EU: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in the EU

In 2022, the EU electrical insulating fittings market increased by 1.6% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Electrical Insulating Fittings Production in the EU

In value terms, electrical insulating fittings production declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Electrical Insulating Fittings Exports

Exports in the EU

In 2022, the amount of electrical insulating fittings of plastics exported in the European Union declined slightly to X tons, with a decrease of -3.7% compared with 2021. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.9% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 18% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electrical insulating fittings exports dropped to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany represented the major exporting country with an export of around X tons, which reached 36% of total exports. The Czech Republic (X tons) took the second position in the ranking, distantly followed by Austria (X tons), Hungary (X tons) and Belgium (X tons). All these countries together took near 41% share of total exports. Italy (X tons), Spain (X tons), Poland (X tons), France (X tons) and Romania (X tons) held a relatively small share of total exports.

Exports from Germany increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Romania (+23.7%), Belgium (+17.0%), Spain (+7.1%), Hungary (+6.0%), Austria (+5.6%), France (+3.0%), the Czech Republic (+2.8%) and Poland (+2.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +23.7% from 2012-2022. Italy experienced a relatively flat trend pattern. Belgium (+5.3 p.p.), Germany (+4.4 p.p.) and Romania (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic and Italy saw its share reduced by -1.6% and -1.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electrical insulating fittings supplier in the European Union, comprising 41% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total exports. It was followed by Hungary, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +6.7%. In the other countries, the average annual rates were as follows: the Czech Republic (+10.7% per year) and Hungary (+8.4% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, falling by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2021 when the export price increased by 9.6%. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.6%), while the other leaders experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports in the EU

In 2022, imports of electrical insulating fittings of plastics in the European Union dropped to X tons, which is down by -3.6% compared with 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, electrical insulating fittings imports reduced to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons) and the Czech Republic (X tons) represented roughly 40% of total imports in 2022. Romania (X tons) ranks next in terms of the total imports with an 11% share, followed by Hungary (9.6%), Poland (7.8%), Italy (7.3%) and Belgium (6.1%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings importing markets in the European Union were Germany ($X), the Czech Republic ($X) and Romania ($X), with a combined 61% share of total imports. Hungary, Poland, Belgium and Italy lagged somewhat behind, together accounting for a further 24%.

Belgium, with a CAGR of +13.1%, saw 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 2022, the import price in the European Union amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2018 when the import price increased by 8.7%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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