Saudi Arabia - Insulating Fittings For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInsulating Fittings Price in Saudi Arabia - 2021
Contents:
- Insulating Fittings Price in Saudi Arabia (CIF) - 2022
- Insulating Fittings Price in Saudi Arabia (FOB) - 2022
- Insulating Fittings Imports in Saudi Arabia
- Insulating Fittings Exports in Saudi Arabia
Insulating Fittings Price in Saudi Arabia (CIF) - 2022
In 2022, the average insulating fittings import price amounted to $2,633 per ton, falling by -20.2% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked at $5,706 per ton in 2012; however, from 2013 to 2022, 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 Italy ($10,892 per ton), while the price for Thailand ($939 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Insulating Fittings Price in Saudi Arabia (FOB) - 2022
The average insulating fittings export price stood at $3,002 per ton in 2022, which is down by -11.3% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs at $8,680 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 the United Arab Emirates ($5,353 per ton), while the average price for exports to Iraq amounted to $470 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Insulating Fittings Imports in Saudi Arabia
In 2022, the amount of insulating fittings for electrical purposes imported into Saudi Arabia soared to 12K tons, increasing by 20% on 2021 figures. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.4% 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 -11.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47%. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, insulating fittings imports contracted to $31M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year.
Import of Insulating Fittings in Saudi Arabia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 0.5 | 1.2 | 1.3 | 7.5 | 146.6% |
Thailand | 8.5 | 12.7 | 10.0 | 7.5 | -4.1% |
India | 7.4 | 4.9 | 9.5 | 6.9 | -2.3% |
China | 0.9 | 2.2 | 4.2 | 3.0 | 49.4% |
United States | 2.3 | 4.2 | 2.5 | 2.2 | -1.5% |
Others | 5.8 | 4.1 | 4.4 | 3.5 | -15.5% |
Total | 25.3 | 29.4 | 32.0 | 30.7 | 6.7% |
Top Suppliers of Insulating Fittings to Saudi Arabia in 2022:
- Thailand (8.0K tons)
- China (1.2K tons)
- United Arab Emirates (1.0K tons)
- India (0.7K tons)
- United States (0.5K tons)
Insulating Fittings Exports in Saudi Arabia
In 2022, exports of insulating fittings for electrical purposes from Saudi Arabia fell to 70 tons, dropping by -9.3% on 2021 figures. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 107% against the previous year. As a result, the exports attained the peak of 78 tons, and then contracted in the following year.
In value terms, insulating fittings exports dropped dramatically to $211K in 2022. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64%. As a result, the exports attained the peak of $263K, and then shrank significantly in the following year.
Export of Insulating Fittings in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 85.9 | 48.5 | 221 | 195 | 31.4% |
Iraq | 19.4 | 27.7 | 18.0 | 15.9 | -6.4% |
Malaysia | 41.3 | N/A | N/A | N/A | 0% |
United States | N/A | N/A | 10.8 | N/A | 0% |
Lebanon | 40.3 | N/A | N/A | N/A | 0% |
Sudan | 11.6 | N/A | 3.0 | N/A | -49.1% |
Bahrain | N/A | 82.5 | 4.4 | N/A | -94.7% |
Others | N/A | 1.0 | 5.0 | N/A | 400.0% |
Total | 199 | 160 | 263 | 211 | 2.0% |
Top Export Markets for Insulating Fittings from Saudi Arabia in 2022:
- United Arab Emirates (36.5 tons)
- Iraq (33.9 tons)
This report provides an in-depth analysis of the insulating fittings market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the insulating fittings market in Saudi Arabia.
This report provides an in-depth analysis of the electrical insulating fittings market in Saudi Arabia.
This report provides an in-depth analysis of the ceramic insulating fittings market in Saudi Arabia.
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.
This report provides an in-depth analysis of the insulating fittings market in Saudi Arabia.
This report provides an in-depth analysis of the electrical insulating fittings market in Saudi Arabia.
This report provides an in-depth analysis of the ceramic insulating fittings market in Saudi Arabia.
This report provides an in-depth analysis of the global 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
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