Australia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Australia

In 2021, the Australian electrical circuit apparatus market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports from Australia

After two years of decline, overseas shipments of electrical apparatus for circuit connection, switching and protection increased by X% to X units in 2021. Overall, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, 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.

In value terms, electrical circuit apparatus exports soared to $X in 2021. In general, total exports indicated temperate 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. Based on 2021 figures, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X units), the United States (X units) and Mexico (X units) were the main destinations of electrical circuit apparatus exports from Australia, with a combined X% share of total exports. Brazil, Chile, China, Colombia, India, Singapore, Hong Kong SAR, Indonesia, Papua New Guinea and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and India ($X) were the largest markets for electrical circuit apparatus exported from Australia worldwide, together accounting for X% of total exports. China, Singapore, Brazil, Mexico, Chile, Hong Kong SAR, Papua New Guinea, Indonesia, Malaysia and Colombia lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Australia

In 2021, supplies from abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a noticeable contraction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports surged to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electrical circuit apparatus supplier to Australia, with a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Australia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per unit, rising by X% against the previous year. In general, import price indicated a pronounced expansion 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. Based on 2021 figures, electrical circuit apparatus import price increased by X% against 2014 indices. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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