Eastern Asia: Circuit Breaker Market 2025

Circuit Breaker Market Size in Eastern Asia

In 2022, the East Asian circuit breaker market decreased by -11.5% to $X, falling for the second year in a row after six years of growth. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.2% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Circuit Breaker Production in Eastern Asia

In value terms, circuit breaker production expanded slightly to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 20%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Circuit Breaker Exports

Exports in Eastern Asia

In 2022, overseas shipments of automatic circuit breakers increased by 47% to X units, rising for the third consecutive year after two years of decline. In general, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, finishing at X units, which was near 90% of total exports in 2022. The following exporters - South Korea (X units) and Japan (X units) - each accounted for an 8.3% share of total exports.

China was also the fastest-growing in terms of the automatic circuit breakers exports, with a CAGR of +10.8% from 2012 to 2022. At the same time, Japan (+1.7%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. China (+13 p.p.) significantly strengthened its position in terms of the total exports, while Japan and South Korea saw its share reduced by -4% and -5.5% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest circuit breaker supplier in Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports.

In China, circuit breaker exports increased at an average annual rate of +6.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.1% per year) and South Korea (-1.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, shrinking by -28.2% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.7%), while the other leaders experienced a decline in the export price figures.

Circuit Breaker Imports

Imports in Eastern Asia

In 2022, supplies from abroad of automatic circuit breakers increased by 27% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern 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.

In value terms, circuit breaker imports expanded to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) and Japan (X units) represented the key importers of automatic circuit breakers in Eastern Asia, together committing 71% of total imports. It was distantly followed by South Korea (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units), together comprising a 29% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 82% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 18%.

Taiwan (Chinese), with a CAGR of +3.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, shrinking by -18.2% against the previous year. Overall, the import price showed a noticeable reduction. The pace of growth was the most pronounced in 2016 an increase of 9.7%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Hong Kong SAR ($X per unit) and South Korea ($X per unit), while China ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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