Europe: Isolating Switch Market 2024

Isolating Switch Market Size in Europe

The Europe isolating switch market fell dramatically to $X in 2022, waning by -32.8% against the previous year. In general, consumption, however, continues to indicate a strong expansion. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Isolating Switch Production in Europe

In value terms, isolating switch production contracted to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +27.6% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 31%. The level of production peaked at $X in 2021, and then contracted in the following year.

Isolating Switch Exports

Exports in Europe

In 2022, after two years of decline, there was significant growth in overseas shipments of isolating switches & make-and-break switches, when their volume increased by 17% to X units. Overall, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, isolating switch exports skyrocketed to $X in 2022. In general, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) and Switzerland (X units) were the main exporters of isolating switches & make-and-break switches in 2022, amounting to approx. 31% and 25% of total exports, respectively. It was distantly followed by the Netherlands (X units), Bulgaria (X units), France (X units) and Poland (X units), together mixing up a 26% share of total exports. Germany (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of +14.7%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Italy ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together comprising 73% of total exports. France, Bulgaria, the Netherlands and Poland lagged somewhat behind, together accounting for a further 17%.

In terms of the main exporting countries, Bulgaria, with a CAGR of +25.1%, recorded the highest rates of growth with regard to 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

In 2022, the export price in Europe amounted to $X per unit, almost unchanged from the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 9.3%. As a result, the export price reached the peak level of $X per unit, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Europe

Isolating switch imports amounted to X units in 2022, stabilizing at 2021 figures. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 11%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, isolating switch imports contracted slightly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 12%. The level of import peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

The countries with the highest levels of isolating switch imports in 2022 were Germany (X units), Switzerland (X units) and Spain (X units), together finishing at 33% of total import. The UK (X units) took the next position in the ranking, followed by France (X units) and Finland (X units). All these countries together held near 17% share of total imports. Belgium (X units), Russia (X units), Sweden (X units), the Netherlands (X units), Greece (X units), Ireland (X units) and Poland (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Switzerland (with a CAGR of +28.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest isolating switch importing markets in Europe were Switzerland ($X), Germany ($X) and the UK ($X), with a combined 32% share of total imports.

Switzerland, with a CAGR of +22.5%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in Europe amounted to $X per unit, dropping by -2.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 3.8% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Poland ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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