Price for Electrical Insulators of Any Material in Belarus - 2022

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

In 2022, the average import price for electrical insulators of any materials amounted to $0.3 per unit, dropping by -3.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 60%. As a result, import price reached the peak level of $0.5 per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($0.6 per unit), while the price for Russia ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Belarus (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $0.6 per unit, picking up by 39% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices reached the maximum at $0.7 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($0.8 per unit), while the average price for exports to Russia stood at $0.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-0.9%).

Imports of Electrical Insulators of Any Material in Belarus

In 2022, the amount of electrical insulators of any materials imported into Belarus reduced to 21M units, shrinking by -10.1% on 2021 figures. In general, imports recorded a drastic downturn. The smallest decline of -1.4% was in 2020. Over the period under review, imports reached the maximum at 24M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical insulators of any material imports contracted to $5.7M in 2022. Over the period under review, imports faced a deep setback. The smallest decline of -9.9% was in 2021. Imports peaked at $8.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Electrical Insulators of Any Material in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	5.8	3.7	3.8	3.3	-17.1%
China	0.8	1.7	1.3	1.0	7.7%
Ukraine	0.5	0.7	0.5	0.4	-7.2%
Others	1.6	1.1	1.0	1.0	-14.5%
Total	8.7	7.2	6.5	5.7	-13.1%

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

Russia (17.1M units)
Ukraine (1.7M units)
China (1.5M units)

Exports of Electrical Insulators of Any Material in Belarus

In 2022, approx. 3.3M units of electrical insulators of any materials were exported from Belarus; rising by 320% against 2021 figures. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material exports soared to $2M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.