Australia: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Australia

In 2021, the Australian electrical circuit apparatus market increased by 8.9% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a mild decline. Electrical circuit apparatus consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Australia

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. Overall, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of electrical circuit apparatus exports from Australia, with a combined 42% share of total exports. Brazil, Chile, China, Colombia, India, Singapore, Hong Kong SAR, Indonesia, Papua New Guinea, Malaysia and South Africa lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +39.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical circuit apparatus exported from Australia were New Zealand ($X), the United States ($X) and India ($X), together comprising 45% of total exports. These countries were followed by China, Singapore, Brazil, Mexico, Chile, Hong Kong SAR, Papua New Guinea, Indonesia, Malaysia, Colombia and South Africa, which together accounted for a further 31%.

In terms of the main countries of destination, Chile, with a CAGR of +33.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per ton in 2021, with an increase of 3.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Australia

In 2021, overseas purchases of electrical apparatus for circuit connection, switching and protection increased by 13% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a pronounced downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of electrical circuit apparatus to Australia, with a 49% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.2% per year) and Germany (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of electrical circuit apparatus to Australia, comprising 34% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and Germany (-1.6% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per ton in 2021, rising by 6% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical circuit apparatus import price increased by +53.6% against 2014 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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