Middle East: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in the Middle East

After two years of growth, the Middle Eastern glass electrical insulator market decreased by -14.4% to $X in 2021. Overall, consumption showed a mild setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Glass Electrical Insulator Production in the Middle East

In value terms, glass electrical insulator production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports in the Middle East

In 2021, approx. X units of glass electrical insulators were exported in the Middle East; with a decrease of -45.2% compared with the previous year. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 267% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, glass electrical insulator exports totaled $X in 2021. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 112%. 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

Turkey (X units) and the United Arab Emirates (X units) represented roughly 72% of total exports in 2021. It was distantly followed by Israel (X units), Oman (X units) and Bahrain (X units), together committing a 25% share of total exports. Iran (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +10.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2021, together comprising 85% of total exports. Israel, Bahrain and Iran lagged somewhat behind, together accounting for a further 9.6%.

Among the main exporting countries, Israel, with a CAGR of +6.2%, saw the highest growth rate of 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

The export price in the Middle East stood at $X per unit in 2021, rising by 88% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.7%), while the other leaders experienced mixed trends in the export price figures.

Glass Electrical Insulator Imports

Imports in the Middle East

In 2021, supplies from abroad of glass electrical insulators decreased by -38.2% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 204%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, glass electrical insulator imports soared to $X in 2021. In general, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 147% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Turkey represented the key importer of glass electrical insulators in the Middle East, with the volume of imports recording X units, which was near 59% of total imports in 2021. It was distantly followed by Iraq (X units), achieving a 35% share of total imports. The United Arab Emirates (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (with a CAGR of +19.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass electrical insulator importing markets in the Middle East were Iraq ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 27% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +8.4%, recorded 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 the Middle East stood at $X per unit in 2021, growing by 108% against the previous year. In general, the import price showed a mild expansion. The pace of growth was the most pronounced in 2015 an increase of 237% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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