China: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2025

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

In 2021, the Chinese market for electrical boards, panels, consoles, desks and cabinets decreased by -3.6% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Electric board, desk and panel consumption peaked at $X in 2020, and then reduced slightly in the following year.

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

In value terms, electric board, desk and panel production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 44%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

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

Exports from China

In 2021, the amount of electrical boards, panels, consoles, desks and cabinets exported from China soared to X units, rising by 28% compared with 2020 figures. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern 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, electric board, desk and panel exports surged to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern 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.

Exports by Country

The United Arab Emirates (X units), the United States (X units) and Chile (X units) were the main destinations of electric board, desk and panel exports from China, with a combined 27% share of total exports. Mexico, Japan, Australia, Hong Kong SAR, Singapore, Saudi Arabia, Canada, the Philippines, Malaysia and Thailand lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +21.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric board, desk and panel exported from China were the United States ($X), Japan ($X) and the United Arab Emirates ($X), together comprising 28% of total exports. These countries were followed by Australia, Hong Kong SAR, Mexico, Singapore, Chile, the Philippines, Thailand, Canada, Malaysia and Saudi Arabia, which together accounted for a further 28%.

In terms of the main countries of destination, Thailand, with a CAGR of +23.5%, recorded 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 export price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, with an increase of 4.9% against the previous year. Overall, the export price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2016 an increase of 18%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Saudi Arabia ($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 Chile (+5.3%), 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 China

Electric board, desk and panel imports into China shrank to X units in 2021, falling by -14.2% on the previous year's figure. In general, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 31%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, electric board, desk and panel imports expanded sharply to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), the United States (X units) and Japan (X units) were the main suppliers of electric board, desk and panel imports to China, together accounting for 57% of total imports. These countries were followed by the United Arab Emirates, South Korea, Italy, the Czech Republic, Taiwan (Chinese) and Denmark, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric board, desk and panel suppliers to China were Japan ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising 65% of total imports. The United States, South Korea, Italy, the United Arab Emirates, the Czech Republic and Denmark lagged somewhat behind, together comprising a further 24%.

The Czech Republic, with a CAGR of +31.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, with an increase of 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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