Australia: Circuit Breaker Market 2024

Circuit Breaker Market Size in Australia

The Australian circuit breaker market declined slightly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Circuit breaker consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Circuit Breaker Production in Australia

In value terms, circuit breaker production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Circuit Breaker Exports

Exports from Australia

In 2022, shipments abroad of automatic circuit breakers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, circuit breaker exports shrank to $X in 2022. In general, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for circuit breaker exports from Australia, with a X% share of total exports. Moreover, circuit breaker exports to New Zealand exceeded the volume sent to the second major destination, Brazil (X units), fourfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, the largest markets for circuit breaker exported from Australia were Brazil ($X), Mexico ($X) and Chile ($X), with a combined X% share of total exports. New Zealand, the United States, Saudi Arabia, Peru, South Africa, Malaysia, Papua New Guinea, Indonesia, China and Israel lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Israel, with a CAGR of X%, 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

The average circuit breaker export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Israel ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Australia

In 2022, approx. X units of automatic circuit breakers were imported into Australia; waning by X% compared with the year before. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then fell slightly in the following year.

In value terms, circuit breaker imports rose notably to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of circuit breaker to Australia, with a X% share of total imports. Moreover, circuit breaker imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of automatic circuit breakers to Australia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the United States (X% per year).

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Hungary ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :