U.S.: Insulating Fittings Market 2025

Insulating Fittings Market Size in the U.S.

The U.S. insulating fittings market soared to $X in 2021, increasing by 196% against the previous year. In general, consumption posted a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Insulating Fittings Production in the U.S.

In value terms, insulating fittings production skyrocketed to $X in 2021. Over the period under review, production, however, saw a slight descent. Insulating fittings production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Insulating Fittings Exports

Exports from the U.S.

Insulating fittings exports from the United States fell remarkably to X tons in 2021, with a decrease of -47.1% compared with the previous year. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 25%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, insulating fittings exports reduced markedly to $X in 2021. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 55% against the previous year. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Taiwan (Chinese) (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of insulating fittings exports from the United States, with a combined 45% share of total exports. These countries were followed by Greece, China, Bahamas, South Korea, Russia, Singapore, Saudi Arabia, Turks and Caicos Islands, Japan and Cayman Islands, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +60.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for insulating fittings exported from the United States were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 48% share of total exports. Mexico, Japan, Singapore, Canada, Greece, Bahamas, Russia, Saudi Arabia, Cayman Islands and Turks and Caicos Islands lagged somewhat behind, together comprising a further 34%.

Greece, with a CAGR of +66.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average insulating fittings export price amounted to $X per ton, increasing by 33% against the previous year. In general, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 76% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into the U.S.

In 2021, approx. X tons of insulating fittings for electrical purposes were imported into the United States; with an increase of 287% compared with the previous year's figure. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, insulating fittings imports skyrocketed to $X in 2021. Overall, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of insulating fittings to the United States, with a 82% share of total imports. Moreover, insulating fittings imports from Mexico exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico amounted to +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.2% per year) and China (-4.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of insulating fittings for electrical purposes to the United States, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Japan, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.9% per year) and Japan (+26.4% per year).

Import Prices by Country

In 2021, the average insulating fittings import price amounted to $X per ton, with a decrease of -63.5% against the previous year. Overall, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 60%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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