Eastern Europe: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

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

The East European electrical board and console market contracted modestly to $X in 2022, which is down by X% against the previous year. 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 in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

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

In value terms, electrical board and console production surged to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the immediate term.

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

Exports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded growth in overseas shipments of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, which increased by X% to X units in 2022. Total exports indicated perceptible growth 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 2017 indices. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, electrical board and console exports totaled $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value 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 2017 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Poland (X units) represented the major exporter of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, making up X% of total exports. The Czech Republic (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Estonia (X%), Hungary (X%), Romania (X%) and Bulgaria (X%). Slovakia (X units) took a relatively small share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Estonia (X%), Bulgaria (X%), Hungary (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Slovakia (X%) illustrated a downward trend over the same period. Poland (X p.p.), Romania (X p.p.) and Estonia (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia and the Czech Republic saw its share reduced by X% and X% from 2012 to 2022, 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 in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), together accounting for X% of total exports. Estonia, Bulgaria, Romania and Slovakia lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

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

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

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

Imports in Eastern Europe

In 2022, overseas purchases of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, electrical board and console imports rose notably to $X in 2022. Overall, imports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of electrical board and console imports in 2022 were Poland (X units), Russia (X units), the Czech Republic (X units) and Belarus (X units), together resulting at X% of total import. It was distantly followed by Hungary (X units), Romania (X units) and Bulgaria (X units), together making up a X% share of total imports.

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

In value terms, Belarus ($X), Russia ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Belarus, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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