Czech Republic: Circuit Breaker Market 2024

Circuit Breaker Market Size in the Czech Republic

For the third year in a row, the Czech circuit breaker market recorded decline in sales value, which decreased by -4.7% to $X in 2022. Over the period under review, consumption, however, enjoyed a slight increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Circuit Breaker Production in the Czech Republic

In value terms, circuit breaker production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 164%. Circuit breaker production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Circuit Breaker Exports

Exports from the Czech Republic

In 2022, approx. X units of automatic circuit breakers were exported from the Czech Republic; increasing by 47% on 2021 figures. Overall, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker exports skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 59%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for circuit breaker exports from the Czech Republic, with a 26% share of total exports. Moreover, circuit breaker exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Poland (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.0% per year) and Poland (+27.6% per year).

In value terms, Germany ($X) remains the key foreign market for automatic circuit breakers exports from the Czech Republic, comprising 29% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.2% share of total exports. It was followed by the United States, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.1% per year) and the United States (+16.4% per year).

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, with a decrease of -8.6% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, circuit breaker export price decreased by -9.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($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 the United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into the Czech Republic

In 2022, approx. X units of automatic circuit breakers were imported into the Czech Republic; growing by 13% compared with the previous year. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 62%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, circuit breaker imports rose markedly to $X in 2022. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Serbia (X units), Germany (X units) and Romania (X units) were the main suppliers of circuit breaker imports to the Czech Republic, with a combined 74% share of total imports. China, Turkey, Italy and France lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +75.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Serbia ($X) were the largest circuit breaker suppliers to the Czech Republic, with a combined 68% share of total imports. China, Italy, France and Turkey lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Turkey, with a CAGR of +65.4%, saw the highest rates of growth with regard to the value of imports, 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, reducing by -5.2% against the previous year. Over the period under review, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of 16%. The import price peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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