MENA: Electrical Insulator Market 2025

Electrical Insulator Market Size in MENA

The MENA's electrical insulator market fell remarkably to $X in 2022, which is down by -24.7% against the previous year. Overall, consumption, however, continues to indicate a pronounced expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Insulator Production in MENA

In value terms, electrical insulator production dropped to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -18.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Electrical Insulator Exports

Exports in MENA

After two years of growth, overseas shipments of electrical insulators decreased by -13.1% to X units in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 30% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulator exports shrank dramatically to $X in 2022. Over the period under review, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 17%. 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

In 2022, Tunisia (X units) and Turkey (X units) represented the major exporters of electrical insulators in MENA, together making up 76% of total exports. It was distantly followed by Iran (X units) and Israel (X units), together constituting an 18% share of total exports. The following exporters - the United Arab Emirates (X units) and Egypt (X units) - together made up 4.7% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Israel (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest electrical insulator supplier in MENA, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Tunisia, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: the United Arab Emirates (-8.9% per year) and Tunisia (+2.2% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, dropping by -7.3% against the previous year. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+26.2%), while the other leaders experienced mixed trends in the export price figures.

Electrical Insulator Imports

Imports in MENA

In 2022, electrical insulator imports in MENA reduced sharply to X units, waning by -16.1% on 2021. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 57%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electrical insulator imports declined notably to $X in 2022. Over the period under review, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iraq (X units), Libya (X units), Turkey (X units), Tunisia (X units) and Algeria (X units) represented roughly 78% of total imports in 2022. Qatar (X units) ranks next in terms of the total imports with a 6.2% share, followed by Syrian Arab Republic (5.6%). The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Syrian Arab Republic (with a CAGR of +27.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported electrical insulators in MENA, comprising 19% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.2% share of total imports. It was followed by Tunisia, with a 2.6% share.

In Turkey, electrical insulator imports plunged by an average annual rate of -4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+1.2% per year) and Tunisia (-2.3% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2014 when the import price increased by 85%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Libya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform