Ceramic Insulating Fittings Market

The global market for ceramic insulating fittings for electrical purposes is expected to see steady growth over the next eight years, with market volume projected to reach 18B units and market value to reach $4.8B by 2030. Consumption, production, imports, and exports trends are analyzed, with China leading in both consumption and production, while China and Germany are major exporters. Import and export prices have shown fluctuations over the years, with China having the highest export price in 2022.

Market Forecast

Driven by increasing demand for insulating fittings for electrical purposes of ceramics worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 18B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $4.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Insulating Fittings For Electrical Purposes Of Ceramics

After six years of growth, consumption of insulating fittings for electrical purposes of ceramics decreased by -1.7% to 16B units in 2022. The total consumption volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 16B units in 2021, and then fell slightly in the following year.

The global ceramic insulating fittings market size was estimated at $3.6B in 2022, surging by 1.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to continue growth in the immediate term.

Consumption By Country

The country with the largest volume of ceramic insulating fittings consumption was China (3.5B units), comprising approx. 22% of total volume. Moreover, ceramic insulating fittings consumption in China exceeded the figures recorded by the second-largest consumer, the United States (1.6B units), twofold. India (1.5B units) ranked third in terms of total consumption with a 9.7% share.

In China, ceramic insulating fittings consumption expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-1.4% per year) and India (+5.9% per year).

In value terms, the largest ceramic insulating fittings markets worldwide were the United States ($460M), China ($455M) and Japan ($263M), with a combined 33% share of the global market. Germany, Turkey, India, Spain, Egypt, Italy, Saudi Arabia, Mexico, Nigeria and Poland lagged somewhat behind, together comprising a further 20%.

Nigeria, with a CAGR of +31.1%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of ceramic insulating fittings per capita consumption in 2022 were Saudi Arabia (9.3 units per person), Mexico (8.1 units per person) and Poland (8 units per person).

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +27.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Insulating Fittings For Electrical Purposes Of Ceramics

In 2022, after five years of growth, there was decline in production of insulating fittings for electrical purposes of ceramics, when its volume decreased by less than 0.1% to 14B units. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.2% against the previous year. Over the period under review, global production attained the peak volume at 14B units in 2021, and then dropped modestly in the following year.

In value terms, ceramic insulating fittings production totaled $3.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 12% against the previous year. Over the period under review, global production reached the peak level in 2022 and is likely to continue growth in the immediate term.

Production By Country

The country with the largest volume of ceramic insulating fittings production was China (4.3B units), accounting for 31% of total volume. Moreover, ceramic insulating fittings production in China exceeded the figures recorded by the second-largest producer, India (1.5B units), threefold. The United States (1.4B units) ranked third in terms of total production with a 10% share.

In China, ceramic insulating fittings production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+6.3% per year) and the United States (-3.6% per year).

Imports

World Imports of Insulating Fittings For Electrical Purposes Of Ceramics

In 2022, purchases abroad of insulating fittings for electrical purposes of ceramics decreased by -5.5% to 4.8B units for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of 5.1B units, and then reduced in the following year.

In value terms, ceramic insulating fittings imports totaled $643M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.

Imports By Country

Mexico (1.2B units) and Nigeria (1.2B units) represented roughly 51% of total imports in 2022. It was distantly followed by the United States (390M units), committing an 8.1% share of total imports. The following importers - Germany (183M units), China (150M units), Italy (126M units), Turkey (126M units), Spain (109M units), Japan (93M units), Hungary (89M units), Egypt (75M units) and Malaysia (72M units) - together made up 21% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria (with a CAGR of +31.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($111M), the United States ($77M) and Germany ($44M) constituted the countries with the highest levels of imports in 2022, together comprising 36% of global imports. Mexico, Nigeria, Japan, Italy, Malaysia, Hungary, Spain, Turkey and Egypt lagged somewhat behind, together accounting for a further 28%.

Nigeria, with a CAGR of +31.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average ceramic insulating fittings import price stood at $0.1 per unit in 2022, with an increase of 7% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 8.6%. Global import price peaked at $0.2 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($0.7 per unit), while Nigeria (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Insulating Fittings For Electrical Purposes Of Ceramics

In 2022, the amount of insulating fittings for electrical purposes of ceramics exported worldwide declined slightly to 2.7B units, approximately equating 2021 figures. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 61% against the previous year. As a result, the exports attained the peak of 5B units. From 2016 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, ceramic insulating fittings exports rose markedly to $764M in 2022. The total export value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 24% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports By Country

China represented the major exporter of insulating fittings for electrical purposes of ceramics in the world, with the volume of exports accounting for 948M units, which was near 35% of total exports in 2022. Germany (291M units) held the second position in the ranking, followed by Slovenia (281M units), Poland (173M units), the United States (157M units), Mexico (157M units) and Vietnam (128M units). All these countries together held approx. 43% share of total exports. The following exporters - the Czech Republic (99M units), South Korea (96M units), Japan (93M units), Portugal (73M units) and Italy (72M units) - together made up 16% of total exports.

From 2012 to 2022, average annual rates of growth with regard to ceramic insulating fittings exports from China stood at -7.1%. At the same time, Portugal (+9.3%), Italy (+2.3%), Slovenia (+1.9%) and Vietnam (+1.9%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.3% from 2012-2022. By contrast, Poland (-1.1%), South Korea (-1.4%), Japan (-3.0%), the Czech Republic (-4.3%), Germany (-5.5%), the United States (-7.6%) and Mexico (-8.5%) illustrated a downward trend over the same period. Slovenia (+5 p.p.), Vietnam (+2.3 p.p.), Portugal (+2 p.p.) and Poland (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Mexico and China saw its share reduced by -2%, -2.8% and -9.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($244M) remains the largest ceramic insulating fittings supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by Germany ($111M), with a 15% share of global exports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +12.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.0% per year) and Japan (+2.0% per year).

Export Prices By Country

The average ceramic insulating fittings export price stood at $0.3 per unit in 2022, with an increase of 11% against the previous year. In general, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 51%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($1.2 per unit), while Slovenia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform