United Kingdom: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in the UK

In 2023, the UK glass electrical insulator market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a perceptible curtailment. Glass electrical insulator consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Glass Electrical Insulator Production in the UK

In value terms, glass electrical insulator production dropped slightly to $X in 2023 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. Glass electrical insulator production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports from the UK

In 2023, shipments abroad of glass electrical insulators was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, glass electrical insulator exports soared to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Sweden (X units) and Italy (X units) were the main destinations of glass electrical insulator exports from the UK, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass electrical insulator exported from the UK were Hong Kong SAR ($X), France ($X) and India ($X), with a combined X% share of total exports. The United States, Italy, Sweden, Germany, Norway, the Netherlands, China, Spain and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average glass electrical insulator export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into the UK

In 2023, approx. X units of glass electrical insulators were imported into the UK; declining by X% compared with the year before. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, glass electrical insulator imports expanded significantly to $X in 2023. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of glass electrical insulator imports to the UK, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of glass electrical insulators to the UK, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

The average glass electrical insulator import price stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform