Price for Automatic Circuit Breakers for Under 1000 V in China - 2024
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in China (FOB) - 2024
- Price for Automatic Circuit Breakers for Under 1000 V in China (CIF) - 2022
- Exports of Automatic Circuit Breakers for Under 1000 V in China
- Imports of Automatic Circuit Breakers for Under 1000 V in China
Price for Automatic Circuit Breakers for Under 1000 V in China (FOB) - 2024
The average export price for automatic circuit breakers for under 1000 v stood at $2.5 per unit in February 2024, rising by 14% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in May 2023 an increase of 30% m-o-m. As a result, the export price reached the peak level of $2.8 per unit. From June 2023 to February 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was the UK ($6.4 per unit), while the average price for exports to Pakistan ($937 per thousand units) was amongst the lowest.
From April 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Automatic Circuit Breakers for Under 1000 V in China (CIF) - 2022
In 2022, the average import price for automatic circuit breakers for under 1000 v amounted to $8.1 per unit, rising by 146% against the previous year. Overall, the import price, however, recorded a abrupt descent. Over the period under review, average import prices reached the maximum at $19 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($36 per unit), while the price for Japan ($3.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Automatic Circuit Breakers for Under 1000 V in China
In 2022, shipments abroad of automatic circuit breakers for under 1000 v decreased by -1.2% to 595M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 117%. Over the period under review, the exports of reached the peak figure at 602M units in 2021, and then dropped in the following year.
In value terms, exports of automatic circuit breakers for under 1000 v expanded notably to $1.4B in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Automatic Circuit Breakers for Under 1000 V in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 56.6 | 67.1 | 92.0 | 136 | 33.9% |
| Brazil | 61.3 | 67.4 | 102 | 88.4 | 13.0% |
| United Kingdom | 37.2 | 37.3 | 90.7 | 77.8 | 27.9% |
| United States | 31.1 | 43.2 | 50.0 | 69.1 | 30.5% |
| Turkey | 23.6 | 28.3 | 48.7 | 60.3 | 36.7% |
| Vietnam | 41.0 | 43.1 | 44.6 | 48.3 | 5.6% |
| Thailand | 19.3 | 23.9 | 28.3 | 31.3 | 17.5% |
| United Arab Emirates | 15.1 | 16.8 | 24.7 | 29.2 | 24.6% |
| Malaysia | 18.3 | 16.7 | 25.8 | 28.4 | 15.8% |
| Philippines | 18.2 | 15.6 | 28.4 | 27.4 | 14.6% |
| Indonesia | 10.5 | 11.4 | 14.5 | 16.4 | 16.0% |
| Pakistan | 8.1 | 8.0 | 11.9 | 12.9 | 16.8% |
| Bangladesh | 10.3 | 8.1 | 11.1 | 11.4 | 3.4% |
| Others | 509 | 559 | 767 | 812 | 16.8% |
| Total | 860 | 946 | 1,340 | 1,449 | 19.0% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from China in 2022:
- Russia (71.3M units)
- Brazil (61.7M units)
- Turkey (39.0M units)
- Thailand (20.8M units)
- Vietnam (20.3M units)
- United States (16.2M units)
- Malaysia (15.7M units)
- Indonesia (14.3M units)
- Pakistan (14.2M units)
- Bangladesh (14.0M units)
- Philippines (12.6M units)
- United Kingdom (12.3M units)
- United Arab Emirates (12.1M units)
Imports of Automatic Circuit Breakers for Under 1000 V in China
After three years of growth, purchases abroad of automatic circuit breakers for under 1000 v decreased by -57.2% to 32M units in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 422%. Over the period under review, imports of attained the peak figure at 74M units in 2021, and then dropped dramatically in the following year.
In value terms, imports of automatic circuit breakers for under 1000 v rose remarkably to $257M in 2022. The total import value increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Automatic Circuit Breakers for Under 1000 V in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 34.7 | 34.9 | 49.9 | 41.2 | 5.9% |
| Germany | 27.3 | 26.9 | 29.0 | 30.0 | 3.2% |
| Italy | 16.3 | 15.3 | 19.1 | 20.9 | 8.6% |
| Mexico | 8.3 | 9.6 | 14.1 | 18.5 | 30.6% |
| South Korea | 16.0 | 10.6 | 14.5 | 16.5 | 1.0% |
| United States | 12.5 | 9.9 | 10.6 | 15.7 | 7.9% |
| France | 11.2 | 9.3 | 11.2 | 15.2 | 10.7% |
| Czech Republic | 15.2 | 13.8 | 16.9 | 14.8 | -0.9% |
| Thailand | 4.2 | 4.0 | 6.0 | 10.3 | 34.9% |
| Poland | 3.1 | 3.6 | 4.2 | 4.3 | 11.5% |
| Malaysia | 4.4 | 3.6 | 4.1 | 4.2 | -1.5% |
| India | 2.5 | 2.9 | 2.6 | 4.1 | 17.9% |
| Lesotho | 4.0 | 3.8 | 3.6 | 3.5 | -4.4% |
| Others | 22.5 | 49.8 | 59.0 | 58.4 | 37.4% |
| Total | 182 | 198 | 245 | 257 | 12.2% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to China in 2022:
- Japan (10.6M units)
- Germany (2.1M units)
- Czech Republic (1.4M units)
- South Korea (1.2M units)
- Italy (1.1M units)
- United States (1.1M units)
- Thailand (1.0M units)
- France (0.9M units)
- India (0.6M units)
- Mexico (0.5M units)
- Lesotho (0.5M units)
- Poland (0.4M units)
- Malaysia (0.2M units)
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