EU: Insulating Fittings Market 2024

Insulating Fittings Market Size in the EU

In 2021, the EU insulating fittings market decreased by -13.1% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption saw a slight reduction. The growth pace was the most rapid in 2019 when the market value increased by 8.6%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Insulating Fittings Production in the EU

In value terms, insulating fittings production stood at $X in 2021 estimated in export price. Over the period under review, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Insulating Fittings Exports

Exports in the EU

Insulating fittings exports reached X tons in 2021, with an increase of 14% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 35%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, insulating fittings exports stood at $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the nine major exporters of insulating fittings for electrical purposes, namely Italy, Poland, Portugal, Spain, Germany, the Czech Republic, Croatia, Sweden and France, represented more than two-thirds 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 Poland (with a CAGR of +58.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 50% share of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +54.2%, 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 2021, the export price in the European Union amounted to $X per ton, waning by -7.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2013 an increase of 60%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.1%), while the other leaders experienced more modest paces of growth.

Insulating Fittings Imports

Imports in the EU

In 2021, overseas purchases of insulating fittings for electrical purposes decreased by -4.5% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 21% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, insulating fittings imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons), Germany (X tons), Spain (X tons), Sweden (X tons) and France (X tons) was the largest importer of insulating fittings for electrical purposes in the European Union, making up 60% of total import. It was distantly followed by the Netherlands (X tons), making up a 4.7% share of total imports. Poland (X tons), Romania (X tons), Belgium (X tons), Slovakia (X tons), Croatia (X tons), the Czech Republic (X tons) and Bulgaria (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +24.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest insulating fittings importing markets in the European Union were Germany ($X), the Netherlands ($X) and Spain ($X), with a combined 36% share of total imports. These countries were followed by Sweden, France, Romania, Italy, the Czech Republic, Poland, Belgium, Croatia, Slovakia and Bulgaria, which together accounted for a further 44%.

Sweden, with a CAGR of +17.4%, recorded the highest growth rate of 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

In 2021, the import price in the European Union amounted to $X per ton, picking up by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the 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 Netherlands ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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