Finland: Circuit Breaker Market 2024

Circuit Breaker Market Size in Finland

In 2022, the Finnish circuit breaker market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Circuit breaker consumption peaked in 2022 and is expected to retain growth in the near future.

Circuit Breaker Production in Finland

In value terms, circuit breaker production dropped remarkably to $X in 2022 estimated in export price. Overall, production showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Circuit breaker production peaked at $X in 2021, and then dropped rapidly in the following year.

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Circuit Breaker Exports

Exports from Finland

Circuit breaker exports from Finland soared to X units in 2022, rising by X% on 2021. In general, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, circuit breaker exports skyrocketed to $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Estonia (X units) was the main destination for circuit breaker exports from Finland, accounting for a X% share of total exports. Moreover, circuit breaker exports to Estonia exceeded the volume sent to the second major destination, Kazakhstan (X units), fourfold. The United States (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and the United States (X% per year).

In value terms, Estonia ($X), Kazakhstan ($X) and Russia ($X) appeared to be the largest markets for circuit breaker exported from Finland worldwide, together comprising X% of total exports. The United States, Spain, the Netherlands, Germany, Poland, Sweden, South Korea, France, India and China lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the average circuit breaker export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Estonia ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Finland

In 2022, purchases abroad of automatic circuit breakers increased by X% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X units in 2017; afterwards, it flattened through to 2022.

In value terms, circuit breaker imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), Germany (X units) and Italy (X units) were the main suppliers of circuit breaker imports to Finland, with a combined X% share of total imports. China, France, Estonia, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker suppliers to Finland were Sweden ($X), Germany ($X) and Italy ($X), together comprising X% of total imports. Estonia, China, France, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, saw the highest rates of growth with regard to 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.

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then dropped in the following year.

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 Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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