EU: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in the EU

The EU electrical board and console market declined rapidly to $X in 2022, with a decrease of -18.4% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in the EU

In value terms, electrical board and console production contracted modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 5.1% against the previous year. The level of production peaked at $X in 2021, and then fell in the following year.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in the EU

In 2022, overseas shipments of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v decreased by -0.7% to X units for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 15%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, electrical board and console exports declined to $X in 2022. Over the period under review, exports showed a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of 16%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X units), distantly followed by Poland (X units), France (X units), Spain (X units), Italy (X units), the Czech Republic (X units) and Estonia (X units) were the major exporters of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, together generating 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +15.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electrical board and console supplier in the European Union, comprising 35% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by France, with an 11% share.

In Germany, electrical board and console exports contracted by an average annual rate of -2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+13.5% per year) and France (-7.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, falling by -7.4% against the previous year. Overall, the export price showed a pronounced downturn. The growth pace was the most rapid in 2016 when the export price increased by 4.3%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in the EU

In 2022, imports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in the European Union expanded markedly to X units, growing by 5.3% on the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +115.7% against 2012 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electrical board and console imports stood at $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.9% against 2013 indices. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of electrical board and console imports in 2022 were Germany (X units), Finland (X units), Spain (X units), France (X units), Poland (X units), Austria (X units) and Sweden (X units), together recording 65% of total import. Denmark (X units), the Czech Republic (X units), the Netherlands (X units), Belgium (X units), Italy (X units) and Hungary (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +20.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical board and console importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), together comprising 36% of total imports. The Netherlands, Belgium, Sweden, Denmark, Finland, Austria, Poland, Italy, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 49%.

Among the main importing countries, the Netherlands, with a CAGR of +15.5%, 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

In 2022, the import price in the European Union amounted to $X per unit, rising by 2% against the previous year. In general, the import price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of 4.8%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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