Price for Electrical Insulators of Any Material in Japan - 2023

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

The average export price for electrical insulators of any materials stood at $1.3 per unit in November 2023, waning by -6.2% against the previous month. Over the period under review, the export price, however, enjoyed strong growth. The growth pace was the most rapid in July 2023 when the average export price increased by 113% against the previous month. The export price peaked at $1.4 per unit in October 2023, and then dropped in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3.2 per unit), while the average price for exports to Taiwan (Chinese) stood at $1.0 per unit.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In November 2023, the average import price for electrical insulators of any materials amounted to $1.7 per unit, increasing by 7.6% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in October 2023 an increase of 32% month-to-month. Over the period under review, average import prices attained the maximum at $1.9 per unit in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Switzerland ($6.6 per unit), while the price for Vietnam ($495 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electrical Insulators of Any Material in Japan

For the third consecutive year, Japan recorded decline in overseas shipments of electrical insulators of any materials, which decreased by -13.8% to 51M units in 2022. Overall, exports recorded a sharp descent. The exports peaked at 116M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electrical insulators of any material exports fell rapidly to $34M in 2022. Over the period under review, exports faced a abrupt curtailment. The smallest decline of -3.4% was in 2020. The exports peaked at $62M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Electrical Insulators of Any Material in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	10.8	13.4	12.7	15.2	12.1%
Myanmar	6.9	0.4	3.3	3.9	-17.3%
China	7.8	7.6	4.5	3.2	-25.7%
Kuwait	0.2	N/A	0.1	2.9	143.8%
United States	3.4	2.7	1.6	1.6	-22.2%
Thailand	1.8	5.1	2.6	0.8	-23.7%
South Korea	1.7	0.9	0.8	0.8	-22.2%
Canada	1.7	0.5	0.7	0.4	-38.3%
Malaysia	1.1	0.7	0.7	0.3	-35.2%
Australia	2.0	2.9	1.9	0.1	-63.2%
Bangladesh	14.8	19.7	10.0	N/A	-17.8%
Sri Lanka	1.4	1.0	N/A	N/A	-28.6%
Cambodia	2.7	N/A	N/A	N/A	0%
Others	5.5	4.8	4.2	4.3	-7.9%
Total	61.8	59.7	43.3	33.5	-18.5%

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

Taiwan (Chinese) (28.0M units)
Myanmar (6.6M units)
Kuwait (6.4M units)
Thailand (2.5M units)
United States (2.4M units)
South Korea (1.3M units)
China (1.2M units)
Canada (0.4M units)
Australia (0.2M units)
Malaysia (0.1M units)

Imports of Electrical Insulators of Any Material in Japan

In 2022, approx. 21M units of electrical insulators of any materials were imported into Japan; jumping by 19% against 2021 figures. In general, imports, however, continue to indicate a abrupt setback. Over the period under review, imports reached the maximum at 25M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical insulators of any material imports soared to $30M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $31M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Electrical Insulators of Any Material in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	10.8	6.4	8.0	8.6	-7.3%
Switzerland	2.0	1.8	1.4	4.0	26.0%
Taiwan (Chinese)	2.5	2.0	2.5	3.0	6.3%
Vietnam	0.9	0.7	1.5	2.8	46.0%
United States	3.2	3.2	2.2	2.7	-5.5%
Germany	4.9	2.6	3.7	2.5	-20.1%
India	0.7	0.7	0.8	1.4	26.0%
Denmark	2.0	1.8	1.1	1.1	-18.1%
South Korea	0.7	1.0	0.9	1.1	16.3%
Italy	1.3	1.0	0.9	0.2	-46.4%
Others	1.7	2.0	2.0	2.5	13.7%
Total	30.7	23.1	24.9	29.8	-1.0%