Updated Jan 23, 2023 17:06

Ceramic Electrical Insulator Market in China

Market Overview
The Chinese ceramic electrical insulator market shrank markedly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market failed to regain momentum.

In value terms, ceramic electrical insulator production reduced modestly to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Ceramic electrical insulator production peaked at $ in 2013; however, from 2014 to , production remained at a lower figure.


Consumption
In , consumption of electrical insulators of ceramics in China declined markedly to units, waning by -% against . In general, consumption showed a deep slump. As a result, consumption reached the peak volume of units, and then contracted remarkably in the following year.

The size of the ceramic electrical insulator market in China contracted remarkably to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt shrinkage. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for ceramic electrical insulator in China, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total ceramic electrical insulator consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China ceramic electrical insulator market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
China remains a net exporter of ceramic electrical insulator; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.