Report Update: Apr 1, 2024

Sri Lanka - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Electrical Insulating Fittings Price in Sri Lanka - 2021

Electrical Insulating Fittings Price in Sri Lanka (CIF) - 2022

In 2022, the average electrical insulating fittings import price amounted to $31,096 per ton, rising by 21% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 284%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($188,666 per ton), while the price for India ($6,705 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in Sri Lanka (FOB) - 2022

In 2022, the average electrical insulating fittings export price amounted to $18,531 per ton, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. Over the period under review, the average export prices reached the peak figure at $21,071 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($22,333 per ton), while the average price for exports to Seychelles ($1,000 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 Switzerland (+208.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports in Sri Lanka

In 2022, purchases abroad of electrical insulating fittings of plastics decreased by -10.8% to 36 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 134%. As a result, imports reached the peak of 65 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical insulating fittings imports expanded rapidly to $1.1M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Electrical Insulating Fittings in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	69.7	210	336	293	61.4%
Switzerland	215	278	118	244	4.3%
Denmark	143	141	114	156	2.9%
Germany	108	198	161	149	11.3%
United States	118	97.1	71.9	71.7	-15.3%
Japan	19.2	21.9	58.5	52.4	39.7%
Malaysia	0.5	0.1	4.7	24.6	266.4%
Taiwan (Chinese)	0.4	8.5	4.7	18.9	261.5%
Italy	5.1	136	47.4	11.3	30.4%
India	26.8	20.4	53.2	9.3	-29.7%
Others	100	134	78.2	97.4	-0.9%
Total	806	1,246	1,047	1,127	11.8%

Top Suppliers of Electrical Insulating Fittings to Sri Lanka in 2022:

Denmark (13.7 tons)
China (9.5 tons)
Germany (3.7 tons)
Switzerland (2.0 tons)
India (1.4 tons)
Malaysia (1.4 tons)
Taiwan (Chinese) (1.1 tons)
Japan (1.0 tons)
Italy (0.7 tons)
United States (0.4 tons)

Electrical Insulating Fittings Exports in Sri Lanka

After three years of growth, overseas shipments of electrical insulating fittings of plastics decreased by -98.9% to 49 kg in 2022. In general, exports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. As a result, the exports reached the peak of 4.6 tons, and then fell dramatically in the following year.

In value terms, electrical insulating fittings exports reduced dramatically to $908 in 2022. Overall, exports saw a sharp decline. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $70K, and then contracted rapidly in the following year.

Export of Electrical Insulating Fittings in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	N/A	N/A	N/A	0.8	0%
Maldives	N/A	N/A	N/A	0.1	0%
Spain	9.3	1.1	0.2	N/A	-85.3%
China	0.1	0.2	0.4	N/A	100.0%
Germany	9.9	16.5	32.2	N/A	80.3%
Seychelles	N/A	N/A	N/A	N/A	0%
Morocco	N/A	3.2	0.4	N/A	-87.5%
Others	11.3	19.3	36.3	N/A	79.2%
Total	30.6	40.2	69.6	0.9	-69.1%

Top Export Markets for Electrical Insulating Fittings from Sri Lanka in 2022:

Switzerland (44.0 kg)
Maldives (3.0 kg)
China (1.0 kg)
Seychelles (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulating fittings market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023