Price for Electrical Insulators of Any Material in Finland - 2023

Price for Electrical Insulators of Any Material in Finland (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $0.8 per unit, increasing by 12% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. 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 +53.2% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $1.1 per unit. From 2015 to 2022, the average 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 ($2 per unit), while the price for Ukraine ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Finland (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $2.1 per unit, waning by -15.3% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price 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, electrical insulators of any material export price decreased by -6.1% against 2017 indices. The growth pace was the most rapid in 2014 when the average export price increased by 45%. Over the period under review, the average export prices reached the peak figure at $3 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($5 per unit), while the average price for exports to Lithuania ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+32.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Insulators of Any Material in Finland

In 2022, the amount of electrical insulators of any materials imported into Finland soared to 20M units, growing by 28% on 2021. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports hit record highs at 26M units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulators of any material imports soared to $17M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Electrical Insulators of Any Material in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.5	5.8	3.8	5.2	4.9%
Estonia	0.9	1.0	1.0	1.6	21.1%
China	2.4	0.2	0.3	1.1	-22.9%
Portugal	0.2	0.4	0.5	0.8	58.7%
Poland	0.3	0.5	0.3	0.4	10.1%
Slovakia	N/A	N/A	0.1	0.4	300.0%
Ukraine	0.1	0.2	0.3	0.2	26.0%
Russia	0.4	0.2	0.1	N/A	-50.0%
Lithuania	1.3	1.5	0.8	N/A	-21.6%
Others	3.5	5.6	4.3	6.8	24.8%
Total	13.7	15.4	11.5	16.6	6.6%

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

Germany (4.8M units)
Estonia (3.5M units)
Portugal (3.3M units)
China (1.5M units)
Ukraine (1.4M units)
Poland (1.4M units)
Slovakia (1.0M units)
Russia (0.2M units)
Lithuania (0.1M units)

Exports of Electrical Insulators of Any Material in Finland

In 2022, exports of electrical insulators of any materials from Finland skyrocketed to 1.3M units, growing by 55% on 2021 figures. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material exports skyrocketed to $2.9M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Electrical Insulators of Any Material in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	1,333	1,058	1,003	1,138	-5.1%
United States	60.5	91.0	77.7	385	85.3%
China	405	380	311	373	-2.7%
Switzerland	117	145	112	152	9.1%
Netherlands	13.5	19.8	46.7	112	102.4%
Lithuania	3.6	N/A	20.0	69.1	167.7%
Russia	144	65.0	54.8	68.3	-22.0%
Kazakhstan	132	27.3	29.1	40.1	-32.8%
Others	458	399	518	519	4.3%
Total	2,667	2,185	2,171	2,857	2.3%