Report Update: May 1, 2024

Iran - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Electrical Insulating Fittings Price in Iran - 2022

Electrical Insulating Fittings Price in Iran (CIF) - 2022

The average electrical insulating fittings import price stood at $10,900 per ton in 2022, with a decrease of -8.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $11,967 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($28,553 per ton), while the price for Turkey ($3,218 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in Iran (FOB) - 2022

The average electrical insulating fittings export price stood at $9,466 per ton in 2022, shrinking by -28.2% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2016 an increase of 143% against the previous year. The export price peaked at $26,857 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($10,169 per ton) and Estonia ($9,370 per ton), while the average price for exports to the United Arab Emirates ($8,026 per ton) and Thailand ($9,220 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports in Iran

In 2022, approx. 251 tons of electrical insulating fittings of plastics were imported into Iran; surging by 12% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. As a result, imports reached the peak of 266 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical insulating fittings imports expanded modestly to $2.7M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Electrical Insulating Fittings in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	286	534	1,133	1,046	54.1%
China	533	911	793	551	1.1%
Turkey	423	345	72.5	439	1.2%
Czech Republic	357	125	11.3	135	-27.7%
South Korea	65.4	116	68.2	114	20.3%
Malaysia	55.9	145	139	108	24.5%
Italy	183	272	92.4	21.5	-51.0%
Others	284	347	360	316	3.6%
Total	2,187	2,794	2,668	2,731	7.7%

Top Suppliers of Electrical Insulating Fittings to Iran in 2022:

Turkey (136.5 tons)
China (54.8 tons)
United Arab Emirates (36.6 tons)
Malaysia (6.3 tons)
South Korea (4.2 tons)
Czech Republic (2.8 tons)
Italy (1.1 tons)

Electrical Insulating Fittings Exports in Iran

For the fourth year in a row, Iran recorded growth in shipments abroad of electrical insulating fittings of plastics, which increased by 43% to 1.6 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 252%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, electrical insulating fittings exports expanded slightly to $15K in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 134% against the previous year. As a result, the exports reached the peak of $16K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Electrical Insulating Fittings in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iraq	4.5	11.1	11.8	11.9	38.3%
United Arab Emirates	0.5	1.6	1.4	1.2	33.9%
South Korea	0.4	1.2	0.9	0.7	20.5%
Estonia	0.1	0.4	0.5	0.5	71.0%
Thailand	0.1	0.6	N/A	0.5	71.0%
Turkey	N/A	0.6	N/A	N/A	0%
Others	1.2	0.4	0.4	0.5	-25.3%
Total	6.7	15.8	14.9	15.3	31.7%

Top Export Markets for Electrical Insulating Fittings from Iran in 2022:

Iraq (1271.0 kg)
United Arab Emirates (152.0 kg)
South Korea (65.0 kg)
Thailand (59.0 kg)
Estonia (54.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulating fittings market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023