Price for Electrical Insulators of Any Material in Pakistan - 2023

Contents:

1. Price for Electrical Insulators of Any Material in Pakistan (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Pakistan (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Pakistan
4. Exports of Electrical Insulators of Any Material in Pakistan

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

In 2022, the average import price for electrical insulators of any materials amounted to $0.4 per unit, with a decrease of -16.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum at $0.9 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.1% per year.

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

In 2022, the average export price for electrical insulators of any materials amounted to $0.1 per unit, shrinking by -31.1% against the previous year. Over the period under review, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $0.4 per unit. From 2017 to 2022, the average 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 Turkey ($0.2 per unit), while the average price for exports to the United States ($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 Saudi Arabia (+20.0%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Insulators of Any Material in Pakistan

Electrical insulators of any material imports into Pakistan soared to 87M units in 2022, jumping by 157% compared with 2021. Over the period under review, imports posted a significant increase. Imports peaked at 88M units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, electrical insulators of any material imports surged to $31M in 2022. In general, imports, however, continue to indicate a slight descent. Over the period under review, imports hit record highs at $57M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

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

1. China (85.9M units)

Exports of Electrical Insulators of Any Material in Pakistan

After three years of growth, shipments abroad of electrical insulators of any materials decreased by -32.3% to 1.5M units in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 129%. Over the period under review, the exports hit record highs at 2.3M units in 2021, and then fell dramatically in the following year.

In value terms, electrical insulators of any material exports shrank sharply to $142K in 2022. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at $305K in 2021, and then contracted rapidly in the following year.

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

1. United States (1020.7K units)
2. Turkey (443.8K units)
3. United Arab Emirates (79.0K units)

Source: IndexBox Market Intelligence Platform