Italy: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Italy

The Italian ceramic electrical insulator market fell significantly to $X in 2022, waning by -16% against the previous year. In general, consumption continues to indicate a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Ceramic Electrical Insulator Production in Italy

In value terms, ceramic electrical insulator production surged to $X in 2022 estimated in export price. Overall, production, however, showed a deep setback. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Ceramic Electrical Insulator Exports

Exports from Italy

In 2022, after ten years of growth, there was significant decline in shipments abroad of electrical insulators of ceramics, when their volume decreased by -12.1% to X units. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, ceramic electrical insulator exports surged to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +97.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 54%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Libya (X units), the Czech Republic (X units) and the UK (X units) were the main destinations of ceramic electrical insulator exports from Italy.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +29.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for electrical insulators of ceramics exports from Italy, comprising 14% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.2% share of total exports. It was followed by the UK, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+30.8% per year) and the UK (+6.0% per year).

Export Prices by Country

In 2022, the average ceramic electrical insulator export price amounted to $X per unit, with an increase of 40% against the previous year. Overall, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Malaysia ($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 France (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Electrical Insulator Imports

Imports into Italy

In 2022, purchases abroad of electrical insulators of ceramics decreased by -20.9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 936% against the previous year. Imports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, ceramic electrical insulator imports expanded significantly to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +9.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of ceramic electrical insulator to Italy, accounting for a 354% share of total imports. Moreover, ceramic electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. The third position in this ranking was held by Slovakia (X units), with a 50% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+3.8% per year) and Slovakia (+7.1% per year).

In value terms, China ($X) constituted the largest supplier of electrical insulators of ceramics to Italy, comprising 35% of total imports. The second position in the ranking was held by Portugal ($X), with a 13% share of total imports. It was followed by Slovakia, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+7.3% per year) and Slovakia (+9.4% per year).

Import Prices by Country

The average ceramic electrical insulator import price stood at $X per unit in 2022, rising by 36% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 500%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Austria (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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