EU: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

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

The EU market for electrical boards, panels, consoles, desks and cabinets dropped sharply to $X in 2021, waning by -40.3% against the previous year. Over the period under review, consumption recorded a mild decline. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in the EU

In value terms, electric board, desk and panel production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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

Exports in the EU

In 2021, approx. X units of electrical boards, panels, consoles, desks and cabinets were exported in the European Union; surging by 8.3% against 2020. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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 expanded markedly to $X in 2021. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; 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 shipments of the eleven major exporters of electrical boards, panels, consoles, desks and cabinets, namely Spain, Germany, Italy, the Czech Republic, France, Romania, Poland, Hungary, Denmark, Austria and the Netherlands, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Austria (with a CAGR of +10.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electric board, desk and panel supplying countries in the European Union were Spain ($X), Germany ($X) and Italy ($X), together accounting for 43% of total exports. These countries were followed by the Czech Republic, Hungary, France, Denmark, Poland, Romania, the Netherlands and Austria, which together accounted for a further 46%.

Among the main exporting countries, the Czech Republic, with a CAGR of +10.7%, saw 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 export price in the European Union stood at $X per unit in 2021, growing by 5.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2018 an increase of 8.1% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2021, approx. X units of electrical boards, panels, consoles, desks and cabinets were imported in the European Union; surging by 9.8% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.3% 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 2017 when imports increased by 12% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

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 +4.3% over the period from 2012 to 2021; 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.

Imports by Country

Germany (X units) and France (X units) were the main importers of electrical boards, panels, consoles, desks and cabinets in 2021, finishing at near 15% and 15% of total imports, respectively. Italy (X units) ranks next in terms of the total imports with a 9.2% share, followed by Hungary (7.1%), Poland (6.3%), Austria (6.1%), the Czech Republic (5.7%) and Spain (4.7%). The Netherlands (X units), Romania (X units), Belgium (X units), Slovakia (X units) and Sweden (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +11.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric board, desk and panel importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together accounting for 41% of total imports. Hungary, Poland, the Netherlands, the Czech Republic, Austria, Spain, Belgium, Romania, Sweden and Slovakia lagged somewhat behind, together comprising a further 46%.

Hungary, with a CAGR of +12.3%, recorded the highest rates of growth with regard to 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 the European Union stood at $X per unit in 2021, increasing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. Over the period under review, import prices reached the maximum at $X per unit in 2014; afterwards, it flattened through to 2021.

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