South-Eastern Asia: Insulating Fittings Market 2024

Insulating Fittings Market Size in South-Eastern Asia

In 2022, after three years of decline, there was significant growth in the Southeast Asian insulating fittings market, when its value increased by X% to $X. In general, consumption saw mild growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Insulating Fittings Production in South-Eastern Asia

In value terms, insulating fittings production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Insulating Fittings Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of insulating fittings for electrical purposes were exported in South-Eastern Asia; increasing by X% compared with 2021 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, insulating fittings exports totaled $X in 2022. Over the period under review, exports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Thailand (X tons), together finishing at X% of total export.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of insulating fittings for electrical purposes. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest insulating fittings supplier in South-Eastern Asia.

In Thailand, insulating fittings exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

Insulating Fittings Imports

Imports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in supplies from abroad of insulating fittings for electrical purposes, when their volume increased by X% to X tons. In general, imports, however, showed a mild descent. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, insulating fittings imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Philippines represented the main importing country with an import of about X tons, which recorded X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), Thailand (X%) and Singapore (X%). The following importers - Cambodia (X tons) and Myanmar (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to insulating fittings imports into the Philippines stood at X%. At the same time, Myanmar (X%), Thailand (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Cambodia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Malaysia, Singapore and Myanmar increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Thailand, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :