Price for Electrical Insulators of Any Material in New Zealand - 2023

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

The average import price for electrical insulators of any materials stood at $0.9 per unit in 2022, waning by -15.4% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +18.0% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 43% against the previous year. The import price peaked at $1.1 per unit in 2021, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($1.7 per unit), while the price for China ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for electrical insulators of any materials stood at $847 per thousand units in December 2023, falling by -35.5% against the previous month. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 63% month-to-month. Over the period under review, the average export prices reached the maximum at $1.8 per unit in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was France ($1.7 per unit), while the average price for exports to Australia ($600 per thousand units) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in New Zealand

In 2022, approx. 6.5M units of electrical insulators of any materials were imported into New Zealand; growing by 13% against the year before. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 16%. As a result, imports reached the peak of 7.5M units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, electrical insulators of any material imports contracted slightly to $5.9M in 2022. In general, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 4%. Imports peaked at $6.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Electrical Insulators of Any Material in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,052	2,717	2,266	1,958	-1.6%
Thailand	40.2	102	894	981	190.1%
United States	607	628	410	605	-0.1%
Japan	82.4	247	434	468	78.4%
Canada	669	497	397	452	-12.3%
Australia	289	240	211	377	9.3%
India	196	244	352	198	0.3%
South Korea	260	336	393	173	-12.7%
Czech Republic	268	227	89.0	135	-20.4%
Switzerland	1,065	41.7	275	109	-53.2%
Italy	349	16.3	14.4	34.5	-53.8%
Others	487	634	432	384	-7.6%
Total	6,363	5,929	6,168	5,873	-2.6%

Top Suppliers of Electrical Insulators of Any Material to New Zealand in 2022:

China (3407.4K units)
Japan (694.0K units)
Thailand (563.7K units)
United States (425.8K units)
Canada (328.6K units)
Australia (240.2K units)
India (166.7K units)
Switzerland (164.8K units)
South Korea (99.8K units)
Czech Republic (77.5K units)
Italy (20.2K units)

Exports of Electrical Insulators of Any Material in New Zealand

After three years of growth, overseas shipments of electrical insulators of any materials decreased by -6.9% to 3.4M units in 2022. The total export volume 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. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, the exports reached the peak of 3.7M units, and then fell in the following year.

In value terms, electrical insulators of any material exports rose significantly to $3.8M in 2022. Overall, exports saw a mild decrease. The exports peaked at $4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Electrical Insulators of Any Material in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	1,684	1,667	1,624	1,920	4.5%
United States	562	554	546	612	2.9%
Canada	257	184	258	311	6.6%
Netherlands	317	314	128	210	-12.8%
United Kingdom	113	148	108	175	15.7%
Samoa	78.8	74.3	4.7	101	8.6%
Chile	165	112	180	57.0	-29.8%
Others	841	687	635	415	-21.0%
Total	4,017	3,740	3,484	3,800	-1.8%