Turkey - Automatic Circuit Breakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey Sets New Benchmark With $417M in Circuit Breaker Imports for 2024
Turkey Circuit Breaker Imports
After four years of growth, overseas purchases of automatic circuit breakers decreased by -8.1% to 17M units in 2024. Overall, total imports indicated a moderate expansion from 2014 to 2024: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +77.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked at 19M units in 2023, and then shrank in the following year.
In value terms, circuit breaker imports reduced slightly to $409M (IndexBox estimates) in 2024. Over the period under review, total imports indicated measured growth from 2014 to 2024: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +108.6% against 2019 indices. The growth pace was the most rapid in 2023 when imports increased by 34%. As a result, imports reached the peak of $417M, and then declined modestly in the following year.
| COUNTRY | Import Value of Circuit Breaker in Turkey (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 35.4 | 39.6 | 31.3 | 36.2 | 38.2 | 21.2 | 34.0 | 62.7 | 75.5 | 113 |
| Italy | 50.9 | 45.0 | 40.2 | 44.5 | 34.9 | 31.8 | 50.4 | 60.9 | 74.7 | 76.6 |
| Germany | 81.3 | 81.8 | 61.6 | 59.5 | 69.3 | 49.4 | 48.9 | 47.6 | 53.5 | 69.5 |
| Czech Republic | 15.0 | 13.1 | 12.6 | 21.4 | 23.0 | 17.5 | 20.7 | 28.8 | 31.0 | 47.1 |
| India | 9.9 | 9.7 | 9.0 | 13.6 | 12.2 | 8.3 | 13.0 | 13.1 | 18.6 | 26.0 |
| France | 30.4 | 35.2 | 25.2 | 28.5 | 22.5 | 18.5 | 19.3 | 11.0 | 14.5 | 18.0 |
| Romania | 5.4 | 7.2 | 7.0 | 12.5 | 11.6 | 5.1 | 6.1 | 6.2 | 6.6 | 9.0 |
| Others | 47.1 | 49.1 | 38.7 | 41.3 | 40.4 | 44.4 | 39.4 | 31.4 | 36.9 | 58.6 |
| Total | 275 | 281 | 226 | 257 | 252 | 196 | 232 | 262 | 311 | 417 |
Imports by Country
In 2023, China (9.2M units) constituted the largest supplier of circuit breaker to Turkey, with a 49% share of total imports. Moreover, circuit breaker imports from China exceeded the figures recorded by the second-largest supplier, Italy (2.2M units), fourfold. Germany (1.6M units) ranked third in terms of total imports with an 8.7% share.
From 2014 to 2023, the average annual rate of growth in terms of volume from China stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.1% per year) and Germany (-4.1% per year).
In value terms, China ($113M), Italy ($77M) and Germany ($69M) were the largest circuit breaker suppliers to Turkey, with a combined 62% share of total imports.
Among the main suppliers, China, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In 2024, automatic circuit breakers for under 1000 v (13M units) constituted the largest type of automatic circuit breakers supplied to Turkey, with a 77% share of total imports. Moreover, automatic circuit breakers for under 1000 v exceeded the figures recorded for the second-largest type, electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (2.4M units), sixfold.
From 2014 to 2024, the average annual rate of growth in terms of the volume of automatic circuit breakers for under 1000 v imports stood at +5.4%. With regard to the other supplied products, the following average annual rates of growth were recorded: electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (+4.3% per year) and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (-1.3% per year).
In value terms, automatic circuit breakers for under 1000 v ($311M) constituted the largest type of automatic circuit breakers supplied to Turkey, comprising 76% of total imports. The second position in the ranking was held by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($79M), with a 19% share of total imports.
Import Prices by Country
In 2023, the circuit breaker price amounted to $22 per unit (CIF, Turkey), increasing by 7.3% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2020 an increase of 7.4%. The import price peaked at $24 per unit in 2014; however, from 2015 to 2023, 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 ($43 per unit), while the price for Sweden ($12 per unit) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the circuit breaker market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27121020 - Automatic circuit breakers
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
- Prodcom 27122250 - Automatic circuit breakers for a voltage . 1 kV and for a current > .63 A
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
