United Kingdom - Automatic Circuit Breakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUK Experiences 16% Drop in Import of Circuit Breakers, Totalling $31M in August 2023
United Kingdom Circuit Breaker Imports
In August 2023, imports of automatic circuit breakers into the UK contracted significantly to 1.6M units, reducing by -23.9% compared with July 2023 figures. Overall, total imports indicated mild growth from August 2022 to August 2023: its volume increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, imports decreased by -25.9% against May 2023 indices. The growth pace was the most rapid in April 2023 with an increase of 56% m-o-m. Over the period under review, imports hit record highs at 2.2M units in May 2023; however, from June 2023 to August 2023, imports failed to regain momentum.
In value terms, circuit breaker imports fell dramatically to $31M (IndexBox estimates) in August 2023. In general, total imports indicated a temperate increase from August 2022 to August 2023: its value increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, imports decreased by -16.0% against July 2023 indices. The growth pace was the most rapid in October 2022 when imports increased by 40% against the previous month. Imports peaked at 37M units in July 2023, and then dropped dramatically in the following month.
| COUNTRY | Import Value of Circuit Breaker in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| China | 7.6 | 6.1 | 9.1 | 8.4 | 9.5 | 9.2 | 10.6 | 7.1 | 11.8 | 12.9 | 9.7 | 12.7 | 7.9 |
| France | 3.3 | 3.0 | 4.0 | 3.5 | 2.8 | 3.1 | 3.9 | 3.5 | 3.6 | 5.0 | 5.9 | 4.8 | 5.5 |
| Ireland | < 0.1 | < 0.1 | < 0.1 | 0.6 | 0.2 | 1.3 | 2.8 | 2.6 | 3.7 | 3.4 | 4.3 | 4.1 | 3.3 |
| Italy | 1.3 | 1.6 | 2.5 | 1.9 | 1.3 | 3.2 | 1.7 | 3.1 | 1.8 | 2.0 | 2.2 | 2.0 | 2.1 |
| Poland | 0.7 | 0.7 | 0.8 | 0.9 | 0.8 | 1.2 | 1.0 | 1.2 | 1.4 | 1.5 | 0.9 | 1.1 | 1.1 |
| Japan | 0.8 | 0.4 | 2.3 | 0.7 | 0.8 | 1.2 | 0.7 | 0.5 | 0.8 | 0.7 | 0.9 | 0.9 | 0.9 |
| India | 1.3 | 0.3 | 0.2 | 0.4 | 0.1 | 0.7 | 0.3 | 0.6 | 0.6 | 0.5 | 0.4 | 0.9 | 0.7 |
| Others | 9.6 | 8.4 | 9.8 | 10.1 | 8.4 | 9.9 | 12.9 | 11.5 | 8.6 | 9.9 | 11.2 | 10.4 | 9.5 |
| Total | 24.5 | 20.5 | 28.7 | 26.4 | 23.8 | 29.8 | 34.1 | 30.2 | 32.4 | 35.9 | 35.6 | 36.9 | 31.0 |
Imports by Country
In August 2023, China (674K units) constituted the largest supplier of circuit breaker to the UK, with a 41% share of total imports. Moreover, circuit breaker imports from China exceeded the figures recorded by the second-largest supplier, France (212K units), threefold. Ireland (180K units) ranked third in terms of total imports with an 11% share.
From August 2022 to August 2023, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+0.3% per month) and Ireland (+60.8% per month).
In value terms, China ($7.9M), France ($5.5M) and Ireland ($3.3M) appeared to be the largest circuit breaker suppliers to the UK, together accounting for 54% of total imports.
Ireland, with a CAGR of +48.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In August 2023, electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts (1.6M units) was the main type of circuit breaker supplied to the UK, with a 96% share of total imports. It was followed by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (39K units), with a 2.4% share of total imports.
From August 2022 to August 2023, the average monthly rate of growth in terms of the volume of import of electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts stood at +1.6%. With regard to the other supplied products, the following average monthly rates of growth were recorded: electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (+2.7% per month) and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (-0.6% per month).
In value terms, electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts ($26M) constituted the largest type of circuit breaker supplied to the UK, comprising 82% of total imports. The second position in the ranking was taken by electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more ($2.8M), with a 9% share of total imports.
Import Prices by Country
In August 2023, the circuit breaker price amounted to $19.0 per unit (CIF, United Kingdom), with an increase of 10% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 70% against the previous month. The import price peaked at $24.1 per unit in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($63.6 per unit), while the price for India ($9.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the circuit breaker market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27121020 - Automatic circuit breakers
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
- Prodcom 27122250 - Automatic circuit breakers for a voltage . 1 kV and for a current > .63 A
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
