Electrical Insulating Fittings Market Overview in Thailand
In value terms, electrical insulating fittings production shrank to $ in estimated in export prices. Overall, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2012 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to , production failed to regain the momentum.
The value of the electrical insulating fittings market in Thailand expanded 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the market value increased by % y-o-y. Electrical insulating fittings consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.