South Africa: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in South Africa

The South African glass electrical insulator market rose to $X in 2021, growing by 4.8% against the previous year. Over the period under review, consumption, however, saw a mild slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Glass Electrical Insulator Production in South Africa

In value terms, glass electrical insulator production amounted to $X in 2021 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 234% against the previous year. Glass electrical insulator production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Glass Electrical Insulator Exports

Exports from South Africa

In 2021, glass electrical insulator exports from South Africa fell significantly to X units, with a decrease of -41.9% compared with 2020. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 505% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, glass electrical insulator exports reduced remarkably to $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 810% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malawi (X units) was the main destination for glass electrical insulator exports from South Africa, with a 81% share of total exports. Moreover, glass electrical insulator exports to Malawi exceeded the volume sent to the second major destination, Swaziland (X units), eightfold. The third position in this ranking was taken by Saudi Arabia (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Malawi amounted to +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (-5.7% per year) and Saudi Arabia (-10.5% per year).

In value terms, Malawi ($X) emerged as the key foreign market for glass electrical insulators exports from South Africa, comprising 56% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Swaziland, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Malawi stood at +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-3.5% per year) and Swaziland (-18.5% per year).

Export Prices by Country

The average glass electrical insulator export price stood at $X per unit in 2021, declining by -30.1% against the previous year. Overall, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 146% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, 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 Saudi Arabia ($X per unit), while the average price for exports to Malawi ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into South Africa

In 2021, supplies from abroad of glass electrical insulators increased by 329% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, faced a abrupt decline. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, glass electrical insulator imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X units) and China (X units) were the main suppliers of glass electrical insulator imports to South Africa.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of -4.4%).

In value terms, the largest glass electrical insulator suppliers to South Africa were Russia ($X) and China ($X).

China, with a CAGR of -4.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average glass electrical insulator import price amounted to $X per unit, waning by -10.8% against the previous year. Over the period under review, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Russia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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