Plugs and Socket Price in Argentina - 2023
Contents:
- Plugs and Socket Price in Argentina (CIF) - 2022
- Plugs and Socket Price in Argentina (FOB) - 2022
- Plugs and Socket Imports in Argentina
- Plugs and Socket Exports in Argentina
Plugs and Socket Price in Argentina (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $0.2 per unit, surging by 2.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. The import price peaked at $0.3 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($0.8 per unit), while the price for Thailand ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Argentina (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, rising by 5.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $0.2 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($0.3 per unit), while the average price for exports to Brazil ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.
Plugs and Socket Imports in Argentina
In 2022, approx. 51M units of electrical plugs and sockets for under 1000 v were imported into Argentina; jumping by 23% against 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, plugs and socket imports surged to $12M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Plugs and Socket in Argentina (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,594 | 1,702 | 2,689 | 2,957 | 22.9% |
Taiwan (Chinese) | 49.0 | 37.4 | 453 | 2,081 | 248.9% |
Japan | 736 | 654 | 1,183 | 845 | 4.7% |
United States | 1,037 | 912 | 512 | 720 | -11.5% |
Thailand | 332 | 252 | 403 | 582 | 20.6% |
Italy | 534 | 424 | 456 | 520 | -0.9% |
Slovakia | 605 | 332 | 437 | 519 | -5.0% |
Germany | 552 | 383 | 442 | 465 | -5.6% |
Mexico | 529 | 199 | 241 | 425 | -7.0% |
Brazil | 306 | 215 | 286 | 304 | -0.2% |
South Korea | 143 | 166 | 318 | 283 | 25.6% |
Spain | 177 | 107 | 146 | 239 | 10.5% |
Free Zones | 224 | 126 | 119 | 210 | -2.1% |
Others | 1,830 | 1,045 | 1,587 | 1,587 | -4.6% |
Total | 8,648 | 6,554 | 9,272 | 11,736 | 10.7% |
Top Suppliers of Plugs and Socket to Argentina in 2022:
- China (14.3M units)
- Taiwan (Chinese) (8.9M units)
- Thailand (6.8M units)
- Slovakia (3.6M units)
- Brazil (2.6M units)
- Italy (1.8M units)
- Free Zones (1.7M units)
- Germany (1.6M units)
- Spain (1.5M units)
- South Korea (1.2M units)
- Japan (1.0M units)
- United States (1.0M units)
- Mexico (0.9M units)
Plugs and Socket Exports in Argentina
In 2022, overseas shipments of electrical plugs and sockets for under 1000 v were finally on the rise to reach 7.2M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt setback. The exports peaked at 11M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, plugs and socket exports soared to $1.3M in 2022. Over the period under review, exports, however, faced a deep setback. The exports peaked at $1.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Plugs and Socket in Argentina (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Paraguay | 825 | 611 | 735 | 624 | -8.9% |
Chile | 327 | 225 | N/A | 248 | -8.8% |
Uruguay | 188 | 185 | 215 | 234 | 7.6% |
Peru | 58.5 | 43.1 | 15.4 | 67.3 | 4.8% |
Bolivia | 379 | 248 | 76.0 | 55.9 | -47.2% |
Brazil | 12.2 | 60.7 | 15.0 | 39.7 | 48.2% |
Others | 75.4 | 59.3 | 4.6 | N/A | -75.3% |
Total | 1,864 | 1,433 | 1,061 | 1,269 | -12.0% |
Top Export Markets for Plugs and Socket from Argentina in 2022:
- Paraguay (3.5M units)
- Chile (1.4M units)
- Uruguay (1.4M units)
- Bolivia (0.4M units)
- Brazil (0.3M units)
- Peru (0.3M units)
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