EU: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in the EU

The EU electrical signalling apparatus market skyrocketed to $X in 2022, increasing by 30% against the previous year. In general, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Electrical Signalling Apparatus Production in the EU

In value terms, electrical signalling apparatus production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 -5.3% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports in the EU

In 2022, overseas shipments of electrical apparatus for sound or visual signalling decreased by -6.6% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 46%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical signalling apparatus exports amounted to $X in 2022. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Germany (X units), France (X units) and the Netherlands (X units) was the major exporter of electrical apparatus for sound or visual signalling in the European Union, creating 57% of total export. It was distantly followed by Sweden (X units), Belgium (X units) and Slovenia (X units), together generating a 17% share of total exports. Poland (X units), Spain (X units), Italy (X units), Austria (X units), the Czech Republic (X units), Hungary (X units) and Denmark (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovenia (with a CAGR of +15.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, with a combined 66% share of total exports. Sweden, Belgium, Slovenia, Austria, the Czech Republic, Denmark, Italy, Poland, Spain and Hungary lagged somewhat behind, together accounting for a further 29%.

Slovenia, with a CAGR of +22.3%, recorded the highest rates of growth with regard to 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

The export price in the European Union stood at $X per unit in 2022, with an increase of 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 23%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the other leaders experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports in the EU

For the fifth year in a row, the European Union recorded growth in supplies from abroad of electrical apparatus for sound or visual signalling, which increased by 11% to X units in 2022. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +107.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electrical signalling apparatus imports skyrocketed to $X in 2022. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of electrical apparatus for sound or visual signalling, namely Germany, the Netherlands and France, represented more than half of total import. Sweden (X units) took an 8.6% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (8%) and Italy (4.7%). Spain (X units), Austria (X units), Poland (X units), Hungary (X units), Belgium (X units), Romania (X units) and Portugal (X units) held a relatively small 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 Slovakia (with a CAGR of +38.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical signalling apparatus importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together accounting for 72% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +26.1%, 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 import price in the European Union stood at $X per unit in 2022, surging by 16% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price 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, electrical signalling apparatus import price increased by +34.2% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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