Price for Electrical Insulators of Any Material in Serbia - 2023

Price for Electrical Insulators of Any Material in Serbia (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $0.4 per unit, rising by 2.5% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 112% against the previous year. Over the period under review, average import prices reached the peak figure at $0.9 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2.1 per unit), while the price for Ukraine ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Serbia (FOB) - 2022

The average export price for electrical insulators of any materials stood at $0.8 per unit in 2022, rising by 11% against the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 122%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2.3 per unit), while the average price for exports to the UK ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Serbia

Electrical insulators of any material imports into Serbia soared to 9.2M units in 2022, with an increase of 46% against 2021 figures. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical insulators of any material imports soared to $3.6M in 2022. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Electrical Insulators of Any Material in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	387	372	140	742	24.2%
Russia	14.2	68.1	283	487	224.9%
Spain	97.3	59.0	451	444	65.9%
Germany	357	50.9	85.1	408	4.6%
Bulgaria	322	85.4	149	401	7.6%
Slovenia	106	40.8	513	245	32.2%
Italy	563	109	122	173	-32.5%
Ukraine	21.6	68.8	53.2	117	75.6%
Turkey	71.5	71.6	45.9	78.3	3.1%
Romania	82.9	101	20.4	50.5	-15.2%
Poland	106	45.2	194	35.3	-30.7%
Others	524	348	371	452	-4.8%
Total	2,651	1,420	2,428	3,632	11.1%

Top Suppliers of Electrical Insulators of Any Material to Serbia in 2022:

Russia (2698.8K units)
China (2128.7K units)
Spain (2010.2K units)
Ukraine (727.5K units)
Bulgaria (544.6K units)
Slovenia (200.2K units)
Germany (192.8K units)
Turkey (178.8K units)
Romania (156.4K units)
Italy (76.8K units)
Poland (57.6K units)

Exports of Electrical Insulators of Any Material in Serbia

After two years of decline, overseas shipments of electrical insulators of any materials increased by 70% to 1.6M units in 2022. Over the period under review, exports, however, continue to indicate a noticeable descent. The exports peaked at 1.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electrical insulators of any material exports skyrocketed to $1.2M in 2022. Overall, exports, however, showed a perceptible decline. The exports peaked at $1.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Electrical Insulators of Any Material in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Montenegro	173	257	167	607	52.0%
Bosnia and Herzegovina	273	233	208	200	-9.9%
North Macedonia	27.0	10.0	16.0	127	67.6%
Austria	611	237	70.5	86.9	-47.8%
Greece	N/A	N/A	0.3	46.6	15433.3%
United Kingdom	N/A	N/A	0.2	11.8	5800.0%
Slovenia	33.3	23.5	9.6	8.4	-36.8%
Croatia	124	113	128	2.1	-74.3%
Others	61.6	56.3	43.5	120	24.9%
Total	1,303	930	643	1,210	-2.4%