India: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in India

For the eleventh consecutive year, the Indian electrical insulating fittings market recorded growth in sales value, which increased by 4.8% to $X in 2022. Overall, consumption showed a buoyant increase. Electrical insulating fittings consumption peaked in 2022 and is expected to retain growth in years to come.

Electrical Insulating Fittings Production in India

In value terms, electrical insulating fittings production totaled $X in 2022 estimated in export price. In general, production saw a prominent expansion. The growth pace was the most rapid in 2014 when the production volume increased by 37% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from India

Electrical insulating fittings exports from India skyrocketed to X tons in 2022, surging by 17% compared with the previous year. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2015 when exports increased by 60%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, electrical insulating fittings exports soared to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) were the main destinations of electrical insulating fittings exports from India, with a combined 69% share of total exports. Malaysia, the United States, Germany, the UK, Indonesia, Thailand, Belgium and France lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +55.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the largest markets for electrical insulating fittings exported from India worldwide, with a combined 54% share of total exports. The United States, Germany, Indonesia, Malaysia, Thailand, the UK, France and Belgium lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Indonesia, with a CAGR of +61.8%, recorded 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 2022, the average electrical insulating fittings export price amounted to $X per ton, surging by 3.8% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulating fittings export price increased by +55.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into India

In 2022, the amount of electrical insulating fittings of plastics imported into India surged to X tons, picking up by 21% against the previous year. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electrical insulating fittings imports fell to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 51%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest electrical insulating fittings supplier to India, accounting for a 41% share of total imports. Moreover, electrical insulating fittings imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.1% per year) and Singapore (+45.3% per year).

In value terms, South Korea ($X), Japan ($X) and Singapore ($X) were the largest electrical insulating fittings suppliers to India, together accounting for 61% of total imports.

Singapore, with a CAGR of +41.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per ton in 2022, reducing by -23.3% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulating fittings import price decreased by -39.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 40% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :