Sweden: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Sweden

After two years of growth, the Swedish glass electrical insulator market decreased by -54.1% to $X in 2021. Overall, consumption saw a deep reduction. Glass electrical insulator consumption peaked at $X in 2020, and then declined significantly in the following year.

Glass Electrical Insulator Exports

Exports from Sweden

In 2021, the amount of glass electrical insulators exported from Sweden surged to X units, increasing by 35% against 2020. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 692%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass electrical insulator exports soared to $X in 2021. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 616%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Finland (X units) was the main destination for glass electrical insulator exports from Sweden, accounting for a 58% share of total exports. Moreover, glass electrical insulator exports to Finland exceeded the volume sent to the second major destination, the United States (X units), twofold. Turkey (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.6% per year) and Turkey (-1.2% per year).

In value terms, Finland ($X) remains the key foreign market for glass electrical insulators exports from Sweden, comprising 54% of total exports. The second position in the ranking was taken by the United States ($X), with a 20% share of total exports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Finland amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-14.4% per year) and Turkey (+1.2% per year).

Export Prices by Country

In 2021, the average glass electrical insulator export price amounted to $X per unit, jumping by 29% against the previous year. Over the period under review, the export price showed tangible growth. The pace of growth was the most pronounced in 2013 an increase of 297%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Norway ($X per unit) and Finland ($X per unit), while the average price for exports to the United States ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into Sweden

After five years of growth, supplies from abroad of glass electrical insulators decreased by -49.8% to X units in 2021. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 82% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, glass electrical insulator imports reduced rapidly to $X in 2021. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of glass electrical insulator to Sweden, accounting for a 43% share of total imports. Moreover, glass electrical insulator imports from Spain exceeded the figures recorded by the second-largest supplier, Canada (X units), twofold. India (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+25.3% per year) and India (+161.4% per year).

In value terms, Canada ($X) constituted the largest supplier of glass electrical insulators to Sweden, comprising 54% of total imports. The second position in the ranking was taken by Spain ($X), with a 24% share of total imports. It was followed by India, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.7% per year) and India (+73.7% per year).

Import Prices by Country

In 2021, the average glass electrical insulator import price amounted to $X per unit, declining by -11.2% against the previous year. In general, the import price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2014 an increase of 74%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :