Iran: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Iran

After two years of growth, the Iranian ceramic electrical insulator market decreased by -9.9% to $X in 2022. In general, consumption, however, continues to indicate notable growth. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Ceramic Electrical Insulator Exports

Exports from Iran

In 2022, after ten years of growth, there was significant decline in overseas shipments of electrical insulators of ceramics, when their volume decreased by -8.9% to X units. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, ceramic electrical insulator exports shrank slightly to $X in 2022. Overall, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 1,064%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkmenistan (X units) was the main destination for ceramic electrical insulator exports from Iran, with a 2,102% share of total exports. Moreover, ceramic electrical insulator exports to Turkmenistan exceeded the volume sent to the second major destination, Afghanistan (X units), sixfold. The third position in this ranking was taken by Sri Lanka (X units), with a 205% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkmenistan stood at +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-12.7% per year) and Sri Lanka (-33.7% per year).

In value terms, Sri Lanka ($X) remains the key foreign market for electrical insulators of ceramics exports from Iran, comprising 44% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 14% share of total exports. It was followed by Afghanistan, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to Sri Lanka stood at -27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (+10.8% per year) and Afghanistan (-19.9% per year).

Export Prices by Country

The average ceramic electrical insulator export price stood at $X per unit in 2022, picking up by 5.5% against the previous year. In general, the export price, however, showed a perceptible descent. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Turkmenistan ($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 Sri Lanka (+10.1%), while the prices for the other major destinations experienced a decline.

Ceramic Electrical Insulator Imports

Imports into Iran

After two years of growth, overseas purchases of electrical insulators of ceramics decreased by -10.4% to X units in 2022. Overall, imports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2016 when imports increased by 1,497%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, ceramic electrical insulator imports totaled $X in 2022. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 89%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of ceramic electrical insulator to Iran, with a 562% share of total imports. Moreover, ceramic electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold. The third position in this ranking was held by India (X units), with a 41% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+5.9% per year) and India (-1.7% per year).

In value terms, Sweden ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest ceramic electrical insulator suppliers to Iran, with a combined 85% share of total imports.

The United Arab Emirates, with a CAGR of +8.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ceramic electrical insulator import price stood at $X per unit in 2022, picking up by 15% against the previous year. Over the period under review, the import price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 500% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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