Southern Asia: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Southern Asia

In 2023, after four years of growth, there was significant decline in the South Asian glass electrical insulator market, when its value decreased by X% to $X. Over the period under review, consumption recorded a deep reduction. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Glass Electrical Insulator Production in Southern Asia

In value terms, glass electrical insulator production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports in Southern Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of glass electrical insulators, when their volume decreased by X% to X units. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, glass electrical insulator exports fell significantly to $X in 2023. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of glass electrical insulators, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the glass electrical insulators exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest glass electrical insulator supplier in Southern Asia.

In India, glass electrical insulator exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Glass Electrical Insulator Imports

Imports in Southern Asia

In 2023, supplies from abroad of glass electrical insulators decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted markedly in the following year.

In value terms, glass electrical insulator imports contracted notably to $X in 2023. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2023, Pakistan (X units) and Sri Lanka (X units) represented the key importers of glass electrical insulators in Southern Asia, together accounting for approx. X% of total imports. It was distantly followed by India (X units) and Bangladesh (X units), together constituting a X% share of total imports. Nepal (X units) held a relatively small 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 Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) constitutes the largest market for imported glass electrical insulators in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports. It was followed by India, with a X% share.

In Pakistan, glass electrical insulator imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform