Price for Electrical Insulators of Any Material in Portugal - 2023
Contents:
- Price for Electrical Insulators of Any Material in Portugal (FOB) - 2023
- Price for Electrical Insulators of Any Material in Portugal (CIF) - 2023
- Exports of Electrical Insulators of Any Material in Portugal
- Imports of Electrical Insulators of Any Material in Portugal
Price for Electrical Insulators of Any Material in Portugal (FOB) - 2023
In October 2023, the average export price for electrical insulators of any materials amounted to $760 per thousand units, with a decrease of -19.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in March 2023 an increase of 28% m-o-m. Over the period under review, the average export prices attained the peak figure at $944 per thousand units in September 2023, and then contracted remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($2.4 per unit), while the average price for exports to Germany ($344 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 Spain (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Portugal (CIF) - 2023
In October 2023, the average import price for electrical insulators of any materials amounted to $742 per thousand units, picking up by 24% against the previous month. In general, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in December 2022 when the average import price increased by 162% month-to-month. As a result, import price reached the peak level of $2.3 per unit. From January 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($6.3 per unit), while the price for Spain ($326 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 Ukraine (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Insulators of Any Material in Portugal
After three years of growth, shipments abroad of electrical insulators of any materials decreased by -2% to 94M units in 2022. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 17%. Over the period under review, the exports attained the peak figure at 96M units in 2021, and then contracted in the following year.
In value terms, electrical insulators of any material exports reduced to $61M in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $61M, leveling off in the following year.
| Export of Electrical Insulators of Any Material in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 23.7 | 22.8 | 26.7 | 25.1 | 1.9% |
| United States | 4.6 | 5.3 | 8.0 | 6.5 | 12.2% |
| Germany | 1.7 | 3.6 | 3.5 | 6.4 | 55.6% |
| Spain | 4.4 | 4.6 | 6.9 | 6.3 | 12.7% |
| Italy | 3.3 | 6.5 | 5.2 | 4.9 | 14.1% |
| France | 2.5 | 1.3 | 1.8 | 1.9 | -8.7% |
| Netherlands | 0.7 | 1.5 | 2.9 | 1.5 | 28.9% |
| Finland | 0.2 | 0.6 | 0.6 | 0.8 | 58.7% |
| Turkey | 0.9 | 0.4 | 0.7 | 0.1 | -51.9% |
| Others | 6.0 | 6.5 | 5.0 | 7.3 | 6.8% |
| Total | 48.0 | 53.0 | 61.4 | 60.8 | 8.2% |
Top Export Markets for Electrical Insulators of Any Material from Portugal in 2022:
- Belgium (24.3M units)
- Italy (16.5M units)
- Germany (15.3M units)
- Spain (10.2M units)
- Netherlands (6.3M units)
- United States (5.3M units)
- Finland (3.0M units)
- France (2.0M units)
- Turkey (0.8M units)
Imports of Electrical Insulators of Any Material in Portugal
In 2022, overseas purchases of electrical insulators of any materials decreased by -3.5% to 25M units, falling for the second consecutive year after two years of growth. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 7.8% against the previous year. As a result, imports reached the peak of 33M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, electrical insulators of any material imports expanded remarkably to $28M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Insulators of Any Material in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.7 | 3.5 | 6.3 | 8.5 | 31.9% |
| Spain | 6.6 | 5.8 | 6.5 | 5.1 | -8.2% |
| Poland | 0.8 | 1.8 | 3.3 | 4.5 | 77.8% |
| Czech Republic | 0.1 | 0.6 | 0.7 | 2.9 | 207.2% |
| France | 1.8 | 0.7 | 1.4 | 1.7 | -1.9% |
| Ukraine | 1.0 | 0.9 | 0.5 | 0.6 | -15.7% |
| China | 0.7 | 0.4 | 0.5 | 0.5 | -10.6% |
| Others | 5.4 | 5.5 | 6.7 | 4.3 | -7.3% |
| Total | 20.0 | 19.2 | 25.9 | 28.2 | 12.1% |
Top Suppliers of Electrical Insulators of Any Material to Portugal in 2022:
- Spain (13.6M units)
- Ukraine (3.6M units)
- Germany (2.2M units)
- China (1.5M units)
- Poland (1.3M units)
- Czech Republic (0.7M units)
- France (0.6M units)
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