United Kingdom: Insulating Fittings Market 2025

Insulating Fittings Market Size in the UK

The UK insulating fittings market expanded slightly to $X in 2021, with an increase of 2.1% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Insulating fittings consumption peaked in 2021 and is likely to see gradual growth in years to come.

Insulating Fittings Production in the UK

In value terms, insulating fittings production contracted slightly to $X in 2021 estimated in export price. Overall, production continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 76% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Insulating Fittings Exports

Exports from the UK

In 2021, shipments abroad of insulating fittings for electrical purposes decreased by -7.8% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 62%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, insulating fittings exports declined remarkably to $X in 2021. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 37% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for insulating fittings exports from the UK, with a 36% share of total exports. Moreover, insulating fittings exports to the United Arab Emirates exceeded the volume sent to the second major destination, Ireland (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+1.8% per year) and the Netherlands (-1.8% per year).

In value terms, the United Arab Emirates ($X), Germany ($X) and the United States ($X) constituted the largest markets for insulating fittings exported from the UK worldwide, together accounting for 36% of total exports. These countries were followed by India, the Netherlands, South Africa, Ireland, France, Norway, Qatar, Denmark, China and Cameroon, which together accounted for a further 36%.

Among the main countries of destination, Cameroon, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, 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, declining by -12.6% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average export price increased by 29%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 South Africa (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into the UK

In 2021, purchases abroad of insulating fittings for electrical purposes increased by 1.5% to X tons, rising for the third consecutive year after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 34%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, insulating fittings imports dropped to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest insulating fittings supplier to the UK, with a 41% share of total imports. Moreover, insulating fittings imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.1% per year) and Germany (+5.9% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest insulating fittings suppliers to the UK, with a combined 50% share of total imports. India, the Netherlands, Italy, Turkey, South Korea and Sweden lagged somewhat behind, together accounting for a further 33%.

The Netherlands, with a CAGR of +24.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average insulating fittings import price stood at $X per ton in 2021, falling by -7.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 49%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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