Price for Electrical Insulators of Any Material in Qatar - 2023

Contents:

1. Price for Electrical Insulators of Any Material in Qatar (CIF) - 2022
2. Imports of Electrical Insulators of Any Material in Qatar

Price for Electrical Insulators of Any Material in Qatar (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $3.3 per unit, declining by -49.9% against the previous year. Over the period under review, the import price continues to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 251%. Over the period under review, average import prices hit record highs at $144 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($13 per unit), while the price for the United States ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+95.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Qatar

In 2022, imports of electrical insulators of any materials into Qatar skyrocketed to 506K units, with an increase of 49% against 2021 figures. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, electrical insulators of any material imports declined dramatically to $1.7M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 65%. As a result, imports reached the peak of $2.3M, and then declined sharply in the following year.

Top Suppliers of Electrical Insulators of Any Material to Qatar in 2022:

1. Italy (294.1K units)
2. United States (150.0K units)
3. India (26.2K units)
4. United Kingdom (16.1K units)
5. China (4.3K units)

Source: IndexBox Market Intelligence Platform