Report Update Nov 1, 2024

Ireland - Insulating Fittings for Electrical Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Insulating Fittings Market 2024

Insulating Fittings Market Size in Ireland

In 2021, the Irish insulating fittings market decreased by -90.8% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Insulating Fittings Exports

Exports from Ireland

In 2021, overseas shipments of insulating fittings for electrical purposes increased by 287% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a mild slump. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, insulating fittings exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and the UK (X tons) were the main destinations of insulating fittings exports from Ireland, with a combined 70% share of total exports. These countries were followed by Sweden, Saudi Arabia, Russia, Taiwan (Chinese), Australia, Hong Kong SAR, Italy and the United Arab Emirates, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +237.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Russia ($X) were the largest markets for insulating fittings exported from Ireland worldwide, together comprising 55% of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +186.9%, 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, shrinking by -26.6% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth appeared the most rapid in 2015 an increase of 178% against the previous year. The export price peaked at $X per ton in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Sweden ($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 Russia (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into Ireland

In 2021, after two years of growth, there was significant decline in overseas purchases of insulating fittings for electrical purposes, when their volume decreased by -93.2% to X tons. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, imports reached the peak of X tons, and then declined significantly in the following year.

In value terms, insulating fittings imports contracted notably to $X in 2021. In general, imports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 103%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of insulating fittings to Ireland, with a 57% share of total imports. Moreover, insulating fittings imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.0% per year) and the Netherlands (+28.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of insulating fittings for electrical purposes to Ireland, comprising 62% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by the UK, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +101.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+109.9% per year) and the UK (-19.1% per year).

Import Prices by Country

The average insulating fittings import price stood at $X per ton in 2021, surging by 446% against the previous year. Over the period under review, the import price enjoyed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($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 Netherlands (+57.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for insulating fittings for electrical purposes in the world?

China remains the largest insulating fittings consuming country worldwide, accounting for 26% of total volume. Moreover, insulating fittings consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Nigeria ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of insulating fittings for electrical purposes in the world?

China constituted the country with the largest volume of insulating fittings production, accounting for 38% of total volume. Moreover, insulating fittings production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by Japan, with a 5.7% share.

What are the leading suppliers of insulating fittings for electrical purposes to Ireland?

In value terms, the UK constituted the largest supplier of insulating fittings to Ireland, comprising 66% of total imports. The second position in the ranking was occupied by the Netherlands, with a 24% share of total imports.

What are the leading importers of insulating fittings for electrical purposes from Ireland?

In value terms, the United States emerged as the key foreign market for insulating fittings exports from Ireland, comprising 79% of total exports. The second position in the ranking was occupied by China, with an 8.5% share of total exports. It was followed by the UK, with a 7.4% share.

What is the average export price for insulating fittings for electrical purposes in Ireland?

In 2020, the average insulating fittings export price amounted to $59,540 per ton, increasing by 157% against the previous year.

What is the average import price for insulating fittings for electrical purposes in Ireland?

In 2020, the average insulating fittings import price amounted to $5,088 per ton, falling by -38.2% against the previous year.

This report provides an in-depth analysis of the insulating fittings market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27901280 - Insulating fittings for electrical purposes, of materials other than ceramics or plastics, electrical conduit tubing and joints therefor, of base metal lined with insulating material

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023