Updated Jan 23, 2023 17:52

Ceramic Electrical Insulator Market in the United States

Market Overview
For the third year in a row, the U.S. ceramic electrical insulator market recorded growth in sales value, which increased by % to $ in . Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market failed to regain momentum.

In value terms, ceramic electrical insulator production amounted to $ in . Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of % against the previous year. Ceramic electrical insulator production peaked at $ in 2010; however, from 2011 to , production stood at a somewhat lower figure.


Consumption
For the third year in a row, the United States recorded growth in consumption of electrical insulators of ceramics, which increased by % to units in . Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at units in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.

The size of the ceramic electrical insulator market in the United States expanded modestly to $ in , increasing 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). Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2011 to , the growth of the market failed to regain momentum.


Market Forecast
Depressed by shrinking demand for ceramic electrical insulator in the United States, 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
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
The United States remains a net importer of ceramic electrical insulator; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.