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

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

The German market for electrical boards, panels, consoles, desks and cabinets shrank significantly to $X in 2021, dropping by -74% against the previous year. Overall, consumption recorded a abrupt setback. Electric board, desk and panel consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Germany

In value terms, electric board, desk and panel production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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

Exports from Germany

In 2021, overseas shipments of electrical boards, panels, consoles, desks and cabinets were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric board, desk and panel exports surged to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 21%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The Czech Republic (X units), France (X units) and Poland (X units) were the main destinations of electric board, desk and panel exports from Germany, together comprising 37% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and France ($X) constituted the largest markets for electric board, desk and panel exported from Germany worldwide, together comprising 28% of total exports. The Netherlands, Switzerland, Austria, Italy, Hungary, Sweden, Slovakia, Russia, the United Arab Emirates and Norway lagged somewhat behind, together accounting for a further 38%.

Slovakia, with a CAGR of +16.0%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average export price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, growing by 6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2017 an increase of 14%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

Electric board, desk and panel imports into Germany surged to X units in 2021, with an increase of 25% on the previous year. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric board, desk and panel imports surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, 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

Poland (X units), the Czech Republic (X units) and Hungary (X units) were the main suppliers of electric board, desk and panel imports to Germany, together accounting for 48% of total imports. The Netherlands, Italy, France, China, Spain, Austria, Switzerland, Romania and Belgium lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of electrical boards, panels, consoles, desks and cabinets to Germany, comprising 29% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total imports. It was followed by Hungary, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+9.4% per year) and Hungary (-0.3% per year).

Import Prices by Country

The average import price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, surging by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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