Pakistan: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in Pakistan

The Pakistani electrical insulating fittings market dropped to $X in 2022, reducing by -7.3% against the previous year. Overall, consumption, however, posted strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Electrical Insulating Fittings Production in Pakistan

In value terms, electrical insulating fittings production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 168%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Electrical Insulating Fittings Exports

Exports from Pakistan

In 2022, shipments abroad of electrical insulating fittings of plastics decreased by -27.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 1,430% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical insulating fittings exports declined to $X in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,135% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for electrical insulating fittings exports from Pakistan, accounting for a 63% share of total exports. Moreover, electrical insulating fittings exports to the Czech Republic exceeded the volume sent to the second major destination, China (X kg), fourfold. Spain (X kg) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+62.2% per year) and Spain (+90.2% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for electrical insulating fittings of plastics exports from Pakistan, comprising 87% of total exports. The second position in the ranking was held by Spain ($X), with a 5.7% share of total exports. It was followed by the United Arab Emirates, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+82.6% per year) and the United Arab Emirates (+2.3% per year).

Export Prices by Country

The average electrical insulating fittings export price stood at $X per ton in 2022, jumping by 26% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 183% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+73.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Pakistan

In 2022, imports of electrical insulating fittings of plastics into Pakistan dropped rapidly to X tons, falling by -15.6% against the previous year's figure. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 627% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electrical insulating fittings imports dropped sharply to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 946%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of electrical insulating fittings to Pakistan, accounting for a 79% share of total imports. Moreover, electrical insulating fittings imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by Thailand (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+24.5% per year) and Thailand (+50.8% per year).

In value terms, China ($X) constituted the largest supplier of electrical insulating fittings of plastics to Pakistan, comprising 67% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by Malaysia, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+68.9% per year) and Malaysia (+18.7% per year).

Import Prices by Country

In 2022, the average electrical insulating fittings import price amounted to $X per ton, waning by -50.2% against the previous year. In general, the import price, however, posted modest growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 80%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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