Malaysia: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Malaysia

The Malaysian ceramic electrical insulator market surged to $X in 2022, jumping by 33% against the previous year. In general, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ceramic Electrical Insulator Production in Malaysia

In value terms, ceramic electrical insulator production surged to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt slump. Ceramic electrical insulator production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ceramic Electrical Insulator Exports

Exports from Malaysia

After ten years of growth, shipments abroad of electrical insulators of ceramics decreased by -21.4% to X units in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, ceramic electrical insulator exports contracted rapidly to $X in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of 120% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kenya (X units), Indonesia (X units) and Saudi Arabia (X units) were the main destinations of ceramic electrical insulator exports from Malaysia.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +155.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic electrical insulator exported from Malaysia were Japan ($X), Singapore ($X) and Indonesia ($X), together accounting for 38% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +135.2%, saw 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 ceramic electrical insulator export price amounted to $X per unit, surging by 4.3% against the previous year. In general, the export price, however, recorded a noticeable decrease. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Kenya ($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 Singapore (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Electrical Insulator Imports

Imports into Malaysia

In 2022, purchases abroad of electrical insulators of ceramics decreased by -7.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 798% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, ceramic electrical insulator imports amounted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 348% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main ceramic electrical insulator supplier to Malaysia, accounting for a 251% share of total imports. Moreover, ceramic electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), sevenfold. Japan (X units) ranked third in terms of total imports with a 26% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-8.7% per year) and Japan (+20.0% per year).

In value terms, the largest ceramic electrical insulator suppliers to Malaysia were Thailand ($X), China ($X) and Singapore ($X), together comprising 69% of total imports. Japan, Germany, Slovakia, Italy and India lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Slovakia, with a CAGR of +62.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ceramic electrical insulator import price amounted to $X per unit, jumping by 16% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 501% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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