Price for Electrical Insulators of Any Material in Thailand - 2023
Contents:
- Price for Electrical Insulators of Any Material in Thailand (CIF) - 2022
- Price for Electrical Insulators of Any Material in Thailand (FOB) - 2022
- Imports of Electrical Insulators of Any Material in Thailand
- Exports of Electrical Insulators of Any Material in Thailand
Price for Electrical Insulators of Any Material in Thailand (CIF) - 2022
The average import price for electrical insulators of any materials stood at $0.5 per unit in 2022, reducing by -25.9% against the previous year. In general, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $0.6 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
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 Japan ($1.4 per unit), while the price for China ($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 Vietnam (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Thailand (FOB) - 2022
The average export price for electrical insulators of any materials stood at $1.2 per unit in 2022, which is down by -25.6% against the previous year. In general, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. The export price peaked at $1.8 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2.8 per unit), while the average price for exports to Lao People's Democratic Republic ($0.2 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 South Africa (+23.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electrical Insulators of Any Material in Thailand
Electrical insulators of any material imports into Thailand reached 122M units in 2022, with an increase of 3.2% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 8.2% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, electrical insulators of any material imports contracted dramatically to $56M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports reached the peak of $74M, and then dropped rapidly in the following year.
| Import of Electrical Insulators of Any Material in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.7 | 20.6 | 24.5 | 22.8 | 13.2% |
| Japan | 10.6 | 14.9 | 13.9 | 7.8 | -9.7% |
| Italy | 11.1 | 2.7 | 6.5 | 5.8 | -19.5% |
| Taiwan (Chinese) | 1.8 | 1.7 | 1.8 | 1.9 | 1.8% |
| Others | 14.3 | 14.2 | 27.0 | 18.0 | 8.0% |
| Total | 53.4 | 54.1 | 73.7 | 56.4 | 1.8% |
Top Suppliers of Electrical Insulators of Any Material to Thailand in 2022:
- China (87.0M units)
- Italy (17.5M units)
- Japan (5.8M units)
- Taiwan (Chinese) (2.9M units)
Exports of Electrical Insulators of Any Material in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of electrical insulators of any materials, when their volume decreased by -9.9% to 21M units. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 8.2%. Over the period under review, the exports hit record highs at 23M units in 2021, and then reduced in the following year.
In value terms, electrical insulators of any material exports dropped notably to $26M in 2022. Over the period under review, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $39M, and then fell markedly in the following year.
| Export of Electrical Insulators of Any Material in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.0 | 6.5 | 12.7 | 6.8 | -5.3% |
| China | 4.8 | 9.4 | 9.0 | 5.4 | 4.0% |
| Philippines | 3.1 | 2.0 | 2.5 | 3.4 | 3.1% |
| Malaysia | 1.6 | 2.6 | 3.7 | 2.5 | 16.0% |
| United States | 0.6 | 1.9 | 2.0 | 1.6 | 38.7% |
| France | 0.9 | 0.8 | 0.8 | 1.0 | 3.6% |
| Hong Kong SAR | 1.4 | 1.9 | 1.5 | 0.9 | -13.7% |
| Taiwan (Chinese) | 1.0 | 1.4 | 1.3 | 0.8 | -7.2% |
| Italy | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| Cambodia | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
| Lao People's Democratic Republic | 0.6 | 0.2 | 0.3 | 0.3 | -20.6% |
| Indonesia | 0.5 | 0.3 | 1.2 | 0.3 | -15.7% |
| Others | 1.6 | 2.3 | 2.9 | 1.9 | 5.9% |
| Total | 24.6 | 30.2 | 38.7 | 25.9 | 1.7% |
Top Export Markets for Electrical Insulators of Any Material from Thailand in 2022:
- United States (5.7M units)
- Japan (4.3M units)
- Philippines (2.5M units)
- China (2.1M units)
- Lao People's Democratic Republic (1.6M units)
- Malaysia (0.9M units)
- France (0.6M units)
- Italy (0.5M units)
- Cambodia (0.5M units)
- Taiwan (Chinese) (0.4M units)
- Indonesia (0.4M units)
- Hong Kong SAR (0.2M units)
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