EU: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in the EU

The EU electrical circuit apparatus market surged to $X in 2021, growing by 15% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Circuit Apparatus Production in the EU

In value terms, electrical circuit apparatus production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 9.3% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports in the EU

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany was the major exporter of electrical apparatus for circuit connection, switching and protection in the European Union, with the volume of exports recording X tons, which was near 27% of total exports in 2021. Poland (X tons) ranks second in terms of the total exports with a 4.9% share, followed by Hungary (4.8%), the Czech Republic (8%), the Netherlands (5.4%), Spain (5.5%), France (12%) and Italy (12%). The following exporters - the Netherlands (X tons), Romania (X tons), Bulgaria (X tons), Austria (X tons), Sweden (X tons), Poland (X tons) and Belgium (X tons) - together made up 24% of total exports.

Exports from Germany increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Bulgaria (+7.4%), Romania (+5.3%), Poland (+4.8%), Belgium (+3.7%), Austria (+3.5%), Hungary (+3.5%), Spain (+3.3%) and the Netherlands (+1.6%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +7.4% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, France (-1.3%), the Czech Republic (-3.1%) and Sweden (-3.6%) illustrated a downward trend over the same period. While the share of Germany (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-3 p.p.) and the Czech Republic (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electrical circuit apparatus supplier in the European Union, comprising 40% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by the Czech Republic, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled +4.0%. In the other countries, the average annual rates were as follows: France (-0.5% per year) and the Czech Republic (+6.8% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, surging by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 an increase of 9.8% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.2%), while the other leaders experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports in the EU

In 2021, the amount of electrical apparatus for circuit connection, switching and protection imported in the European Union surged to X tons, with an increase of 19% against the previous year. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; 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

Italy (X tons), the Czech Republic (X tons), Germany (X tons), Spain (X tons), France (X tons) and Hungary (X tons) represented roughly 60% of total imports in 2021. Poland (X tons) took a 5.7% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (6.6%), the Netherlands (6%), Spain (7%), Belgium (7.7%), France (8.9%) and Italy (7.3%). The following importers - Austria (X tons), Sweden (X tons), Romania (X tons), Bulgaria (X tons) and Slovakia (X tons) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in the European Union, comprising 26% of total imports. The second position in the ranking was held by France ($X), with a 9.7% share of total imports. It was followed by the Netherlands, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +3.9%. In the other countries, the average annual rates were as follows: France (+1.4% per year) and the Netherlands (+5.0% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by 5.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 9.3% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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