Switzerland: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Switzerland

The Swiss glass electrical insulator market soared to $X in 2021, jumping by 17% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Glass electrical insulator consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Glass Electrical Insulator Production in Switzerland

In value terms, glass electrical insulator production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 51%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports from Switzerland

In 2021, after three years of growth, there was significant decline in overseas shipments of glass electrical insulators, when their volume decreased by -30.6% to X units. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 391%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glass electrical insulator exports declined dramatically to $X in 2021. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 483%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for glass electrical insulator exports from Switzerland, accounting for a 76% share of total exports. Moreover, glass electrical insulator exports to Italy exceeded the volume sent to the second major destination, Brazil (X units), sixfold. Germany (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +107.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-23.8% per year) and Germany (-19.7% per year).

In value terms, Italy ($X) emerged as the key foreign market for glass electrical insulators exports from Switzerland, comprising 60% of total exports. The second position in the ranking was taken by Brazil ($X), with an 11% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +81.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-18.6% per year) and Germany (-19.1% per year).

Export Prices by Country

In 2021, the average glass electrical insulator export price amounted to $X per unit, surging by 13% against the previous year. In general, the export price, however, showed a perceptible descent. The pace of growth was the most pronounced in 2015 an increase of 124% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Italy ($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 the Czech Republic (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into Switzerland

In 2021, approx. X units of glass electrical insulators were imported into Switzerland; growing by 13% on the previous year's figure. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 44%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, glass electrical insulator imports soared to $X in 2021. Over the period under review, imports posted a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and the Czech Republic (X units) were the main suppliers of glass electrical insulator imports to Switzerland, together comprising 63% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +44.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glass electrical insulators to Switzerland, comprising 54% of total imports. The second position in the ranking was taken by Austria ($X), with an 8.5% share of total imports. It was followed by France, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.2% per year) and France (+18.1% per year).

Import Prices by Country

In 2021, the average glass electrical insulator import price amounted to $X per unit, growing by 72% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 77% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+80.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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