EU: Isolating Switch Market 2024

Isolating Switch Market Size in the EU

The EU isolating switch market reduced sharply to $X in 2022, waning by -35.4% against the previous year. In general, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Isolating Switch Production in the EU

In value terms, isolating switch production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 55%. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Isolating Switch Exports

Exports in the EU

After three years of decline, overseas shipments of isolating switches & make-and-break switches increased by 18% to X units in 2022. In general, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, isolating switch exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy represented the key exporter of isolating switches & make-and-break switches in the European Union, with the volume of exports finishing at X units, which was approx. 44% of total exports in 2022. The Netherlands (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (9.9%), France (9.4%), Poland (7%) and Germany (6.5%). Spain (X units) followed a long way behind the leaders.

Exports from Italy decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Bulgaria (+14.7%), the Netherlands (+3.9%) and France (+3.7%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +14.7% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Spain (-2.4%) and Germany (-6.6%) illustrated a downward trend over the same period. Bulgaria (+7.4 p.p.), the Netherlands (+3.6 p.p.) and France (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Germany and Italy saw its share reduced by -6.2% and -8.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest isolating switch supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by France, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy amounted to +5.9%. In the other countries, the average annual rates were as follows: Germany (-0.8% per year) and France (+3.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 when the export price increased by 14%. As a result, the export price reached the peak level of $X per unit, leveling off in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.1%), while the other leaders experienced more modest paces of growth.

Isolating Switch Imports

Imports in the EU

In 2022, after four years of growth, there was significant decline in supplies from abroad of isolating switches & make-and-break switches, when their volume decreased by -7.3% to X units. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell in the following year.

In value terms, isolating switch imports dropped to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X units) and Spain (X units) represented roughly 31% of total imports in 2022. France (X units) held a 7.7% share (based on physical terms) of total imports, which put it in second place, followed by Finland (6.6%), Belgium (6.2%), Sweden (5.1%), the Netherlands (5%) and Greece (4.7%). Ireland (X units), Poland (X units), Austria (X units), Romania (X units) and Italy (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest isolating switch importing markets in the European Union were Germany ($X), Spain ($X) and Sweden ($X), together comprising 35% of total imports. France, Belgium, Austria, Poland, Finland, the Netherlands, Italy, Greece, Ireland and Romania lagged somewhat behind, together comprising a further 52%.

Among the main importing countries, Ireland, with a CAGR of +20.3%, 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

In 2022, the import price in the European Union amounted to $X per unit, declining by -6.3% against the previous year. Overall, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2017 when the import price increased by 9.9% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :