EU: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in the EU

The EU ceramic electrical insulator market totaled $X in 2022, with an increase of 11% against the previous year. Over the period under review, consumption, however, continues to indicate a significant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Ceramic Electrical Insulator Production in the EU

In value terms, ceramic electrical insulator production surged to $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,618% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ceramic Electrical Insulator Exports

Exports by Country

Germany represented the main exporting country with an export of around X units, which amounted to 33% of total exports. It was distantly followed by Italy (X units), Slovakia (X units), Hungary (X units), Romania (X units), Portugal (X units), France (X units) and Poland (X units), together comprising a 57% share of total exports.

From 2020 to 2022, average annual rates of growth with regard to ceramic electrical insulator exports from Germany stood at +3.7%. At the same time, Hungary (+9.2%), Italy (+7.7%), France (+5.2%), Poland (+4.0%), Portugal (+3.2%) and Slovakia (+2.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +9.2% from 2020-2022. Romania experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Hungary ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 57% share of total exports.

Italy, with a CAGR of +20.6%, 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

In 2022, the export price in the European Union amounted to $X per unit, with an increase of 23% against the previous year. Over the last two years, it increased at an average annual rate of +4.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per unit) and Italy ($X per unit), while Portugal ($X per unit) and Romania ($X per unit) were 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 more modest paces of growth.

Ceramic Electrical Insulator Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in overseas purchases of electrical insulators of ceramics, when their volume decreased by -16.3% to X units. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 672% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then contracted remarkably in the following year.

In value terms, ceramic electrical insulator imports rose remarkably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 13%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units) and Germany (X units) represented roughly 39% of total imports in 2022. Austria (X units) took the next position in the ranking, followed by France (X units), Sweden (X units), the Netherlands (X units), the Czech Republic (X units) and Spain (X units). All these countries together took near 39% share of total imports. The following importers - Croatia (X units), Poland (X units), Bulgaria (X units), Hungary (X units) and Slovakia (X units) - together made up 15% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Austria (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic electrical insulator importing markets in the European Union were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 46% share of total imports. Austria, the Czech Republic, Spain, France, Sweden, Croatia, Bulgaria, Poland, Hungary and Slovakia lagged somewhat behind, together comprising a further 44%.

Bulgaria, with a CAGR of +11.5%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in the European Union stood at $X per unit in 2022, jumping by 30% against the previous year. Overall, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 500%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per unit), while Slovakia ($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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