Price for Electrical Insulators of Any Material in the United States - 2023
Contents:
- Price for Electrical Insulators of Any Material in the United States (CIF) - 2022
- Price for Electrical Insulators of Any Material in the United States (FOB) - 2022
- Imports of Electrical Insulators of Any Material in the United States
- Exports of Electrical Insulators of Any Material in the United States
Price for Electrical Insulators of Any Material in the United States (CIF) - 2022
The average import price for electrical insulators of any materials stood at $7.2 per unit in 2022, surging by 22% against the previous year. Overall, import price indicated a significant increase from 2020 to 2022: its price increased at an average annual rate of +20.6% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulators of any material import price increased by +45.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($42 per unit), while the price for Japan ($3.2 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+236.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in the United States (FOB) - 2022
In 2022, the average export price for electrical insulators of any materials amounted to $132 per unit, dropping by -84.9% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2021 an increase of 830%. As a result, the export price reached the peak level of $875 per unit, and then shrank sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($268 per unit), while the average price for exports to Hong Kong SAR ($20 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Insulators of Any Material in the United States
In 2022, approx. 60M units of electrical insulators of any materials were imported into the United States; picking up by 9% compared with the previous year. In general, imports, however, continue to indicate a noticeable slump. Imports peaked at 63M units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, electrical insulators of any material imports skyrocketed to $432M in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Insulators of Any Material in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 96.9 | 96.6 | 136 | 18.5% | |
| Mexico | 73.7 | 72.8 | 73.7 | 0.0% | |
| India | 23.1 | 26.5 | 39.9 | 31.4% | |
| Taiwan (Chinese) | 7.5 | 11.4 | 29.8 | 99.3% | |
| Japan | 17.0 | 17.7 | 20.8 | 10.6% | |
| Italy | 9.4 | 8.9 | 18.4 | 39.9% | |
| Germany | 14.7 | 15.8 | 16.9 | 7.2% | |
| Brazil | 4.6 | 4.1 | 5.7 | 11.3% | |
| Others | 66.0 | 72.0 | 91.1 | 17.5% | |
| Total | 313 | 326 | 432 | 17.5% | |
Top Suppliers of Electrical Insulators of Any Material to the United States in 2022:
- China (33.3M units)
- Taiwan (Chinese) (6.9M units)
- Japan (6.6M units)
- Italy (4.1M units)
- Germany (2.1M units)
- Mexico (1.7M units)
- India (1.7M units)
- Brazil (0.1M units)
Exports of Electrical Insulators of Any Material in the United States
In 2022, exports of electrical insulators of any materials from the United States skyrocketed to 1.9M units, surging by 736% on the year before. Overall, exports, however, recorded a deep setback. The exports peaked at 2.2M units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, electrical insulators of any material exports surged to $256M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electrical Insulators of Any Material in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Mexico | 81.3 | 76.2 | 80.7 | -0.4% | |
| Canada | 41.2 | 45.3 | 61.5 | 22.2% | |
| Germany | 4.2 | 5.0 | 28.1 | 158.7% | |
| China | 5.9 | 6.3 | 5.2 | -6.1% | |
| Malaysia | 3.1 | 3.5 | 4.5 | 20.5% | |
| Singapore | 3.7 | 3.4 | 4.0 | 4.0% | |
| Colombia | 2.6 | 2.7 | 3.8 | 20.9% | |
| Philippines | 1.6 | 3.4 | 3.1 | 39.2% | |
| United Kingdom | 2.7 | 2.1 | 3.0 | 5.4% | |
| Italy | 3.4 | 1.9 | 2.5 | -14.3% | |
| Hong Kong SAR | 2.4 | 3.5 | 2.4 | 0.0% | |
| Poland | 1.3 | 2.2 | 2.3 | 33.0% | |
| India | 1.6 | 1.0 | 1.1 | -17.1% | |
| Others | 49.7 | 46.2 | 53.8 | 4.0% | |
| Total | 205 | 203 | 256 | 11.7% | |
Top Export Markets for Electrical Insulators of Any Material from the United States in 2022:
- Canada (315.5K units)
- Mexico (301.4K units)
- China (237.4K units)
- Germany (227.4K units)
- Hong Kong SAR (119.7K units)
- Italy (84.6K units)
- Singapore (75.5K units)
- Philippines (53.5K units)
- Poland (44.3K units)
- Colombia (40.0K units)
- India (37.7K units)
- Malaysia (36.1K units)
- United Kingdom (34.8K units)
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Imports of Electrical Insulator decreased to $34M in June 2023 in terms of value.
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