China: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in China

In 2021, after nine years of growth, there was significant decline in the Chinese electrical circuit apparatus market, when its value decreased by X% to $X. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electrical circuit apparatus consumption peaked at $X in 2020, and then shrank in the following year.

Electrical Circuit Apparatus Production in China

In value terms, electrical circuit apparatus production shrank to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Electrical circuit apparatus production peaked at $X in 2020, and then contracted in the following year.

Electrical Circuit Apparatus Exports

Exports from China

Electrical circuit apparatus exports from China soared to X units in 2021, rising by X% against the year before. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of X% 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 increased by X% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of X% 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 increased by X% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electrical circuit apparatus exports from China, with a X% share of total exports. Moreover, electrical circuit apparatus exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. Russia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Russia (X% per year).

In value terms, the largest markets for electrical circuit apparatus exported from China were Hong Kong SAR ($X), the United States ($X) and Vietnam ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw 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 unit in 2021, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the near future.

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 Hong Kong SAR ($X per unit), while the average price for exports to Russia ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into China

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a 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 X% over the period 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

Japan (X units), South Korea (X units) and Germany (X units) were the main suppliers of electrical circuit apparatus imports to China, together accounting for X% of total imports. Taiwan (Chinese), the United States, Vietnam, Mexico, Thailand, the Czech Republic, Malaysia, France, Indonesia and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, Japan ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to China, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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