Italy: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Italy

The Italian electrical circuit apparatus market totaled $X in 2021, increasing by X% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Electrical Circuit Apparatus Production in Italy

In value terms, electrical circuit apparatus production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible 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, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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Electrical Circuit Apparatus Exports

Exports from Italy

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection were finally on the rise to reach X units after three years of decline. In general, exports saw a relatively flat trend pattern. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, electrical circuit apparatus exports surged to $X in 2021. The total export value increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Romania (X units) were the main destinations of electrical circuit apparatus exports from Italy, with a combined X% share of total exports. The United States, Spain, Poland, Tunisia, Turkey, Slovakia, the Czech Republic, China, the UK and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical circuit apparatus exported from Italy were Germany ($X), France ($X) and the United States ($X), with a combined X% share of total exports. Spain, China, Turkey, the Czech Republic, Poland, the UK, Romania, Tunisia, Slovakia and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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

In 2021, the average electrical circuit apparatus export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price saw a slight expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

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

Electrical Circuit Apparatus Imports

Imports into Italy

In 2021, supplies from abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of electrical circuit apparatus imports to Italy, together accounting for X% of total imports. The Czech Republic, the Netherlands, Romania, Belgium, Austria, Turkey, Poland, Bulgaria, Tunisia and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, 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, Germany ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Italy, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, approximately equating the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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