GCC: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in GCC

The GCC ceramic electrical insulator market skyrocketed to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Ceramic Electrical Insulator Production in GCC

In value terms, ceramic electrical insulator production expanded significantly to $X in 2023 estimated in export price. In general, production posted a slight increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Ceramic Electrical Insulator Exports

Exports in GCC

In 2023, the amount of electrical insulators of ceramics exported in GCC rose notably to X units, picking up by X% on 2022. Over the period under review, exports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, ceramic electrical insulator exports rose markedly to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. Qatar (X units) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ceramic electrical insulator exports from the United Arab Emirates stood at X%. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Qatar increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest ceramic electrical insulator supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates was relatively modest.

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Ceramic Electrical Insulator Imports

Imports in GCC

Ceramic electrical insulator imports fell rapidly to X units in 2023, dropping by X% compared with the previous year. Overall, imports saw a pronounced downturn. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, ceramic electrical insulator imports soared to $X in 2023. Over the period under review, imports recorded a drastic downturn. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Kuwait represented the major importer of electrical insulators of ceramics in GCC, with the volume of imports finishing at X units, which was near X% of total imports in 2023. The United Arab Emirates (X units) held the second position in the ranking, followed by Oman (X units). All these countries together held approx. X% share of total imports. Qatar (X units) held a relatively small share of total imports.

Imports into Kuwait decreased at an average annual rate of X% from 2012 to 2023. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Kuwait and Qatar increased by X and X percentage points, respectively.

In value terms, Kuwait ($X), Oman ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, showed a abrupt curtailment. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Oman ($X per unit) and the United Arab Emirates ($X per unit), while Qatar ($X per unit) and Kuwait ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform