France: Insulating Fittings Market 2024

Insulating Fittings Market Size in France

In 2021, the French insulating fittings market decreased by -13.5% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption posted a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Insulating Fittings Production in France

In value terms, insulating fittings production contracted rapidly to $X in 2021 estimated in export price. In general, production showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 407% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank dramatically in the following year.

Insulating Fittings Exports

Exports from France

In 2021, approx. X tons of insulating fittings for electrical purposes were exported from France; picking up by 22% on 2020 figures. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, insulating fittings exports shrank to $X in 2021. Overall, exports, however, recorded a mild curtailment. The growth pace was the most rapid in 2016 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for insulating fittings exports from France, with a 23% share of total exports. Moreover, insulating fittings exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), twofold. Senegal (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+2.6% per year) and Senegal (+47.5% per year).

In value terms, the largest markets for insulating fittings exported from France were Germany ($X), Switzerland ($X) and Spain ($X), together accounting for 41% of total exports. The United States, Brazil, India, Senegal, Italy, Morocco, China, Denmark, Algeria and Chile lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Chile, with a CAGR of +54.2%, saw the highest growth rate of 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

The average insulating fittings export price stood at $X per ton in 2021, dropping by -19.2% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into France

In 2021, approx. X tons of insulating fittings for electrical purposes were imported into France; picking up by 33% against 2020. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, insulating fittings imports soared to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest insulating fittings supplier to France, with a 53% share of total imports. Moreover, insulating fittings imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.1% per year) and Belgium (+3.5% per year).

In value terms, the largest insulating fittings suppliers to France were Germany ($X), Belgium ($X) and Spain ($X), together accounting for 48% of total imports. The Netherlands, China, Italy, the UK, Turkey, Romania and Switzerland lagged somewhat behind, together comprising a further 38%.

The Netherlands, with a CAGR of +47.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average insulating fittings import price amounted to $X per ton, rising by 2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 13%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($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 UK (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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