Overview of the Global Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

In 2022, the global electrical board and console market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V

In value terms, electrical board and console production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports

Global electrical board and console exports expanded remarkably to X units in 2022, growing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electrical board and console exports stood at $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the global exports failed to regain momentum.

Exports by Country

China represented the major exporting country with an export of around X units, which accounted for X% of total exports. Germany (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%) and Turkey (X%). The following exporters - Spain (X units), France (X units), Italy (X units), the Czech Republic (X units), Norway (X units), the Philippines (X units), South Korea (X units), Estonia (X units) and India (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical board and console exports from China stood at X%. At the same time, the Philippines (X%), Poland (X%), Estonia (X%), Norway (X%), Spain (X%), Turkey (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany, Italy and India experienced a relatively flat trend pattern. By contrast, France (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Poland and the Philippines increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical board and console supplying countries worldwide were China ($X), Germany ($X) and Poland ($X), with a combined X% share of global exports. France, Turkey, the Czech Republic, Spain, Italy, Norway, the Philippines, South Korea, India and Estonia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical board and console export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other global leaders experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports

In 2022, supplies from abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, global imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, electrical board and console imports expanded slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of global imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, namely the United States, Indonesia, Germany, Iraq, Finland, the UK, Spain, the United Arab Emirates, France, Poland, Chile and Australia, represented more than third of total import. Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v worldwide, comprising X% of global imports. The second position in the ranking was taken by Iraq ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%. In the other countries, the average annual rates were as follows: Iraq (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average electrical board and console import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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