Portugal: Electrical Insulator Market 2025

Electrical Insulator Market Size in Portugal

The Portuguese electrical insulator market was estimated at $X in 2022, surging by 6.4% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Electrical Insulator Production in Portugal

In value terms, electrical insulator production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 56%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Electrical Insulator Exports

Exports from Portugal

In 2022, shipments abroad of electrical insulators increased by 60% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 61%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, electrical insulator exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 16%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Nicaragua (X units), Belgium (X units) and Spain (X units) were the main destinations of electrical insulator exports from Portugal, together accounting for 73% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of +109.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for electrical insulators exports from Portugal, comprising 41% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+72.4% per year) and Germany (+19.2% per year).

Export Prices by Country

In 2022, the average electrical insulator export price amounted to $X per unit, declining by -37.9% against the previous year. Overall, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2016 an increase of 249%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nicaragua ($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 (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Portugal

In 2022, purchases abroad of electrical insulators increased by 14% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +74.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical insulator imports rose notably to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +47.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Spain (X units), Poland (X units) and Ukraine (X units) were the main suppliers of electrical insulator imports to Portugal, with a combined 79% share of total imports. Slovakia, Germany, Estonia and Japan lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +159.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulator suppliers to Portugal were Germany ($X), Spain ($X) and Poland ($X), together accounting for 64% of total imports. Slovakia, Ukraine, Japan and Estonia lagged somewhat behind, together accounting for a further 6.5%.

Slovakia, with a CAGR of +114.8%, saw the highest growth rate of the value of imports, among 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, dropping by -3.8% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulator import price increased by +17.6% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 62% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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