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World - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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The global market for electrical insulating fittings of plastics is expected to show positive growth trends over the next eight years, with consumption forecasted to increase in volume and value. Countries like China, Brazil, and the United States are leading in consumption and production, while Germany remains the largest exporter of electrical insulating fittings. Prices and export volumes have seen fluctuations over the years, with some countries showing significant growth rates. Overall, the market is poised for continued expansion in the near future.
Market Forecast
Driven by increasing demand for electrical insulating fittings of plastics worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market volume to 1.4M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $33.8B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electrical Insulating Fittings Of Plastics
In 2022, approx. 959K tons of electrical insulating fittings of plastics were consumed worldwide; surging by 3.6% compared with the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +94.1% against 2012 indices. Over the period under review, global consumption reached the maximum volume in 2022 and is expected to retain growth in years to come.
The global electrical insulating fittings market value stood at $21.6B in 2022, picking up by 4.7% 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 increase from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +103.9% against 2012 indices. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (145K tons), Brazil (100K tons) and the United States (91K tons), together comprising 35% of global consumption. Mexico, India, Japan, Germany, Pakistan, Bangladesh, Indonesia, the UK, Spain and France lagged somewhat behind, together accounting for a further 40%.
From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +18.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($7.6B) led the market, alone. The second position in the ranking was taken by China ($1.9B). It was followed by Mexico.
From 2012 to 2022, the average annual growth rate of value in the United States amounted to +9.3%. In the other countries, the average annual rates were as follows: China (+9.2% per year) and Mexico (+2.7% per year).
The countries with the highest levels of electrical insulating fittings per capita consumption in 2022 were Mexico (604 kg per 1000 persons), Brazil (463 kg per 1000 persons) and Germany (461 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Bangladesh (with a CAGR of +17.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Electrical Insulating Fittings Of Plastics
Global electrical insulating fittings production reached 901K tons in 2022, with an increase of 2.1% on the previous year's figure. Overall, the total production indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% 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 -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 20%. Over the period under review, global production hit record highs at 921K tons in 2020; however, from 2021 to 2022, production failed to regain momentum.
In value terms, electrical insulating fittings production expanded to $19.8B in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 -2.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, production attained the peak level of $20.4B. From 2021 to 2022, global production growth failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (143K tons), Brazil (99K tons) and the United States (86K tons), together comprising 36% of global production. Mexico, Germany, Japan, India, Pakistan, Bangladesh, Indonesia, Spain, the UK and France lagged somewhat behind, together comprising a further 44%.
From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +19.4%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Electrical Insulating Fittings Of Plastics
In 2022, supplies from abroad of electrical insulating fittings of plastics increased by 3% to 232K tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Global imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, electrical insulating fittings imports declined to $4.7B in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $4.8B, and then shrank modestly in the following year.
Imports By Country
Germany (22K tons), the Czech Republic (20K tons), China (14K tons), India (13K tons), Romania (11K tons), Mexico (11K tons), Hungary (10K tons), Belgium (9.2K tons), Poland (9.2K tons), Nigeria (8.6K tons), Italy (8.2K tons) and the United States (6.4K tons) represented roughly 62% of total imports in 2022. Serbia (5K tons) took a little share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +22.2%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest electrical insulating fittings importing markets worldwide were Germany ($620M), China ($516M) and the Czech Republic ($408M), with a combined 33% share of global imports. Romania, Hungary, Mexico, India, Poland, the United States, Serbia, Belgium, Italy and Nigeria lagged somewhat behind, together comprising a further 29%.
Among the main importing countries, Serbia, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average electrical insulating fittings import price stood at $20,257 per ton in 2022, falling by -4.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 7.8% against the previous year. Over the period under review, average import prices reached the peak figure at $21,926 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 China ($35,960 per ton), while Nigeria ($2,324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Electrical Insulating Fittings Of Plastics
In 2022, approx. 174K tons of electrical insulating fittings of plastics were exported worldwide; dropping by -4.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 12%. Over the period under review, the global exports reached the peak figure at 210K tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.
In value terms, electrical insulating fittings exports dropped to $4.6B in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +11.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $4.9B, and then dropped in the following year.
Exports By Country
In 2022, Germany (42K tons), distantly followed by the Czech Republic (19K tons), Japan (15K tons), China (13K tons), Austria (10K tons), Belgium (9K tons), South Korea (8.2K tons) and Hungary (7.8K tons) represented the key exporters of electrical insulating fittings of plastics, together committing 71% of total exports. The following exporters - Thailand (4.7K tons), Italy (4.7K tons), Spain (4.6K tons), Poland (4.4K tons) and France (3.5K tons) - together made up 13% of total exports.
From 2012 to 2022, average annual rates of growth with regard to electrical insulating fittings exports from Germany stood at +5.1%. At the same time, Belgium (+17.3%), Spain (+7.1%), Thailand (+6.6%), South Korea (+6.1%), Austria (+5.8%), Hungary (+4.3%), France (+3.0%), the Czech Republic (+2.8%) and Poland (+1.9%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.3% from 2012-2022. Japan and Italy experienced a relatively flat trend pattern. By contrast, China (-2.9%) illustrated a downward trend over the same period. Germany (+5.3 p.p.), Belgium (+3.8 p.p.) and Austria (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Japan and China saw its share reduced by -2.3% and -5.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($1.2B) remains the largest electrical insulating fittings supplier worldwide, comprising 26% of global exports. The second position in the ranking was taken by the Czech Republic ($570M), with a 12% share of global exports. It was followed by Japan, with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +6.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+10.7% per year) and Japan (-1.8% per year).
Export Prices By Country
In 2022, the average electrical insulating fittings export price amounted to $26,625 per ton, shrinking by -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2021 when the average export price increased by 7.7%. As a result, the export price attained the peak level of $27,239 per ton, and then shrank in the following year.
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 Hungary ($36,589 per ton), while Poland ($12,442 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global electrical 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 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)
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
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Explore the top import markets for electrical insulating fittings in 2023. Learn about the key players driving the global demand for these essential components.
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