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

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

In 2021, the East European market for electrical boards, panels, consoles, desks and cabinets decreased by -9.6% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Eastern Europe

In value terms, electric board, desk and panel production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 31% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in the near future.

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

Exports in Eastern Europe

In 2021, approx. X units of electrical boards, panels, consoles, desks and cabinets were exported in Eastern Europe; picking up by 9.9% against the previous year's figure. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when exports increased by 15%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, electric board, desk and panel exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, the Czech Republic (X units), Romania (X units), Poland (X units) and Hungary (X units) represented the main exporter of electrical boards, panels, consoles, desks and cabinets in Eastern Europe, committing 84% of total export. The following exporters - Russia (X units), Belarus (X units) and Bulgaria (X units) - each amounted to a 9.2% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +50.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electric board, desk and panel supplying countries in Eastern Europe were the Czech Republic ($X), Hungary ($X) and Poland ($X), with a combined 66% share of total exports. Romania, Bulgaria, Russia and Belarus lagged somewhat behind, together comprising a further 22%.

Belarus, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 when the export price increased by 9.5%. The level of export peaked at $X per unit in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+5.6%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2021, approx. X units of electrical boards, panels, consoles, desks and cabinets were imported in Eastern Europe; growing by 3.3% against 2020. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 16%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, electric board, desk and panel imports surged to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The purchases of the six major importers of electrical boards, panels, consoles, desks and cabinets, namely Hungary, Poland, the Czech Republic, Romania, Slovakia and Russia, represented more than two-thirds of total import. Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 60% share of total imports.

Hungary, with a CAGR of +12.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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