China: Circuit Breaker Market 2024

Circuit Breaker Market Size in China

The Chinese circuit breaker market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption showed measured growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Circuit Breaker Production in China

In value terms, circuit breaker production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Circuit breaker production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Circuit Breaker Exports

Exports from China

In 2022, after two years of growth, there was decline in overseas shipments of automatic circuit breakers, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then shrank modestly in the following year.

In value terms, circuit breaker exports rose sharply to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units), Brazil (X units) and Turkey (X units) were the main destinations of circuit breaker exports from China, with a combined X% share of total exports. Singapore, Vietnam, the United States, India, the Philippines, Thailand, the United Arab Emirates, Malaysia, Pakistan and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Brazil ($X) and the United States ($X) were the largest markets for circuit breaker exported from China worldwide, together accounting for X% of total exports. Turkey, Singapore, Vietnam, Japan, India, the Philippines, Thailand, Malaysia, the United Arab Emirates and Pakistan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, 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

The average circuit breaker export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Circuit Breaker Imports

Imports into China

In 2022, overseas purchases of automatic circuit breakers increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, circuit breaker imports dropped slightly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest circuit breaker supplier to China, with a X% share of total imports. Moreover, circuit breaker imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. France (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, Japan ($X), Germany ($X) and Italy ($X) appeared to be the largest circuit breaker suppliers to China, together accounting for X% of total imports. Switzerland, Mexico, South Korea, France, the Czech Republic, the United States, Thailand, Romania, Malaysia and India lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, with a CAGR of X%, recorded 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

The average circuit breaker import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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