Italy: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Italy

The Italian electrical circuit apparatus market rose remarkably to $X in 2021, growing by 12% against the previous year. Over the period under review, consumption recorded resilient growth. Electrical circuit apparatus consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electrical Circuit Apparatus Production in Italy

In value terms, electrical circuit apparatus production contracted slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.6% against 2018 indices. The growth pace was the most rapid in 2015 when the production volume increased by 19% against the previous year. Electrical circuit apparatus production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Italy

In 2021, after three years of decline, there was significant growth in overseas shipments of electrical apparatus for circuit connection, switching and protection, when their volume increased by 12% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and Romania (X tons) were the main destinations of electrical circuit apparatus exports from Italy, together accounting for 28% of total exports. The United States, Spain, Poland, Tunisia, Turkey, Slovakia, the Czech Republic, China, the UK, Hungary, Austria, Brazil, the United Arab Emirates and Russia lagged somewhat behind, together accounting for a further 38%.

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 +12.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) constituted the largest markets for electrical circuit apparatus exported from Italy worldwide, with a combined 29% share of total exports. These countries were followed by Spain, China, Turkey, the Czech Republic, Poland, the UK, Romania, Tunisia, Slovakia, Russia, Hungary, Brazil, the United Arab Emirates and Austria, which together accounted for a further 39%.

The Czech Republic, with a CAGR of +12.4%, 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 electrical circuit apparatus export price stood at $X per ton in 2021, growing by 3.6% against the previous year. In general, the export price saw a mild expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 7.7%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Italy

In 2021, supplies from 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 import volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of electrical circuit apparatus imports to Italy, with a combined 56% share of total imports. The Czech Republic, the Netherlands, Romania, Belgium, Austria, Turkey, Poland, Bulgaria, Tunisia, Spain and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +30.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electrical circuit apparatus to Italy, comprising 34% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and China (+8.3% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 24%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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