Finland: Circuit Breaker Market 2025

Circuit Breaker Market Size in Finland

In 2022, the Finnish circuit breaker market increased by 7.7% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Circuit Breaker Production in Finland

In value terms, circuit breaker production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 755%. Circuit breaker production peaked in 2022 and is likely to see steady growth in the immediate term.

Circuit Breaker Exports

Exports from Finland

In 2022, circuit breaker exports from Finland skyrocketed to X units, picking up by 20% compared with the year before. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 84%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, circuit breaker exports skyrocketed to $X in 2022. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X units), Kazakhstan (X units) and the United States (X units) were the main destinations of circuit breaker exports from Finland, together accounting for 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +42.5%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Kazakhstan ($X) and Russia ($X) were the largest markets for circuit breaker exported from Finland worldwide, together accounting for 46% of total exports. The United States, Spain, Germany, the Netherlands, Sweden, South Korea, Poland, India, China and the United Arab Emirates lagged somewhat behind, together comprising a further 32%.

Spain, with a CAGR of +34.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average circuit breaker export price stood at $X per unit in 2022, picking up by 13% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Finland

In 2022, purchases abroad of automatic circuit breakers increased by 3.8% to X units, rising for the second consecutive year after three years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, circuit breaker imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of circuit breaker imports to Finland, with a combined 45% share of total imports. Sweden, France, Bulgaria, Thailand, Estonia, Poland, India, Romania, the UK and Spain lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +158.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker suppliers to Finland were Sweden ($X), Germany ($X) and Italy ($X), together accounting for 58% of total imports. France, Estonia, Romania, China, Spain, Poland, Bulgaria, India, the UK and Thailand lagged somewhat behind, together accounting for a further 30%.

Bulgaria, with a CAGR of +136.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, picking up by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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