Key Market Indicators
Revenue from British electrical equipment is projected to reach €5.9 billion by 2026, down 0.8% each year on average from €6.1 billion in 2021. Since 2013, the British market has decreased by 0.4% annually. In 2021, the Czech Republic had the highest revenue at €6.1 billion, followed by France, Italy and Spain. British electrical equipment imports are expected to hit $66.4 billion by 2026, up 0.8% year on year from $63.5 billion in 2021. Since 1998, British demand has risen 2% annually. In 2021, the Netherlands had the highest import value at $63.5 billion, followed by the United States, Germany and Singapore. British electrical equipment exports are forecast to reach $24.3 billion by 2026, down 1.5% each year on average from $26.5 billion in 2021. Since 1998, British supply has dropped 0.2% annually. Last year, the United Arab Emirates had the highest export value at $26.5 billion, followed by South Korea, the United States and Germany.