrical insulators of ceramics decreased by -4.6% to X units in 2022. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 741% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced in the following year.

In value terms, ceramic electrical insulator imports expanded notably to $X in 2022. Overall, imports showed a pronounced slump. The pace of growth was the most pronounced in 2017 when imports increased by 15%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the largest importer of electrical insulators of ceramics in Eastern Europe, with the volume of imports resulting at X units, which was near 32% of total imports in 2022. The Czech Republic (X units) took the second position in the ranking, followed by Poland (X units), Ukraine (X units), Bulgaria (X units), Hungary (X units), Belarus (X units) and Slovakia (X units). All these countries together held near 59% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ceramic electrical insulator imports into Russia stood at +6.1%. At the same time, Slovakia (+17.9%), Bulgaria (+17.4%), the Czech Republic (+13.3%), Poland (+11.2%), Belarus (+6.5%) and Hungary (+6.0%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +17.9% from 2012-2022. By contrast, Ukraine (-4.5%) illustrated a downward trend over the same period. While the share of the Czech Republic (+7.2 p.p.), Bulgaria (+4.4 p.p.), Poland (+3.6 p.p.) and Slovakia (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-1.7 p.p.) and Ukraine (-17.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ceramic electrical insulator importing markets in Eastern Europe were Russia ($X), the Czech Republic ($X) and Bulgaria ($X), with a combined 63% share of total imports.

Bulgaria, with a CAGR of +11.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 unit, picking up by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by 500% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Bulgaria ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (-5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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