Price for Electrical Insulators of Any Material in Romania - 2023

Contents:

1. Price for Electrical Insulators of Any Material in Romania (FOB) - 2022
2. Price for Electrical Insulators of Any Material in Romania (CIF) - 2023
3. Exports of Electrical Insulators of Any Material in Romania
4. Imports of Electrical Insulators of Any Material in Romania

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

In 2022, the average export price for electrical insulators of any materials amounted to $0.5 per unit, rising by 14% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulators of any material export price increased by +75.9% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($0.8 per unit), while the average price for exports to Germany ($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 Brazil (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for electrical insulators of any materials stood at $593 per thousand units in October 2023, waning by -19% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 45% against the previous month. The import price peaked at $989 per thousand units in January 2023; however, from February 2023 to October 2023, 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 October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +35.8% per month.

Exports of Electrical Insulators of Any Material in Romania

In 2022, overseas shipments of electrical insulators of any materials were finally on the rise to reach 59M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports reached the maximum at 73M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electrical insulators of any material exports soared to $31M in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (14.9M units)
2. Italy (13.0M units)
3. Germany (10.7M units)
4. Czech Republic (7.9M units)
5. Austria (1.9M units)
6. Turkey (1.8M units)
7. Brazil (1.4M units)
8. Bulgaria (1.3M units)
9. Poland (1.1M units)
10. Slovakia (0.7M units)

Imports of Electrical Insulators of Any Material in Romania

In 2022, imports of electrical insulators of any materials into Romania stood at 25M units, surging by 1.5% against 2021 figures. Overall, imports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, imports reached the maximum at 27M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical insulators of any material imports dropped to $20M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of $22M, and then declined in the following year.

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

1. Hungary (10.3M units)
2. Poland (2.9M units)
3. Italy (2.8M units)
4. Germany (2.8M units)
5. Spain (2.0M units)
6. China (1.6M units)
7. Ukraine (0.5M units)
8. Portugal (0.4M units)

Source: IndexBox Market Intelligence Platform