Report Update Nov 1, 2024

Mexico - Glass Electrical Insulators - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Mexico

In 2021, the Mexican glass electrical insulator market decreased by -3.5% to $X, falling for the sixth consecutive year after four years of growth. Overall, consumption recorded a deep downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Glass Electrical Insulator Production in Mexico

In value terms, glass electrical insulator production totaled $X in 2021 estimated in export price. In general, production, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by 21% against the previous year. Glass electrical insulator production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Glass Electrical Insulator Exports

Exports from Mexico

In 2021, shipments abroad of glass electrical insulators increased by 280% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 6,370%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass electrical insulator exports surged to $X in 2021. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of 3,220% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for glass electrical insulator exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +6.8%.

In value terms, the United States ($X) also remains the key foreign market for glass electrical insulators exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average glass electrical insulator export price amounted to $X per unit, with a decrease of -6.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 74%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +1.0% per year.

Glass Electrical Insulator Imports

Imports into Mexico

In 2021, imports of glass electrical insulators into Mexico contracted notably to X units, which is down by -68% on 2020. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by 234%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, glass electrical insulator imports dropped sharply to $X in 2021. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 126% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass electrical insulator to Mexico, with a 67% share of total imports. Moreover, glass electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -13.1%.

In value terms, the United States ($X) constituted the largest supplier of glass electrical insulators to Mexico, comprising 85% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +5.2%.

Import Prices by Country

The average glass electrical insulator import price stood at $X per unit in 2021, growing by 14% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 221%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass electrical insulators in the world?

The countries with the highest volumes of in 2021 were Brazil, Algeria and Italy, with a combined 39% share of global consumption. Indonesia, the United States, Vietnam, Canada, Malaysia, Turkey, China, Iraq, France and Portugal lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of glass electrical insulators in the world?

The countries with the highest volumes of in 2021 were China, Italy and Spain, together comprising 77% of global production. Russia and Ukraine lagged somewhat behind, together comprising a further 21%.

What are the leading suppliers of glass electrical insulators to Mexico?

In value terms, the United States constituted the largest supplier of glass electrical insulator to Mexico, comprising 70% of total imports. The second position in the ranking was occupied by Spain, with a 30% share of total imports.

What are the leading importers of glass electrical insulators from Mexico?

In value terms, the United States remains the key foreign market for glass electrical insulator exports from Mexico.

What is the average export price for glass electrical insulators in Mexico?

In 2021, the average glass electrical insulator export price amounted to $3.4 per unit, growing by 66% against the previous year.

What is the average import price for glass electrical insulators in Mexico?

The average glass electrical insulator import price stood at $1.1 per unit in 2021, dropping by -68.4% against the previous year.

This report provides an in-depth analysis of the glass electrical insulator market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023