MENA: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in MENA

In 2021, the MENA's glass electrical insulator market increased by 8% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw a perceptible setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Glass Electrical Insulator Production in MENA

In value terms, glass electrical insulator production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a drastic downturn. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Glass Electrical Insulator Exports

Exports in MENA

In 2021, the amount of glass electrical insulators exported in MENA declined to X units, shrinking by -8% compared with 2020 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 303% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, glass electrical insulator exports soared to $X in 2021. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 82% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Tunisia (X units) was the key exporter of glass electrical insulators, mixing up 57% of total exports. Turkey (X units) took the second position in the ranking, followed by the United Arab Emirates (X units) and Israel (X units). All these countries together held approx. 35% share of total exports. Oman (X units) and Bahrain (X units) followed a long way behind the leaders.

Tunisia was also the fastest-growing in terms of the glass electrical insulators exports, with a CAGR of +28.5% from 2012 to 2021. At the same time, Israel (+10.8%) and Bahrain (+3.8%) displayed positive paces of growth. Turkey experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-6.1%) and Oman (-17.9%) illustrated a downward trend over the same period. While the share of Tunisia (+51 p.p.) and Israel (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-11 p.p.) and Oman (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest glass electrical insulator supplier in MENA, comprising 78% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 5.6% share.

In Tunisia, glass electrical insulator exports increased at an average annual rate of +41.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+1.6% per year) and the United Arab Emirates (-6.0% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, growing by 79% against the previous year. Overall, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+10.2%), while the other leaders experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports in MENA

In 2021, imports of glass electrical insulators in MENA fell dramatically to X units, shrinking by -15.2% compared with 2020. Overall, imports saw a slight slump. The most prominent rate of growth was recorded in 2020 when imports increased by 147% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, glass electrical insulator imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 69%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units), distantly followed by Iraq (X units), Tunisia (X units), Libya (X units), Algeria (X units) and Egypt (X units) represented the main importers of glass electrical insulators, together achieving 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass electrical insulator importing markets in MENA were Egypt ($X), Libya ($X) and Iraq ($X), with a combined 34% share of total imports.

In terms of the main importing countries, Egypt, with a CAGR of +11.2%, saw the highest rates of growth with regard to 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

The import price in MENA stood at $X per unit in 2021, surging by 67% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+11.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform