Austria: Circuit Breaker Market 2024

Circuit Breaker Market Size in Austria

The Austrian circuit breaker market soared to $X in 2022, picking up by 17% against the previous year. In general, consumption saw a resilient increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Circuit Breaker Production in Austria

In value terms, circuit breaker production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 189% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Circuit Breaker Exports

Exports from Austria

After two years of growth, overseas shipments of automatic circuit breakers decreased by -58.9% to X units in 2022. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 102%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, circuit breaker exports dropped dramatically to $X in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the Czech Republic (X units) and Serbia (X units) were the main destinations of circuit breaker exports from Austria, together accounting for 38% of total exports. Poland, Hungary, Bosnia and Herzegovina, Romania, Slovakia, Slovenia, Belgium, Croatia, the UK and the Netherlands lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +12.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for circuit breaker exported from Austria were the Czech Republic ($X), Germany ($X) and Hungary ($X), with a combined 38% share of total exports. Poland, Slovakia, Belgium, Romania, Bosnia and Herzegovina, the UK, Croatia, Slovenia, Serbia and the Netherlands lagged somewhat behind, together comprising a further 40%.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +22.4%, recorded the highest rates of growth with regard to 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

In 2022, the average circuit breaker export price amounted to $X per unit, jumping by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 an increase of 33%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Serbia ($X 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 Slovakia (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Austria

In 2022, supplies from abroad of automatic circuit breakers decreased by -22.1% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, circuit breaker imports plummeted to $X in 2022. In general, imports saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X units), Germany (X units) and Hungary (X units) were the main suppliers of circuit breaker imports to Austria, together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +30.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Hungary ($X) constituted the largest circuit breaker suppliers to Austria, with a combined 88% share of total imports.

Hungary, with a CAGR of +26.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, which is down by -3.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 33% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :