Middle East: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in the Middle East

The Middle Eastern ceramic electrical insulator market soared to $X in 2022, with an increase of 45% against the previous year. In general, consumption posted significant growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Ceramic Electrical Insulator Production in the Middle East

In value terms, ceramic electrical insulator production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 50%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ceramic Electrical Insulator Exports

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) dominates exports structure, together achieving 92% of total exports. Jordan (X units) and Oman (X units) took a relatively small share of total exports.

From 2020 to 2022, the biggest increases were recorded for Oman (with a CAGR of +33.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest ceramic electrical insulator supplier in the Middle East, comprising 70% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 24% share of total exports. It was followed by Jordan, with a 1.7% share.

In Turkey, ceramic electrical insulator exports decreased by an average annual rate of -3.7% over the period from 2020-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+8.1% per year) and Jordan (+4.1% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, surging by 76% against the previous year. Overall, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+46.7%), while the other leaders experienced a decline in the export price figures.

Ceramic Electrical Insulator Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded growth in overseas purchases of electrical insulators of ceramics, which increased by 46% to X units in 2022. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 669%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, ceramic electrical insulator imports declined to $X in 2022. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 7.9% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Turkey was the main importer of electrical insulators of ceramics in the Middle East, with the volume of imports recording X units, which was approx. 60% of total imports in 2022. Kuwait (X units) held the second position in the ranking, followed by Israel (X units), Iraq (X units) and Iran (X units). All these countries together took near 33% share of total imports. The following importers - the United Arab Emirates (X units) and Oman (X units) - each resulted at a 4.8% share of total imports.

Imports into Turkey increased at an average annual rate of +12.8% from 2012 to 2022. At the same time, Israel (+28.3%), Iraq (+13.2%), Kuwait (+12.6%), the United Arab Emirates (+10.2%), Oman (+9.4%) and Iran (+3.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +28.3% from 2012-2022. While the share of Israel (+6.5 p.p.) and Turkey (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Kuwait ($X) and Iraq ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 54% share of total imports.

In terms of the main importing countries, Iraq, with a CAGR of +1.5%, 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 import price in the Middle East amounted to $X per unit, declining by -41.7% against the previous year. In general, the import price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the import price increased by 389%. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-9.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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