Kazakhstan: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in Kazakhstan

The Kazakh electrical insulating fittings market soared to $X in 2022, jumping by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +102.4% against 2017 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Electrical Insulating Fittings Exports

Exports from Kazakhstan

In 2022, overseas shipments of electrical insulating fittings of plastics increased by 218% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 313%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulating fittings exports soared to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,914% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for electrical insulating fittings exports from Kazakhstan, with a 73% share of total exports. Moreover, electrical insulating fittings exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +20.5%.

In value terms, Russia ($X) emerged as the key foreign market for electrical insulating fittings of plastics exports from Kazakhstan, comprising 56% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +19.7%.

Export Prices by Country

In 2022, the average electrical insulating fittings export price amounted to $X per ton, falling by -55.6% against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2021 when the average export price increased by 388%. As a result, the export price reached the peak level of $X per ton, and then contracted markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1,005.1%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Insulating Fittings Imports

Imports into Kazakhstan

In 2022, imports of electrical insulating fittings of plastics into Kazakhstan rose notably to X tons, increasing by 13% on the year before. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +72.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electrical insulating fittings imports soared to $X in 2022. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest electrical insulating fittings supplier to Kazakhstan, with a 77% share of total imports. Moreover, electrical insulating fittings imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Belarus (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.6% per year) and Belarus (+20.9% per year).

In value terms, Russia ($X) constituted the largest supplier of electrical insulating fittings of plastics to Kazakhstan, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 7.4% share of total imports. It was followed by Belarus, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and Belarus (+28.5% per year).

Import Prices by Country

The average electrical insulating fittings import price stood at $X per ton in 2022, increasing by 62% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :