South-Eastern Asia: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in South-Eastern Asia

The Southeast Asian electrical insulating fittings market contracted modestly to $X in 2022, with a decrease of -4.7% against the previous year. Overall, consumption, however, continues to indicate a remarkable increase. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Electrical Insulating Fittings Production in South-Eastern Asia

In value terms, electrical insulating fittings production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The growth pace was the most rapid in 2014 when the production volume increased by 70%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of electrical insulating fittings of plastics were exported in South-Eastern Asia; with a decrease of -7.6% compared with the previous year. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, electrical insulating fittings exports dropped to $X in 2022. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 39%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Thailand was the main exporting country with an export of around X tons, which resulted at 63% of total exports. It was distantly followed by Vietnam (X tons), Singapore (X tons) and Malaysia (X tons), together achieving a 35% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical insulating fittings exports from Thailand stood at +6.6%. At the same time, Vietnam (+22.6%) and Singapore (+5.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +22.6% from 2012-2022. Malaysia experienced a relatively flat trend pattern. While the share of Vietnam (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest electrical insulating fittings supplier in South-Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 22% share of total exports. It was followed by Singapore, with a 16% share.

In Thailand, electrical insulating fittings exports increased at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+28.1% per year) and Singapore (+9.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2015 when the export price increased by 14%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.5%), while the other leaders experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of electrical insulating fittings of plastics were imported in South-Eastern Asia; which is down by -11.6% on the previous year's figure. Over the period under review, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, electrical insulating fittings imports declined to $X in 2022. Overall, imports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 102%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

The countries with the highest levels of electrical insulating fittings imports in 2022 were Thailand (X tons), Vietnam (X tons), the Philippines (X tons), Indonesia (X tons) and Singapore (X tons), together recording 90% of total import. It was distantly followed by Malaysia (X tons), mixing up a 6.1% share of total imports. Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +37.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Singapore ($X), with a combined 69% share of total imports. The Philippines, Indonesia, Malaysia and Cambodia lagged somewhat behind, together accounting for a further 31%.

Cambodia, with a CAGR of +42.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by 2.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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