Sweden: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish ceramic electrical insulator market, when its value decreased by -9.8% to $X. In general, consumption, however, continues to indicate a slight increase. Ceramic electrical insulator consumption peaked at $X in 2021, and then shrank in the following year.

Ceramic Electrical Insulator Exports

Exports from Sweden

In 2022, approx. X units of electrical insulators of ceramics were exported from Sweden; jumping by 391% compared with the previous year. In general, exports, however, continue to indicate a sharp contraction. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, ceramic electrical insulator exports surged to $X in 2022. Overall, exports, however, faced a abrupt setback. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for ceramic electrical insulator exports from Sweden, accounting for a 382% share of total exports. Moreover, ceramic electrical insulator exports to Turkey exceeded the volume sent to the second major destination, the United States (X units), tenfold. The third position in this ranking was taken by Denmark (X units), with a 22% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +54.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.2% per year) and Denmark (-20.7% per year).

In value terms, Turkey ($X) emerged as the key foreign market for electrical insulators of ceramics exports from Sweden, comprising 98% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Malaysia, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-18.1% per year) and Malaysia (+28.3% per year).

Export Prices by Country

The average ceramic electrical insulator export price stood at $X per unit in 2022, with a decrease of -35.5% against the previous year. Over the period under review, the export price showed a precipitous curtailment. The pace of growth was the most pronounced in 2021 when the average export price decreased by -10.6%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 Iran (+46.1%), while the prices for the other major destinations experienced mixed trend patterns.

Ceramic Electrical Insulator Imports

Imports into Sweden

After two years of growth, purchases abroad of electrical insulators of ceramics decreased by -6.5% to X units in 2022. In general, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 647%. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, ceramic electrical insulator imports dropped to $X in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 7.1% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of ceramic electrical insulator to Sweden, accounting for a 514% share of total imports. Moreover, ceramic electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), sixfold. The third position in this ranking was taken by Germany (X units), with a 56% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+28.2% per year) and Germany (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of electrical insulators of ceramics to Sweden, comprising 76% of total imports. The second position in the ranking was taken by Poland ($X), with a 22% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+25.4% per year) and Germany (-2.4% per year).

Import Prices by Country

The average ceramic electrical insulator import price stood at $X per unit in 2022, falling by -5.9% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 500%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($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 (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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