Eastern Europe: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Eastern Europe

In 2021, the East European electrical circuit apparatus market increased by X% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electrical Circuit Apparatus Production in Eastern Europe

In value terms, electrical circuit apparatus production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports in Eastern Europe

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, electrical circuit apparatus exports soared to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Czech Republic (X units), distantly followed by Poland (X units), Hungary (X units), Romania (X units), Bulgaria (X units), Russia (X units) and Slovakia (X units) represented the largest exporters of electrical apparatus for circuit connection, switching and protection, together committing X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest electrical circuit apparatus supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In the Czech Republic, electrical circuit apparatus exports increased at an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

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

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

Electrical Circuit Apparatus Imports

Imports in Eastern Europe

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports soared to $X in 2021. Total imports indicated moderate 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X units) represented the key importer of electrical apparatus for circuit connection, switching and protection, constituting X% of total imports. The Czech Republic (X units) held the second position in the ranking, followed by Poland (X units), Russia (X units), Romania (X units) and Bulgaria (X units). All these countries together held approx. X% share of total imports. Slovakia (X units) followed a long way behind the leaders.

Imports into Hungary increased at an average annual rate of X% from 2012 to 2021. At the same time, Bulgaria (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2021. By contrast, Russia (X%), Slovakia (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Hungary (X p.p.), Bulgaria (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total imports, while Slovakia, Russia and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Poland ($X) and Hungary ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports. Russia, Romania, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2021, growing by X% against the previous year. Import price indicated slight growth from 2012 to 2021: its price 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. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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