Price for Electrical Insulators of Any Material in Ukraine - 2023

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

The average export price for electrical insulators of any materials stood at $0.2 per unit in 2022, rising by 15% against the previous year. Over the period under review, the export price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15%. The export price peaked at $0.2 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($0.2 per unit), while the average price for exports to Russia ($0.1 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 Hungary (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Ukraine (CIF) - 2023

The average import price for electrical insulators of any materials stood at $423 per thousand units in October 2023, with an increase of 60% against the previous month. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in April 2023 an increase of 134% m-o-m. Over the period under review, average import prices attained the peak figure at $1.3 per unit in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was India ($4.0 per unit), while the price for Hungary ($219 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 Turkey (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Electrical Insulators of Any Material in Ukraine

In 2022, shipments abroad of electrical insulators of any materials decreased by -50.3% to 82M units, falling for the second year in a row after two years of growth. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 31%. As a result, the exports reached the peak of 166M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical insulators of any material exports reduced markedly to $13M in 2022. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, the exports attained the peak of $23M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Electrical Insulators of Any Material in Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	0.2	0.6	1.2	2.4	128.9%
Iraq	1.4	2.5	2.7	1.4	0.0%
Poland	1.0	1.6	0.9	1.0	0.0%
Turkey	0.2	1.1	0.8	0.9	65.1%
Hungary	0.5	0.2	N/A	0.9	21.6%
Algeria	N/A	0.1	0.6	0.7	164.6%
Estonia	0.4	0.2	0.5	0.7	20.5%
United States	0.2	4.5	0.6	0.6	44.2%
Vietnam	1.0	2.0	2.3	0.6	-15.7%
Portugal	0.9	0.8	0.5	0.5	-17.8%
Greece	0.7	0.6	0.7	0.3	-24.6%
Azerbaijan	0.2	0.1	0.1	0.3	14.5%
Russia	3.4	3.5	4.4	0.2	-61.1%
Others	7.3	5.1	7.3	2.5	-30.0%
Total	17.2	22.9	22.8	13.0	-8.9%

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

Austria (15.6M units)
Iraq (11.1M units)
Turkey (7.4M units)
Poland (7.4M units)
Estonia (4.7M units)
Hungary (4.1M units)
United States (3.6M units)
Portugal (3.3M units)
Algeria (3.3M units)
Vietnam (2.7M units)
Greece (2.1M units)
Azerbaijan (1.7M units)
Russia (1.7M units)

Imports of Electrical Insulators of Any Material in Ukraine

In 2022, purchases abroad of electrical insulators of any materials decreased by -48.5% to 4.9M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of 9.4M units, and then contracted significantly in the following year.

In value terms, electrical insulators of any material imports contracted sharply to $3.6M in 2022. In general, imports showed a dramatic curtailment. The smallest decline of -19.2% was in 2021. Over the period under review, imports hit record highs at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Electrical Insulators of Any Material in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	955	1,668	2,652	1,212	8.3%
Poland	1,555	1,716	1,296	981	-14.2%
India	30.4	36.1	32.6	261	104.8%
Hungary	69.8	140	178	193	40.4%
Turkey	278	71.4	36.7	192	-11.6%
Germany	4,465	359	118	177	-65.9%
Russia	1,787	928	1,084	118	-59.6%
South Korea	133	156	130	61.8	-22.5%
Others	1,809	2,871	893	401	-39.5%
Total	11,084	7,947	6,420	3,597	-31.3%