Northern America: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Northern America

The North American electrical circuit apparatus market amounted to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in Northern America

In value terms, electrical circuit apparatus production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electrical Circuit Apparatus Exports

Exports in Northern America

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, electrical circuit apparatus exports reached $X in 2021. The total export value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of electrical apparatus for circuit connection, switching and protection, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection exports, with a CAGR of X% from 2012 to 2021. From 2012 to 2021, the share of the United States increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest electrical circuit apparatus supplier in Northern America.

In the United States, electrical circuit apparatus exports expanded at an average annual rate of X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to X% per year.

Electrical Circuit Apparatus Imports

Imports in Northern America

For the sixth consecutive year, Northern America recorded growth in overseas purchases of electrical apparatus for circuit connection, switching and protection, which increased by X% to X units in 2021. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

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

Imports by Country

The United States dominates imports structure, accounting for X units, which was near X% of total imports in 2021. It was distantly followed by Canada (X units), making up a X% share of total imports.

The United States was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection imports, with a CAGR of X% from 2012 to 2021. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, electrical circuit apparatus imports expanded at an average annual rate of X% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, waning by X% against the previous year. In general, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :