Turkey: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Turkey

The Turkish ceramic electrical insulator market surged to $X in 2022, increasing by 53% against the previous year. In general, consumption enjoyed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ceramic Electrical Insulator Production in Turkey

In value terms, ceramic electrical insulator production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. Ceramic electrical insulator production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ceramic Electrical Insulator Exports

Exports from Turkey

In 2022, shipments abroad of electrical insulators of ceramics decreased by -60.4% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 8.8%. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, ceramic electrical insulator exports fell slightly to $X in 2022. In general, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2013 with an increase of 31%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X units), Azerbaijan (X units) and Saudi Arabia (X units) were the main destinations of ceramic electrical insulator exports from Turkey.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +64.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Azerbaijan ($X) and France ($X) appeared to be the largest markets for ceramic electrical insulator exported from Turkey worldwide, together comprising 38% of total exports.

Switzerland, with a CAGR of +57.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic electrical insulator export price stood at $X per unit in 2022, rising by 141% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Iran ($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 the United Arab Emirates (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Electrical Insulator Imports

Imports into Turkey

For the third consecutive year, Turkey recorded growth in purchases abroad of electrical insulators of ceramics, which increased by 67% to X units in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 565% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, ceramic electrical insulator imports declined remarkably to $X in 2022. In general, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and India (X units) were the main suppliers of ceramic electrical insulator imports to Turkey, together accounting for 40% of total imports. Italy, Portugal, Pakistan, Malaysia, Sweden, Romania, the United States and Switzerland lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +88.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and China ($X) were the largest ceramic electrical insulator suppliers to Turkey, with a combined 58% share of total imports. Sweden, Switzerland, the United States, India, Portugal, Romania, Malaysia and Pakistan lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Malaysia, with a CAGR of +54.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ceramic electrical insulator import price amounted to $X per unit, shrinking by -69.4% against the previous year. In general, the import price continues to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2017 an increase of 500%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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