Price for Electrical Insulators of Any Material in Hungary - 2023

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

The average export price for electrical insulators of any materials stood at $1.5 per unit in 2022, standing approx. at the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The growth pace was the most rapid in 2018 when the average export price increased by 58%. As a result, the export price reached the peak level of $2.5 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2.2 per unit), while the average price for exports to France ($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 Italy (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for electrical insulators of any materials stood at $0.7 per unit in 2022, dropping by -6.7% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 78%. As a result, import price reached the peak level of $1.5 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1.3 per unit), while the price for the Czech Republic ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Electrical Insulators of Any Material in Hungary

In 2022, exports of electrical insulators of any materials from Hungary skyrocketed to 20M units, growing by 20% compared with the previous year. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material exports surged to $29M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +49.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Electrical Insulators of Any Material in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	9.1	11.0	15.3	16.2	21.2%
Italy	0.4	0.3	0.6	3.1	97.9%
United States	1.2	1.3	1.5	2.3	24.2%
Romania	0.2	0.5	1.1	1.1	76.5%
Poland	0.7	0.8	0.7	0.8	4.6%
France	0.6	0.5	0.6	0.7	5.3%
Czech Republic	1.0	1.0	1.0	0.6	-15.7%
United Kingdom	0.6	0.5	0.7	0.6	0.0%
Slovakia	0.9	0.9	0.7	0.6	-12.6%
Vietnam	0.8	0.2	0.3	0.2	-37.0%
Russia	0.3	0.2	0.1	0.1	-30.7%
Others	4.1	2.3	1.7	2.7	-13.0%
Total	20.0	19.4	24.4	29.0	13.2%

Top Export Markets for Electrical Insulators of Any Material from Hungary in 2022:

Germany (7.3M units)
Italy (1.5M units)
Poland (1.5M units)
France (1.4M units)
United States (1.2M units)
Romania (1.1M units)
Czech Republic (1.0M units)
United Kingdom (1.0M units)
Slovakia (0.9M units)
Vietnam (0.2M units)
Russia (0.2M units)

Imports of Electrical Insulators of Any Material in Hungary

In 2022, supplies from abroad of electrical insulators of any materials was finally on the rise to reach 13M units after two years of decline. Overall, imports, however, recorded a abrupt setback. Imports peaked at 16M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical insulators of any material imports totaled $9.1M in 2022. In general, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked at $12M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Electrical Insulators of Any Material in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	3,383	1,842	1,466	2,442	-10.3%
Slovenia	548	721	983	1,487	39.5%
Italy	2,128	1,665	1,488	1,215	-17.0%
Poland	323	400	836	683	28.4%
Czech Republic	631	388	443	464	-9.7%
France	716	352	492	463	-13.5%
Turkey	781	470	578	412	-19.2%
Slovakia	359	336	337	294	-6.4%
Austria	476	200	344	152	-31.6%
Ukraine	553	264	33.7	71.6	-49.4%
Others	1,645	1,248	2,038	1,437	-4.4%
Total	11,543	7,886	9,040	9,119	-7.6%