South-Eastern Asia: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in South-Eastern Asia

In 2021, the Southeast Asian glass electrical insulator market decreased by -22.7% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -30.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Glass Electrical Insulator Production in South-Eastern Asia

In value terms, glass electrical insulator production plummeted to $X in 2021 estimated in export price. Overall, production showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 4,496% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports in South-Eastern Asia

In 2021, approx. X units of glass electrical insulators were exported in South-Eastern Asia; with an increase of 58% on the previous year's figure. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 89% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, glass electrical insulator exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Singapore (X units) and Vietnam (X units), together accounting for 98% of total export.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +22.9%).

In value terms, Singapore ($X) emerged as the largest glass electrical insulator supplier in South-Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Vietnam ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore totaled +16.4%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, increasing by 53% against the previous year. In general, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2014 when the export price increased by 62%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-5.3%).

Glass Electrical Insulator Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of glass electrical insulators decreased by -28.8% to X units, falling for the second year in a row after five years of growth. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 89%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, glass electrical insulator imports reduced remarkably to $X in 2021. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 61%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units), distantly followed by Indonesia (X units), Thailand (X units) and Malaysia (X units) were the key importers of glass electrical insulators, together making up 93% of total imports. The following importers - Myanmar (X units), Lao People's Democratic Republic (X units) and Singapore (X units) - each recorded a 5.7% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass electrical insulator importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), together comprising 77% of total imports.

Thailand, with a CAGR of +46.0%, saw the highest growth rate of the value of imports, among 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

The import price in South-Eastern Asia stood at $X per unit in 2021, surging by 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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