Netherlands: Electrical Insulator Market 2024

Electrical Insulator Market Size in the Netherlands

The Dutch electrical insulator market contracted to $X in 2022, which is down by -8.3% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Electrical Insulator Production in the Netherlands

In value terms, electrical insulator production declined to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -18.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Electrical Insulator Exports

Exports from the Netherlands

For the third year in a row, the Netherlands recorded growth in shipments abroad of electrical insulators, which increased by 3% to X units in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical insulator exports reduced sharply to $X in 2022. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2018 when exports increased by 42% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined sharply in the following year.

Exports by Country

Germany (X units) was the main destination for electrical insulator exports from the Netherlands, with a 59% share of total exports. Moreover, electrical insulator exports to Germany exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by Austria (X units), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+20.8% per year) and Austria (+4.9% per year).

In value terms, Germany ($X) remains the key foreign market for electrical insulators exports from the Netherlands, comprising 31% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Belgium, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.0% per year) and Belgium (+10.1% per year).

Export Prices by Country

In 2022, the average electrical insulator export price amounted to $X per unit, falling by -22.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Insulator Imports

Imports into the Netherlands

In 2022, supplies from abroad of electrical insulators decreased by -11.9% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.5% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, electrical insulator imports reduced remarkably to $X in 2022. In general, imports, however, showed tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main suppliers of electrical insulator imports to the Netherlands, together accounting for 80% of total imports. Poland, the Czech Republic, Switzerland, China and France lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulator suppliers to the Netherlands were Germany ($X), China ($X) and the United States ($X), with a combined 57% share of total imports. France, the Czech Republic, Switzerland, Poland and Canada lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Poland, with a CAGR of +45.4%, recorded 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 average electrical insulator import price amounted to $X per unit, waning by -28.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 56%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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