Price for Electrical Insulators of Any Material in Spain - 2023
Contents:
- Price for Electrical Insulators of Any Material in Spain (CIF) - 2023
- Price for Electrical Insulators of Any Material in Spain (FOB) - 2022
- Imports of Electrical Insulators of Any Material in Spain
- Exports of Electrical Insulators of Any Material in Spain
Price for Electrical Insulators of Any Material in Spain (CIF) - 2023
In October 2023, the average import price for electrical insulators of any materials amounted to $564 per thousand units, waning by -15.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 37% against the previous month. As a result, import price attained the peak level of $0.7 per unit. From December 2022 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($758 per thousand units), while the price for India ($203 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 Italy (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Insulators of Any Material in Spain (FOB) - 2022
In 2022, the average export price for electrical insulators of any materials amounted to $0.3 per unit, rising by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. Over the period under review, the average export prices hit record highs at $0.4 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($0.9 per unit), while the average price for exports to Algeria ($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 Morocco (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electrical Insulators of Any Material in Spain
In 2022, approx. 84M units of electrical insulators of any materials were imported into Spain; with an increase of 17% on the year before. The total import volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electrical insulators of any material imports reached $49M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Insulators of Any Material in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 9.3 | 14.2 | 16.6 | 26.0% |
| Italy | 7.4 | 7.1 | 8.6 | 7.5 | 0.4% |
| Germany | 3.0 | 6.4 | 5.1 | 6.3 | 28.1% |
| Portugal | 2.5 | 1.9 | 3.8 | 3.5 | 11.9% |
| Turkey | 1.3 | 2.2 | 2.6 | 2.8 | 29.1% |
| India | 0.7 | 0.6 | 0.5 | 1.6 | 31.7% |
| Ukraine | 0.4 | 0.4 | 0.1 | 0.3 | -9.1% |
| Others | 12.4 | 10.7 | 11.9 | 10.5 | -5.4% |
| Total | 36.1 | 38.6 | 46.9 | 49.1 | 10.8% |
Top Suppliers of Electrical Insulators of Any Material to Spain in 2022:
- China (32.5M units)
- Italy (20.3M units)
- Portugal (8.8M units)
- India (7.2M units)
- Germany (6.3M units)
- Turkey (4.6M units)
- Ukraine (1.4M units)
Exports of Electrical Insulators of Any Material in Spain
In 2022, shipments abroad of electrical insulators of any materials decreased by -28.1% to 126M units, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports attained the peak of 192M units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, electrical insulators of any material exports reduced to $39M in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 6.6%. As a result, the exports attained the peak of $49M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Electrical Insulators of Any Material in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.7 | 6.3 | 3.8 | 7.7 | 4.7% |
| United States | 2.6 | 4.0 | 4.1 | 5.4 | 27.6% |
| France | 4.4 | 4.7 | 3.9 | 4.6 | 1.5% |
| Portugal | 3.5 | 2.7 | 3.1 | 3.1 | -4.0% |
| Morocco | 3.1 | 3.1 | 4.7 | 2.5 | -6.9% |
| Singapore | N/A | N/A | N/A | 1.3 | 0% |
| Turkey | 0.8 | N/A | 0.2 | 1.0 | 7.7% |
| Indonesia | 2.9 | 1.9 | 1.8 | 0.8 | -34.9% |
| Vietnam | 1.6 | 6.7 | 0.1 | 0.8 | -20.6% |
| Chile | 0.5 | 0.7 | 0.8 | 0.8 | 17.0% |
| Mexico | 1.2 | 0.8 | 1.3 | 0.4 | -30.7% |
| Sri Lanka | 0.6 | N/A | 0.9 | 0.4 | -12.6% |
| Algeria | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Others | 17.2 | 17.3 | 20.7 | 9.8 | -17.1% |
| Total | 45.6 | 48.6 | 45.8 | 39.0 | -5.1% |
Top Export Markets for Electrical Insulators of Any Material from Spain in 2022:
- Italy (21.0M units)
- United States (15.2M units)
- France (11.3M units)
- Portugal (10.4M units)
- Singapore (7.8M units)
- Chile (7.0M units)
- Turkey (6.2M units)
- Indonesia (5.7M units)
- Vietnam (5.5M units)
- Mexico (2.8M units)
- Algeria (2.7M units)
- Morocco (2.7M units)
- Sri Lanka (2.4M units)
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