Africa: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Africa

The African glass electrical insulator market stood at $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a pronounced shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Glass Electrical Insulator Production in Africa

In value terms, glass electrical insulator production contracted to $X in 2023 estimated in export price. Overall, production, however, showed a perceptible expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Glass Electrical Insulator Exports

Exports in Africa

Glass electrical insulator exports contracted notably to X units in 2023, waning by X% against 2022 figures. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, glass electrical insulator exports reduced notably to $X in 2023. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined sharply in the following year.

Exports by Country

Tunisia prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. Morocco (X units) held the second position in the ranking, followed by South Africa (X units) and Botswana (X units). All these countries together held near X% share of total exports. Namibia (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to glass electrical insulator exports from Tunisia stood at X%. At the same time, Morocco (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) and Botswana (X%) illustrated a downward trend over the same period. Tunisia (X p.p.), Morocco (X p.p.), Botswana (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Tunisia ($X) remains the largest glass electrical insulator supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In Tunisia, glass electrical insulator exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Morocco ($X per unit) was amongst the lowest.

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

Glass Electrical Insulator Imports

Imports in Africa

In 2023, the amount of glass electrical insulators imported in Africa soared to X units, growing by X% on 2022 figures. Overall, imports, however, recorded a mild reduction. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked at X units in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, glass electrical insulator imports rose markedly to $X in 2023. In general, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Algeria (X units), Tanzania (X units), Egypt (X units) and Tunisia (X units) represented the main importer of glass electrical insulators in Africa, achieving X% of total import. Libya (X units) ranks next in terms of the total imports with a X% share, followed by Nigeria (X%). Mozambique (X units), Angola (X units), Ethiopia (X units), South Africa (X units), Cote d'Ivoire (X units) and Cameroon (X units) took a minor share of total imports.

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

In value terms, the largest glass electrical insulator importing markets in Africa were Egypt ($X), Algeria ($X) and Tanzania ($X), with a combined X% share of total imports. Nigeria, Tunisia, Libya, Mozambique, Cote d'Ivoire, Angola, South Africa, Ethiopia and Cameroon lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Mozambique, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price saw a slight decline. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a 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 Mozambique ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform