Spain: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Spain

The Spanish electrical circuit apparatus market skyrocketed to $X in 2021, jumping by 31% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electrical Circuit Apparatus Production in Spain

In value terms, electrical circuit apparatus production stood at $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports from Spain

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection decreased by -13.8% to X tons, falling for the fourth year in a row after six years of growth. In general, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -33.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports reached $X in 2021. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Morocco (X tons) were the main destinations of electrical circuit apparatus exports from Spain, with a combined 45% share of total exports. These countries were followed by Portugal, the Czech Republic, Italy, the UK, Romania, Turkey, Poland, Belgium, Tunisia, China, Algeria and the United States, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical circuit apparatus exported from Spain were France ($X), Germany ($X) and Morocco ($X), together accounting for 47% of total exports. Portugal, Italy, the Czech Republic, the UK, Romania, China, Tunisia, Poland, the United States, Turkey, Belgium and Algeria lagged somewhat behind, together comprising a further 30%.

The Czech Republic, with a CAGR of +32.5%, recorded the highest rates of growth with regard to 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

The average electrical circuit apparatus export price stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the export price saw modest growth. The pace of growth was the most pronounced in 2018 an increase of 20%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Algeria ($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 Romania (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Spain

In 2021, approx. X tons of electrical apparatus for circuit connection, switching and protection were imported into Spain; with an increase of 5.2% against the previous year. Overall, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern 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

France (X tons), Germany (X tons) and China (X tons) were the main suppliers of electrical circuit apparatus imports to Spain, with a combined 64% share of total imports. These countries were followed by Italy, the Netherlands, Portugal, Morocco, Austria, Belgium and Poland, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +13.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and China ($X) were the largest electrical circuit apparatus suppliers to Spain, together accounting for 62% of total imports. These countries were followed by Italy, the Netherlands, Morocco, Belgium, Portugal, Poland and Austria, which together accounted for a further 20%.

The Netherlands, with a CAGR of +16.8%, recorded 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 electrical circuit apparatus import price stood at $X per ton in 2021, rising by 11% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical circuit apparatus import price increased by +10.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 37%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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