Electrical Insulating Fittings Market Overview in the United Arab Emirates
In value terms, electrical insulating fittings production skyrocketed to $ in estimated in export prices. Over the period under review, production posted a significant increase. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Electrical insulating fittings production peaked at $ in 2018; however, from 2019 to , production failed to regain the momentum.
The size of the electrical insulating fittings market in the United Arab Emirates rose notably to $ in , surging 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). In general, consumption recorded a temperate expansion. The growth pace was the most rapid in 2011 when the market value increased by % year-to-year. Electrical insulating fittings consumption peaked at $ in 2016; however, from 2017 to , consumption remained at a lower figure.