Scandinavia: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in Scandinavia

In 2022, the Scandinavia electrical insulating fittings market increased by 18% to $X, rising for the second year in a row after four years of decline. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Electrical Insulating Fittings Production in Scandinavia

In value terms, electrical insulating fittings production rose notably to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Electrical Insulating Fittings Exports

Exports in Scandinavia

In 2022, the amount of electrical insulating fittings of plastics exported in Scandinavia expanded notably to X tons, with an increase of 8.7% on the previous year's figure. Overall, exports showed notable growth. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, electrical insulating fittings exports amounted to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 43%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden was the major exporting country with an export of around X tons, which amounted to 59% of total exports. It was distantly followed by Finland (X tons), achieving a 37% share of total exports. Norway (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +21.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Finland, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, shrinking by -6.5% against the previous year. Overall, the export price showed a perceptible reduction. The growth pace was the most rapid in 2013 when the export price increased by 13%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.7%), while the other leaders experienced a decline in the export price figures.

Electrical Insulating Fittings Imports

Imports in Scandinavia

In 2022, supplies from abroad of electrical insulating fittings of plastics increased by 28% to X tons, rising for the second year in a row after four years of decline. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 108% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, electrical insulating fittings imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden was the largest importing country with an import of around X tons, which recorded 66% of total imports. Norway (X tons) ranks second in terms of the total imports with a 22% share, followed by Finland (12%).

Sweden was also the fastest-growing in terms of the electrical insulating fittings of plastics imports, with a CAGR of +6.8% from 2012 to 2022. At the same time, Norway (+6.4%) and Finland (+6.2%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported electrical insulating fittings of plastics in Scandinavia, comprising 59% of total imports. The second position in the ranking was held by Finland ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +6.6%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+6.9% per year) and Norway (-1.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, which is down by -14.1% against the previous year. In general, the import price saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 75%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform