Electrical Insulating Fittings Market Overview in Viet Nam
In value terms, electrical insulating fittings production rose rapidly to $ in estimated in export prices. In general, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of % against the previous year. Electrical insulating fittings production peaked in and is likely to see steady growth in the immediate term.
The value of the electrical insulating fittings market in Viet Nam expanded remarkably to $ in , rising 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 moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of % y-o-y. Over the period under review, the market hit record highs in and is expected to retain growth in years to come.