Brazil: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Brazil

The Brazilian market for electrical boards, panels, consoles, desks and cabinets was estimated at $X in 2021, growing by 1.7% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Electric board, desk and panel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Brazil

In value terms, electric board, desk and panel production stood at $X in 2021 estimated in export price. Overall, production, however, showed a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Brazil

In 2021, shipments abroad of electrical boards, panels, consoles, desks and cabinets increased by 32% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a perceptible contraction. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric board, desk and panel exports surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X units), Argentina (X units) and Chile (X units) were the main destinations of electric board, desk and panel exports from Brazil, together accounting for 52% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +9.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from Brazil, comprising 35% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by Paraguay, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.9% per year) and Paraguay (+3.5% per year).

Export Prices by Country

The average export price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, rising by 39% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Brazil

In 2021, purchases abroad of electrical boards, panels, consoles, desks and cabinets increased by 23% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric board, desk and panel imports soared to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Spain (X units) were the main suppliers of electric board, desk and panel imports to Brazil, together accounting for 79% of total imports. Malaysia, Italy, Japan, Belgium, France, the United States, Argentina, the Czech Republic and Uruguay lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +90.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Spain ($X) appeared to be the largest electric board, desk and panel suppliers to Brazil, together comprising 58% of total imports. The United States, Japan, Malaysia, Italy, France, Belgium, Argentina, the Czech Republic and Uruguay lagged somewhat behind, together accounting for a further 28%.

Malaysia, with a CAGR of +66.1%, recorded the highest rates of growth with regard to 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 import price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, rising by 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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