Greece: Circuit Breaker Market 2024

Circuit Breaker Market Size in Greece

In 2022, the Greek circuit breaker market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a moderate increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Circuit Breaker Exports

Exports from Greece

In 2022, shipments abroad of automatic circuit breakers was finally on the rise to reach X units after two years of decline. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, circuit breaker exports surged to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Cyprus (X units) was the main destination for circuit breaker exports from Greece, with a X% share of total exports. Moreover, circuit breaker exports to Cyprus exceeded the volume sent to the second major destination, Italy (X units), tenfold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

In value terms, Cyprus ($X) remains the key foreign market for automatic circuit breakers exports from Greece, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average circuit breaker export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a perceptible reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($X per unit), while the average price for exports to Italy ($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 Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Greece

For the third consecutive year, Greece recorded growth in overseas purchases of automatic circuit breakers, which increased by X% to X units in 2022. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker imports declined slightly to $X in 2022. In general, total imports indicated pronounced growth 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. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Hungary (X units), China (X units) and France (X units) were the main suppliers of circuit breaker imports to Greece, with a combined X% share of total imports. Italy, Germany, the Czech Republic, Poland and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and Italy ($X) constituted the largest circuit breaker suppliers to Greece, with a combined X% share of total imports. France, China, the Czech Republic, Poland and Turkey lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded 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, dropping by X% against the previous year. Over the period under review, the import price recorded a noticeable slump. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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