Portugal: Circuit Breaker Market 2024

Circuit Breaker Market Size in Portugal

In 2022, the Portuguese circuit breaker market increased by 23% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +10.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.2% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Circuit Breaker Production in Portugal

In value terms, circuit breaker production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. Circuit breaker production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Circuit Breaker Exports

Exports from Portugal

For the third consecutive year, Portugal recorded growth in overseas shipments of automatic circuit breakers, which increased by 27% to X units in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, circuit breaker exports skyrocketed to $X in 2022. In general, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.7% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 56%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X units) was the main destination for circuit breaker exports from Portugal, with a 63% share of total exports. Moreover, circuit breaker exports to Italy exceeded the volume sent to the second major destination, Angola (X units), fourfold. Mozambique (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+0.9% per year) and Mozambique (+7.3% per year).

In value terms, Italy ($X) remains the key foreign market for automatic circuit breakers exports from Portugal, comprising 60% of total exports. The second position in the ranking was held by France ($X), with a 26% share of total exports. It was followed by Angola, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.7% per year) and Angola (-4.8% per year).

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, dropping by -5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Jordan ($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 France (+35.4%), while the prices for the other major destinations experienced mixed trend patterns.

Circuit Breaker Imports

Imports into Portugal

In 2022, overseas purchases of automatic circuit breakers increased by 39% to X units, rising for the second consecutive year after two years of decline. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 63%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, circuit breaker imports expanded significantly to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +31.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Spain (X units) and France (X units) were the main suppliers of circuit breaker imports to Portugal, together comprising 79% of total imports. Italy, the Czech Republic, the Netherlands and Germany lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker suppliers to Portugal were Spain ($X), France ($X) and China ($X), with a combined 61% share of total imports. Italy, the Czech Republic, Germany and the Netherlands lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Italy, with a CAGR of +49.5%, recorded the highest growth rate of 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

In 2022, the average circuit breaker import price amounted to $X per unit, waning by -18% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :