Price for Electrical Insulators of Any Material in Kazakhstan - 2022

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

In 2022, the average import price for electrical insulators of any materials amounted to $0.3 per unit, surging by 30% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Ukraine ($2.2 per unit), while the price for Russia ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+24.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for electrical insulators of any materials amounted to $0.3 per unit, waning by -21.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum at $0.4 per unit in 2021, and then declined dramatically in the following year.

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 Russia ($0.4 per unit), while the average price for exports to Azerbaijan amounted to $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.1%).

Imports of Electrical Insulators of Any Material in Kazakhstan

In 2022, electrical insulators of any material imports into Kazakhstan contracted dramatically to 29M units, waning by -41% against 2021. Overall, imports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 3.1% against the previous year. Over the period under review, imports hit record highs at 57M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electrical insulators of any material imports shrank rapidly to $9.6M in 2022. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports attained the peak of $13M, and then fell notably in the following year.

Import of Electrical Insulators of Any Material in Kazakhstan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	8.9	5.6	8.4	5.9	-12.8%
China	1.3	1.5	1.5	1.6	7.2%
Ukraine	0.5	0.5	0.8	0.1	-41.5%
Others	1.2	1.7	1.8	2.1	20.5%
Total	12.0	9.2	12.5	9.6	-7.2%

Top Suppliers of Electrical Insulators of Any Material to Kazakhstan in 2022:

Russia (23.6M units)
China (4.6M units)

Exports of Electrical Insulators of Any Material in Kazakhstan

In 2022, shipments abroad of electrical insulators of any materials was finally on the rise to reach 3.4M units after two years of decline. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material exports surged to $1.2M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.