World - Insulating Fittings For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInsulating Fittings Market
The global market for insulating fittings for electrical purposes is projected to see continual growth in both volume and value from 2022 to 2030, with an anticipated CAGR of +2.7% and +2.0% respectively. Despite a decline in consumption in 2022, overall consumption has shown growth throughout the last decade. China leads in production, while the United States is the top importer and the top exporter is China as well.
Market Forecast
Driven by increasing demand for insulating fittings for electrical purposes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 345K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market value to $5.5B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Insulating Fittings For Electrical Purposes
In 2022, after three years of growth, there was significant decline in consumption of insulating fittings for electrical purposes, when its volume decreased by -16.5% to 279K tons. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 334K tons in 2021, and then shrank dramatically in the following year.
The global insulating fittings market size fell slightly to $4.6B in 2022, with a decrease of -1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.1% against 2013 indices. Global consumption peaked at $4.7B in 2021, and then dropped in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (33K tons), Nigeria (32K tons) and Mexico (22K tons), with a combined 31% share of global consumption.
From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +25.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($1.9B) led the market, alone. The second position in the ranking was held by the United States ($285M). It was followed by Turkey.
In Japan, the insulating fittings market increased at an average annual rate of +11.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+10.0% per year) and Turkey (+10.7% per year).
The countries with the highest levels of insulating fittings per capita consumption in 2022 were Saudi Arabia (323 kg per 1000 persons), Mexico (171 kg per 1000 persons) and Nigeria (146 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +22.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Insulating Fittings For Electrical Purposes
In 2022, production of insulating fittings for electrical purposes increased by 4.4% to 280K tons, rising for the second year in a row after two years of decline. The total output volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Over the period under review, global production reached the peak volume in 2022 and is likely to see gradual growth in the near future.
In value terms, insulating fittings production contracted slightly to $4.7B in 2022 estimated in export price. In general, the total production indicated a tangible 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 -5.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. Over the period under review, global production reached the maximum level at $5B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
The country with the largest volume of insulating fittings production was China (75K tons), accounting for 27% of total volume. Moreover, insulating fittings production in China exceeded the figures recorded by the second-largest producer, Mexico (32K tons), twofold. The third position in this ranking was held by Thailand (30K tons), with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +2.4%. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+26.9% per year) and Thailand (+0.4% per year).
Imports
World Imports of Insulating Fittings For Electrical Purposes
After three years of growth, overseas purchases of insulating fittings for electrical purposes decreased by -25.3% to 141K tons in 2022. Over the period under review, imports, however, recorded moderate growth. The growth pace was the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of 188K tons, and then contracted notably in the following year.
In value terms, insulating fittings imports expanded slightly to $1.3B in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.
Imports By Country
In 2022, Nigeria (32K tons) and the United States (28K tons) were the key importers of insulating fittings for electrical purposesaround the world, together constituting 43% of total imports. Saudi Arabia (12K tons) ranks next in terms of the total imports with an 8.3% share, followed by the Philippines (5.5%). The following importers - the United Arab Emirates (5.1K tons), Mexico (3.5K tons), India (3.1K tons), Malaysia (2.9K tons), South Korea (2.9K tons), Indonesia (2.9K tons), Germany (2.5K tons), Thailand (2.2K tons) and Spain (2.1K tons) - together made up 19% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria (with a CAGR of +25.1%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($225M) constitutes the largest market for imported insulating fittings for electrical purposes worldwide, comprising 17% of global imports. The second position in the ranking was taken by South Korea ($81M), with a 6.3% share of global imports. It was followed by Nigeria, with a 5.4% share.
From 2012 to 2022, the average annual growth rate of value in the United States stood at +11.5%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+5.9% per year) and Nigeria (+29.2% per year).
Import Prices By Country
In 2022, the average insulating fittings import price amounted to $9,173 per ton, growing by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $12,026 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($27,898 per ton), while Nigeria ($2,194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Insulating Fittings For Electrical Purposes
In 2022, overseas shipments of insulating fittings for electrical purposes increased by 16% to 142K tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, insulating fittings exports reached $1.4B in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +53.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in years to come.
Exports By Country
In 2022, China (55K tons) was the key exporter of insulating fittings for electrical purposes, constituting 39% of total exports. It was distantly followed by Thailand (29K tons), Mexico (13K tons), the United Arab Emirates (7.4K tons), the United States (7.4K tons) and India (6.5K tons), together constituting a 45% share of total exports. Portugal (2.4K tons) took a relatively small share of total exports.
From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +28.3%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, China ($397M), the United States ($296M) and Mexico ($101M) were the countries with the highest levels of exports in 2022, with a combined 55% share of global exports. Thailand, India, the United Arab Emirates and Portugal lagged somewhat behind, together accounting for a further 8.5%.
The United Arab Emirates, with a CAGR of +22.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average insulating fittings export price stood at $10,133 per ton in 2022, falling by -9.5% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insulating fittings export price decreased by -23.6% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 30%. As a result, the export price reached the peak level of $13,272 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($40,100 per ton), while Thailand ($1,775 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global insulating fittings market. 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 27901280 - Insulating fittings for electrical purposes, of materials other than ceramics or plastics, electrical conduit tubing and joints therefor, of base metal lined with insulating material
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global insulating fittings market.
This report provides an in-depth analysis of the global electrical insulating fittings market.
This report provides an in-depth analysis of the global ceramic insulating fittings market.
In value terms, electrical insulators of any material imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend p...
In value terms, electrical insulators of any material exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern r...
In 2016, the global electrical insulating fittings imports stood at X tons, descending by -X% against the previous year figure. In general, electrical insulating fittings imports continue to i...
In 2016, the global electrical insulating fittings imports stood at X tons, descending by -X% against the previous year figure. In general, electrical insulating fittings imports continue to i...
Germany continued its dominance in the global electrical insulating plastic fittings trade. In 2014, Germany exported X thousand tons of electrical insulating plastic fittings totaling X million USD, X% over the previous year. Its primary tradi