Ukraine: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Ukraine

In 2021, the Ukrainian glass electrical insulator market decreased by -23.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a deep setback. Glass electrical insulator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Glass Electrical Insulator Production in Ukraine

In value terms, glass electrical insulator production declined remarkably to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 48%. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Glass Electrical Insulator Exports

Exports from Ukraine

In 2021, after five years of growth, there was decline in overseas shipments of glass electrical insulators, when their volume decreased by -1% to X units. In general, exports, however, showed noticeable growth. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, glass electrical insulator exports declined slightly to $X in 2021. Overall, exports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Iraq (X units), Russia (X units) and Vietnam (X units) were the main destinations of glass electrical insulator exports from Ukraine, with a combined 42% share of total exports. These countries were followed by Austria, Tanzania, Poland, Sri Lanka, Turkey, Greece, Algeria, Portugal, the United States and Estonia, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +491.0%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Russia ($X) and Vietnam ($X) appeared to be the largest markets for glass electrical insulator exported from Ukraine worldwide, with a combined 38% share of total exports. Austria, Sri Lanka, Poland, Tanzania, Turkey, Greece, Algeria, the United States, Portugal and Estonia lagged somewhat behind, together comprising a further 42%.

Tanzania, with a CAGR of +570.3%, saw the highest growth rate of 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

In 2021, the average glass electrical insulator export price amounted to $X per unit, shrinking by -1.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 9.2%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Algeria ($X per unit), while the average price for exports to Russia ($X per unit) and Tanzania ($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 Tanzania (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into Ukraine

In 2021, supplies from abroad of glass electrical insulators decreased by -56.2% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 7,012%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, glass electrical insulator imports declined sharply to $X in 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 9,390%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) was the main glass electrical insulator supplier to Ukraine, accounting for a 99% share of total imports. It was followed by China (X units), with a 0.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to -3.4%.

In value terms, Russia ($X) constituted the largest supplier of glass electrical insulators to Ukraine, comprising 96% of total imports. The second position in the ranking was held by China ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to -6.4%.

Import Prices by Country

In 2021, the average glass electrical insulator import price amounted to $X per unit, falling by -3.6% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 73% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.2%).

Source: IndexBox Platform

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