ASEAN: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in ASEAN

The ASEAN ceramic electrical insulator market dropped to $X in 2023, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Ceramic Electrical Insulator Production in ASEAN

In value terms, ceramic electrical insulator production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Ceramic Electrical Insulator Exports

Exports in ASEAN

In 2023, shipments abroad of electrical insulators of ceramics decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then contracted notably in the following year.

In value terms, ceramic electrical insulator exports shrank remarkably to $X in 2023. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam was the largest exporter of electrical insulators of ceramics in ASEAN, with the volume of exports finishing at X units, which was approx. X% of total exports in 2023. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). Singapore (X units) took a minor share of total exports.

Vietnam was also the fastest-growing in terms of the electrical insulators of ceramics exports, with a CAGR of X% from 2012 to 2023. Malaysia (X%), Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Malaysia (X p.p.), Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest ceramic electrical insulator supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Ceramic Electrical Insulator Imports

Imports in ASEAN

In 2023, the amount of electrical insulators of ceramics imported in ASEAN reduced to X units, approximately reflecting the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, ceramic electrical insulator imports shrank modestly to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The Philippines represented the key importing country with an import of about X units, which reached X% of total imports. Thailand (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), Singapore (X%), Malaysia (X%), Myanmar (X%) and Vietnam (X%).

From 2012 to 2023, average annual rates of growth with regard to ceramic electrical insulator imports into the Philippines stood at X%. At the same time, Myanmar (X%), Vietnam (X%), Singapore (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines, Myanmar, Vietnam, Singapore, Thailand and Malaysia increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported electrical insulators of ceramics in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Philippines totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, almost unchanged from the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform