Spain: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Spain

The Spanish electrical circuit apparatus market soared to $X in 2021, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Circuit Apparatus Production in Spain

In value terms, electrical circuit apparatus production reached $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

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Electrical Circuit Apparatus Exports

Exports from Spain

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection decreased by X% to X units, falling for the fourth year in a row after six years of growth. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume 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, exports decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports totaled $X in 2021. Over the period under review, total exports indicated a perceptible expansion 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, exports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), Germany (X units) and Morocco (X units) were the main destinations of electrical circuit apparatus exports from Spain, together comprising X% of total exports. Portugal, the Czech Republic, Italy, the UK, Romania, Turkey, Poland, Belgium, Tunisia and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Among the main countries of destination, the Czech Republic, with a CAGR of X%, saw 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

The average electrical circuit apparatus export price stood at $X per unit in 2021, increasing by X% against the previous year. In general, the export price saw a modest increase. 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 peak figure in 2021 and is expected to retain growth in the immediate term.

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

Electrical Circuit Apparatus Imports

Imports into Spain

In 2021, approx. X units of electrical apparatus for circuit connection, switching and protection were imported into Spain; growing by X% against 2020. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and China ($X) appeared to be the largest electrical circuit apparatus suppliers to Spain, with a combined X% share of total imports. Italy, the Netherlands, Morocco, Belgium, Portugal, Poland and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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 electrical circuit apparatus import price stood at $X per unit in 2021, picking up by X% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price 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, electrical circuit apparatus import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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