Malaysia: Electrical Insulator Market 2025

Electrical Insulator Market Size in Malaysia

The Malaysian electrical insulator market declined significantly to $X in 2022, which is down by -25.8% against the previous year. In general, consumption, however, continues to indicate a temperate increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Insulator Production in Malaysia

In value terms, electrical insulator production rose slightly to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Electrical Insulator Exports

Exports from Malaysia

For the tenth consecutive year, Malaysia recorded decline in shipments abroad of electrical insulators, which decreased by -79.5% to X units in 2022. In general, exports showed a sharp slump. The smallest decline of -3.2% was in 2016. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electrical insulator exports fell notably to $X in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 28%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for electrical insulator exports from Malaysia, accounting for a 32% share of total exports. Moreover, electrical insulator exports to Indonesia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), twofold. The third position in this ranking was taken by Thailand (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to -29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-33.1% per year) and Thailand (-29.6% per year).

In value terms, the largest markets for electrical insulator exported from Malaysia were Thailand ($X), Singapore ($X) and Taiwan (Chinese) ($X), with a combined 56% share of total exports. Indonesia, Saudi Arabia, South Korea, Vietnam, Mexico, China, Germany, Kenya, Australia and Tanzania lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Kenya, with a CAGR of +142.4%, recorded the highest rates of growth with regard to 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

In 2022, the average electrical insulator export price amounted to $X per unit, increasing by 29% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Indonesia ($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 Kenya (+75.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Malaysia

In 2022, electrical insulator imports into Malaysia contracted remarkably to X units, which is down by -32.1% compared with 2021. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 156% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical insulator imports shrank sharply to $X in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 80% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam (X units), China (X units) and Thailand (X units) were the main suppliers of electrical insulator imports to Malaysia, together comprising 8.4% of total imports. Italy, France, the United States and Switzerland lagged somewhat behind, together accounting for a further 4.3%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +0.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest electrical insulator suppliers to Malaysia were the United States ($X), Thailand ($X) and Italy ($X), together accounting for 31% of total imports. China, Vietnam, France and Switzerland lagged somewhat behind, together accounting for a further 20%.

France, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electrical insulator import price stood at $X per unit in 2022, dropping by -25.8% against the previous year. Overall, the import price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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