Spain: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2025

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

In 2021, the Spanish market for electrical boards, panels, consoles, desks and cabinets decreased by -19.4% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Electric board, desk and panel consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, electric board, desk and panel production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Electric board, desk and panel production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

Exports from Spain

Electric board, desk and panel exports from Spain skyrocketed to X units in 2021, with an increase of 20% on the previous year's figure. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some 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, electric board, desk and panel exports skyrocketed to $X in 2021. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for electric board, desk and panel exports from Spain, accounting for a 20% share of total exports. Moreover, electric board, desk and panel exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by Egypt (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.0% per year) and Egypt (-4.3% per year).

In value terms, France ($X), Egypt ($X) and Morocco ($X) were the largest markets for electric board, desk and panel exported from Spain worldwide, with a combined 31% share of total exports. Israel, South Africa, Germany, Algeria, Brazil, Portugal, the United States, the UK, Hungary and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Israel, with a CAGR of +38.2%, saw the highest growth rate of the value of exports, 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, therefore, remained relatively stable against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2016 an increase of 22%. The export price peaked in 2021 and is likely to see steady growth in years to come.

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 Egypt ($X per unit), while the average price for exports to the Czech Republic ($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 Egypt (+12.6%), 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 Spain

In 2021, approx. X units of electrical boards, panels, consoles, desks and cabinets were imported into Spain; with an increase of 5.9% on the previous year's figure. Over the period under review, imports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, electric board, desk and panel imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 18% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest supplier of electric board, desk and panel to Spain, with a 33% share of total imports. Moreover, electric board, desk and panel imports from France exceeded the figures recorded by the second-largest supplier, Romania (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-2.2% per year) and Italy (+1.2% per year).

In value terms, France ($X) constituted the largest supplier of electrical boards, panels, consoles, desks and cabinets to Spain, comprising 30% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from France stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.5% per year) and Germany (-3.2% per year).

Import Prices by Country

In 2021, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, growing by 9.4% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric board, desk and panel import price increased by +88.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 72%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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