India: Electrical Insulator Market 2025

Electrical Insulator Market Size in India

The Indian electrical insulator market stood at $X in 2022, stabilizing at the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electrical Insulator Production in India

In value terms, electrical insulator production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 112% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Electrical Insulator Exports

Exports from India

In 2022, shipments abroad of electrical insulators increased by 18% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +41.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, electrical insulator exports skyrocketed to $X in 2022. Overall, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X units), Belgium (X units) and Poland (X units) were the main destinations of electrical insulator exports from India, with a combined 45% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +54.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Bangladesh ($X) and Germany ($X) appeared to be the largest markets for electrical insulator exported from India worldwide, together comprising 55% of total exports. Poland, the United Arab Emirates, Nepal, Saudi Arabia, Mexico, Turkey, Brazil, France, the Netherlands and Belgium lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, Poland, with a CAGR of +52.6%, recorded 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

In 2022, the average electrical insulator export price amounted to $X per unit, surging by 11% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulator export price increased by +50.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 59% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into India

In 2022, imports of electrical insulators into India dropped to X units, shrinking by -9.4% against the previous year. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 36%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electrical insulator imports rose sharply to $X in 2022. Overall, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical insulator to India, with a 67% share of total imports. Moreover, electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. The third position in this ranking was held by Italy (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.1% per year) and Italy (-10.6% per year).

In value terms, China ($X) constituted the largest supplier of electrical insulators to India, comprising 67% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.7% share of total imports. It was followed by France, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.3% per year) and France (+13.4% per year).

Import Prices by Country

In 2022, the average electrical insulator import price amounted to $X per unit, jumping by 18% against the previous year. In general, the import price showed prominent growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 87% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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