Price for Electrical Insulators of Any Material in Estonia - 2023

Price for Electrical Insulators of Any Material in Estonia (CIF) - 2023

In October 2023, the average import price for electrical insulators of any materials amounted to $407 per thousand units, shrinking by -44.3% against the previous month. Over the period under review, the import price recorded a slight downturn. The growth pace was the most rapid in January 2023 an increase of 114% month-to-month. As a result, import price attained the peak level of $1.0 per unit. From February 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Finland ($1.0 per unit), while the price for Kazakhstan ($158 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Russia (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Estonia (FOB) - 2023

In October 2023, the average export price for electrical insulators of any materials amounted to $1.1 per unit, with a decrease of -10.1% against the previous month. In general, the export price, however, recorded moderate growth. The pace of growth appeared the most rapid in January 2023 an increase of 52% m-o-m. The export price peaked at $1.5 per unit in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Poland ($1.7 per unit), while the average price for exports to Lithuania ($245 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Estonia

In 2022, electrical insulators of any material imports into Estonia soared to 20M units, growing by 23% on 2021. The total import volume increased at an average annual rate of +4.3% 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.

In value terms, electrical insulators of any material imports soared to $10M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2,061	3,157	2,789	2,929	12.4%
Finland	1,143	1,476	2,393	2,271	25.7%
China	512	533	553	1,891	54.6%
Ukraine	405	245	593	718	21.0%
Poland	529	686	648	484	-2.9%
Russia	538	311	154	289	-18.7%
Brazil	71.3	88.8	76.8	137	24.3%
Others	2,770	1,154	1,158	1,240	-23.5%
Total	8,029	7,651	8,365	9,958	7.4%

Top Suppliers of Electrical Insulators of Any Material to Estonia in 2022:

China (5.2M units)
Ukraine (4.7M units)
Germany (3.1M units)
Finland (2.7M units)
Russia (2.0M units)
Poland (0.8M units)
Brazil (0.7M units)

Exports of Electrical Insulators of Any Material in Estonia

In 2022, exports of electrical insulators of any materials from Estonia declined to 9.1M units, falling by -8% on 2021. In general, exports recorded a abrupt descent. The smallest decline of -3.5% was in 2021. The exports peaked at 12M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electrical insulators of any material exports fell notably to $7.1M in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Over the period under review, the exports reached the peak figure at $9.4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Electrical Insulators of Any Material in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	2,755	2,861	3,884	3,582	9.1%
Sweden	1,179	1,313	1,907	1,528	9.0%
Poland	754	508	232	316	-25.2%
Lithuania	112	233	405	298	38.6%
Norway	298	320	285	253	-5.3%
United States	139	31.8	457	241	20.1%
Latvia	132	315	242	191	13.1%
Russia	971	586	447	142	-47.3%
Spain	217	152	136	108	-20.8%
Brazil	971	N/A	4.9	14.1	-75.6%
Kazakhstan	176	62.7	28.3	9.1	-62.7%
Others	1,662	1,942	1,123	368	-39.5%
Total	9,368	8,323	9,152	7,051	-9.0%