U.S.: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in the U.S.

The U.S. electrical insulating fittings market rose rapidly to $X in 2022, surging by 9.5% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Insulating Fittings Production in the U.S.

In value terms, electrical insulating fittings production expanded remarkably to $X in 2022. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Electrical Insulating Fittings Exports

Exports from the U.S.

In 2022, overseas shipments of electrical insulating fittings of plastics increased by 77% to X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, exports, however, showed a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electrical insulating fittings exports surged to $X in 2022. In general, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Hungary (X tons) and Mexico (X tons) were the main destinations of electrical insulating fittings exports from the United States, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +106.8%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for electrical insulating fittings of plastics exports from the United States, comprising 47% of total exports. The second position in the ranking was held by China ($X), with a 9.9% share of total exports. It was followed by Hungary, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.9% per year) and Hungary (+109.3% per year).

Export Prices by Country

In 2022, the average electrical insulating fittings export price amounted to $X per ton, falling by -26.4% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2020 when the average export price increased by 270%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank notably in the following year.

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 Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into the U.S.

In 2022, imports of electrical insulating fittings of plastics into the United States surged to X tons, jumping by 29% on the year before. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulating fittings imports soared to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 35%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of electrical insulating fittings imports to the United States, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electrical insulating fittings of plastics to the United States, comprising 29% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.7% per year) and Japan (-1.6% per year).

Import Prices by Country

In 2022, the average electrical insulating fittings import price amounted to $X per ton, with a decrease of -2.5% against the previous year. Over the period under review, the import price showed a noticeable slump. The growth pace was the most rapid in 2018 an increase of 8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 Canada ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :