Benelux: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Benelux

The Benelux electrical board and console market skyrocketed to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption saw a prominent expansion. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Benelux

In value terms, electrical board and console production declined to $X in 2023 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in Benelux

In 2023, overseas shipments of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units, rising for the third year in a row after four years of decline. Total exports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical board and console exports soared to $X in 2023. Total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X units) and the Netherlands (X units) represented roughly X% of total exports in 2023.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%).

In value terms, the largest electrical board and console supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw a mild expansion. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in Benelux

In 2023, approx. X units of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v were imported in Benelux; growing by X% on the previous year. In general, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical board and console imports soared to $X in 2023. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Belgium (X units) and the Netherlands (X units) dominates imports structure, together making up X% of total imports. Luxembourg (X units) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, 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, the largest electrical board and console importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per unit, reducing by X% against the previous year. Overall, the import price saw a mild slump. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform