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U.S. Electronic Connector Market. Analysis And Forecast to 2030

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Article Publishing Date: Aug 13, 2024

Electronic Connector Imports Into the U.S. Drop 15% to $2.6 Billion in 2023

U.S. Electronic Connector Imports

In 2023, supplies from abroad of electronic connectors decreased by -35% to 2.6B units for the first time since 2020, thus ending a two-year rising trend. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked at 4.5B units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, electronic connector imports contracted remarkably to $2.6B (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +3.6% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Imports peaked at $3B in 2022, and then shrank dramatically in the following year. U.S. Electronic Connector Imports By Country (Million USD)

COUNTRY	Import Value of Electronic Connector in U.S. (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Mexico	473	598	698	670	663	712	693	623	668	843	829
China	472	551	573	626	633	627	404	325	461	564	375
Japan	138	157	182	182	202	215	201	173	210	245	200
Taiwan (Chinese)	117	133	137	127	138	162	163	146	203	235	187
Germany	106	121	115	123	148	149	150	130	174	185	150
Malaysia	86.4	84.3	105	144	107	115	92.7	81.2	103	126	99.0
Vietnam	2.7	7.1	10.1	10.2	19.2	23.0	50.0	39.5	50.8	125	97.2
France	52.7	57.4	58.5	67.1	61.7	67.4	85.6	71.7	64.3	74.5	80.9
Others	362	418	476	463	463	502	492	441	553	637	552
Total	1,810	2,127	2,355	2,413	2,434	2,573	2,330	2,030	2,488	3,034	2,569

Imports by Country

In 2023, China (677M units) constituted the largest supplier of electronic connector to the United States, accounting for a 26% share of total imports. Moreover, electronic connector imports from China exceeded the figures recorded by the second-largest supplier, Japan (311M units), twofold. Taiwan (Chinese) (299M units) ranked third in terms of total imports with an 11% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.9% per year) and Taiwan (Chinese) (+2.4% per year).

In value terms, Mexico ($829M) constituted the largest supplier of electronic connectors to the United States, comprising 32% of total imports. The second position in the ranking was held by China ($375M), with a 15% share of total imports. It was followed by Japan, with a 7.8% share.

From 2013 to 2023, the average annual rate of growth in terms of value from Mexico totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.3% per year) and Japan (+3.7% per year).

Import Prices by Country

In 2023, the electronic connector price stood at $975 per thousand units (CIF, US), with an increase of 30% against the previous year. In general, import price indicated a resilient increase from 2013 to 2023: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic connector import price increased by +55.4% against 2021 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($3.1 per unit), while the price for South Korea ($330 per thousand units) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electronic connector market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

NAICS 334417 - Electronic connector manufacturing

Companies mentioned:

Tyco Electronics Corporation
Pei/Genesis
Methode Electronics
Airborn Interconnect
Mac Lean-Fogg Company
Amphenol Corporation
L-Com
Hypertronics Corporation
Dcg Systems
Teledyne Odi
CTS Corporation
Positronic Industries
Winchester Electronics Corp
Sabritec
Mill-Max Mfg. Corp.
Powell Electronics
Amphenol Optimize Manufacturing Co.
Joslyn Sunbank Company
Cinch Connectivity Solutions
Zeikos
I O Interconnect
Amphenol TCS
Felchar Manufacturing Corporation
Woodhead Industries
Radiall America
Molex U S Inc
Charged Up
Iriso, U.S.A.
Fci Usa
Brantner Holding Company

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Electronic Connector Market. Analysis And Forecast to 2030

Electronic Connector Imports Into the U.S. Drop 15% to $2.6 Billion in 2023

U.S. Electronic Connector Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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