EU: Electrical Insulator Market 2025

Electrical Insulator Market Size in the EU

In 2022, the EU electrical insulator market decreased by -29.5% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 -31.2% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electrical Insulator Production in the EU

In value terms, electrical insulator production totaled $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -1.0% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 41% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electrical Insulator Exports

Exports in the EU

In 2022, the amount of electrical insulators exported in the European Union rose rapidly to X units, picking up by 11% compared with the year before. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, electrical insulator exports contracted to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 9.2% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Italy (X units) was the main exporter of electrical insulators, making up 65% of total exports. It was distantly followed by Spain (X units), generating a 31% share of total exports.

Italy experienced a relatively flat trend pattern with regard to volume of exports of electrical insulators. At the same time, Spain (+10.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +10.5% from 2012-2022. Spain (+16 p.p.) significantly strengthened its position in terms of the total exports, while Italy saw its share reduced by -16.7% from 2012 to 2022, respectively.

In value terms, Italy ($X) remains the largest electrical insulator supplier in the European Union, comprising 22% of total exports. The second position in the ranking was taken by Spain ($X), with a 4.5% share of total exports.

In Italy, electrical insulator exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, declining by -10.3% against the previous year. In general, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2021 when the export price increased by 19% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Spain totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.7%).

Electrical Insulator Imports

Imports in the EU

Electrical insulator imports soared to X units in 2022, with an increase of 17% compared with 2021 figures. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator imports reached $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 11%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) represented the largest importer of electrical insulators, committing 33% of total imports. It was distantly followed by France (X units), Portugal (X units), Spain (X units) and Greece (X units), together mixing up a 42% share of total imports. Finland (X units), Croatia (X units), Lithuania (X units), Estonia (X units), the Czech Republic (X units), Romania (X units) and Poland (X units) followed a long way behind the leaders.

Italy was also the fastest-growing in terms of the electrical insulators imports, with a CAGR of +24.7% from 2012 to 2022. At the same time, the Czech Republic (+20.8%), Croatia (+18.3%), Poland (+8.3%), Estonia (+8.2%), Finland (+7.0%), Lithuania (+5.2%), Spain (+2.2%), Portugal (+1.8%) and Greece (+1.7%) displayed positive paces of growth. By contrast, France (-2.4%) and Romania (-6.0%) illustrated a downward trend over the same period. Italy (+28 p.p.), Croatia (+1.9 p.p.) and the Czech Republic (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Romania, Portugal and France saw its share reduced by -3.3%, -3.4% and -14.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical insulator importing markets in the European Union were Italy ($X), France ($X) and Spain ($X), together accounting for 32% of total imports. The Czech Republic, Poland, Portugal, Romania, Finland, Croatia, Estonia, Greece and Lithuania lagged somewhat behind, together comprising a further 26%.

Among the main importing countries, Estonia, with a CAGR of +6.0%, recorded 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

The import price in the European Union stood at $X per unit in 2022, reducing by -13.7% against the previous year. Overall, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 16%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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