Paraguay: Electrical Insulator Market 2025

Electrical Insulator Market Size in Paraguay

The Paraguayan electrical insulator market soared to $X in 2022, rising by 129% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed mild growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Insulator Exports

Exports from Paraguay

In 2022, approx. less than X units of electrical insulators were exported from Paraguay; therefore, remained relatively stable against 2021 figures. In general, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2019. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electrical insulator exports soared to $X in 2022. Overall, exports saw a precipitous contraction. The growth pace was the most rapid in 2017 when exports increased by 675% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) and Bolivia (X units) were the main destinations of electrical insulator exports from Paraguay. Moreover, electrical insulator exports in Germany exceeded the figures recorded by the second-largest exporter, Bolivia, twofold.

From 2017 to 2018, the biggest increases were recorded for Germany (with a CAGR of 0.0%).

In value terms, Germany ($X) remains the key foreign market for electrical insulators exports from Paraguay, comprising 86% of total exports. The second position in the ranking was held by Bolivia ($X), with a 14% share of total exports.

From 2017 to 2018, the average annual rate of growth in terms of value to Germany stood at +36.5%.

Export Prices by Country

The average electrical insulator export price stood at $X per unit in 2018, increasing by 27% against the previous year. Over the last one years, it increased at an average annual rate of +26.5%. 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 destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bolivia stood at $X per unit.

From 2017 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+36.5%).

Electrical Insulator Imports

Imports into Paraguay

In 2022, electrical insulator imports into Paraguay skyrocketed to X units, increasing by 129% compared with 2021 figures. Overall, imports showed a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical insulator to Paraguay, accounting for a 62% share of total imports. Moreover, electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. Ukraine (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+69.2% per year) and Ukraine (0.0% per year).

In value terms, the largest electrical insulator suppliers to Paraguay were Switzerland ($X), China ($X) and Brazil ($X), with a combined 88% share of total imports.

Switzerland, with a CAGR of +72.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, flattening at the previous year. Over the period under review, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2017 an increase of 57% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform