EU: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in the EU

The EU glass electrical insulator market fell slightly to $X in 2021, remaining stable against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Glass Electrical Insulator Production in the EU

In value terms, glass electrical insulator production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 with an increase of 45%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Glass Electrical Insulator Exports

Exports in the EU

Glass electrical insulator exports reduced rapidly to X units in 2021, waning by -28.5% compared with 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 25%. Over the period under review, the exports reached the peak figure at X units in 2020, and then dropped notably in the following year.

In value terms, glass electrical insulator exports contracted notably to $X in 2021. Over the period under review, exports recorded a perceptible slump. The growth pace was the most rapid in 2013 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Spain (X units) and Italy (X units), together reaching 97% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of +15.2%).

In value terms, the largest glass electrical insulator supplying countries in the European Union were Italy ($X) and Spain ($X).

Spain, with a CAGR of +7.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, growing by 5.7% against the previous year. Overall, the export price, however, showed a noticeable slump. The growth pace was the most rapid in 2013 when the export price increased by 12%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Spain stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.7%).

Glass Electrical Insulator Imports

Imports in the EU

In 2021, overseas purchases of glass electrical insulators increased by 5.5% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 50%. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, glass electrical insulator imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.5% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of glass electrical insulators, namely France, Portugal, the Netherlands and Italy, represented more than half of total import. Estonia (X units) held a 5.5% share (based on physical terms) of total imports, which put it in second place, followed by Poland (5%), Greece (4.8%) and Finland (4.6%). The Czech Republic (X units), Germany (X units), Sweden (X units), Spain (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +45.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass electrical insulator importing markets in the European Union were the Netherlands ($X), Italy ($X) and France ($X), together comprising 57% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +24.4%, recorded the highest growth rate of 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 2021, with an increase of 19% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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