Italy: Electrical Insulator Market 2024

Electrical Insulator Market Size in Italy

In 2022, after three years of growth, there was significant decline in the Italian electrical insulator market, when its value decreased by -38.7% to $X. Over the period under review, consumption, however, enjoyed a noticeable increase. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped markedly in the following year.

Electrical Insulator Production in Italy

In value terms, electrical insulator production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Electrical Insulator Exports

Exports from Italy

In 2022, exports of electrical insulators from Italy soared to X units, with an increase of 52% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, electrical insulator exports expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Canada (X units) and the UK (X units) were the main destinations of electrical insulator exports from Italy, together accounting for 59% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +48.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Canada ($X) appeared to be the largest markets for electrical insulator exported from Italy worldwide, together accounting for 30% of total exports.

The United States, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, reducing by -27.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Thailand ($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 Saudi Arabia (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Italy

In 2022, overseas purchases of electrical insulators increased by 31% to X units, rising for the sixth year in a row after two years of decline. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, electrical insulator imports expanded significantly to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.8% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical insulator to Italy, accounting for a 41% share of total imports. Moreover, electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. The third position in this ranking was held by Spain (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+35.3% per year) and Spain (+38.8% per year).

In value terms, China ($X) constituted the largest supplier of electrical insulators to Italy, comprising 37% of total imports. The second position in the ranking was taken by Spain ($X), with a 5.7% share of total imports. It was followed by Romania, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+27.2% per year) and Romania (+2.0% per year).

Import Prices by Country

The average electrical insulator import price stood at $X per unit in 2022, with a decrease of -16.5% against the previous year. Overall, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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