Egypt: Electrical Insulator Market 2024

Electrical Insulator Market Size in Egypt

The Egyptian electrical insulator market dropped to $X in 2022, with a decrease of -1.9% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value 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, consumption decreased by -9.6% against 2019 indices. Electrical insulator consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electrical Insulator Production in Egypt

In value terms, electrical insulator production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value 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, production decreased by -8.2% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 47% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Electrical Insulator Exports

Exports from Egypt

In 2022, approx. X units of electrical insulators were exported from Egypt; jumping by 58% compared with the year before. Over the period under review, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 3,007% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electrical insulator exports reduced rapidly to $X in 2022. In general, exports posted temperate growth. The most prominent rate of growth was recorded in 2016 when exports increased by 3,119% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for electrical insulator exports from Egypt, accounting for a 55% share of total exports. Moreover, electrical insulator exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X units), twofold. The third position in this ranking was taken by Iraq (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-8.1% per year) and Iraq (-0.3% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for electrical insulators exports from Egypt, comprising 65% of total exports. The second position in the ranking was taken by Jordan ($X), with a 17% share of total exports. It was followed by Iraq, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +66.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-6.2% per year) and Iraq (-40.8% per year).

Export Prices by Country

The average electrical insulator export price stood at $X per unit in 2022, reducing by -72.3% against the previous year. Overall, the export price, however, recorded a significant expansion. The growth pace was the most rapid in 2018 an increase of 3,991% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Sudan ($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 Poland (+104.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Egypt

After three years of decline, supplies from abroad of electrical insulators increased by 117% to X units in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 999%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical insulator imports skyrocketed to $X in 2022. In general, imports enjoyed a slight expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 340%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), India (X units) and Turkey (X units) were the main suppliers of electrical insulator imports to Egypt, together comprising 69% of total imports. Germany, China, the Czech Republic, France, Switzerland and Japan lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electrical insulators to Egypt, comprising 41% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.5% per year) and Germany (+4.1% per year).

Import Prices by Country

The average electrical insulator import price stood at $X per unit in 2022, declining by -45.6% against the previous year. In general, the import price, however, showed a measured expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 182% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined dramatically 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 China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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