Plugs and Socket Price in Austria - 2024

Plugs and Socket Price in Austria (CIF) - 2024

The average plugs and socket import price stood at $239 per thousand units in August 2023, with a decrease of -2.1% against the previous month. In general, the import price, however, saw a significant expansion. The pace of growth appeared the most rapid in June 2023 an increase of 119% month-to-month. As a result, import price attained the peak level of $0.3 per unit. From July 2023 to August 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($1.0 per unit), while the price for Turkey ($149 per thousand units) was amongst the lowest.

From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Plugs and Socket Price in Austria (FOB) - 2024

The average plugs and socket export price stood at $301 per thousand units in August 2023, increasing by 1.6% against the previous month. Over the period from February 2023 to August 2023, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in April 2023 an increase of 7.7% m-o-m. The export price peaked in August 2023.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Switzerland ($423 per thousand units), while the average price for exports to Egypt ($122 per thousand units) was amongst the lowest.

From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plugs and Socket Imports in Austria

For the fourth year in a row, Austria recorded growth in supplies from abroad of electrical plugs and sockets for under 1000 v, which increased by 4% to 988M units in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, plugs and socket imports rose to $317M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Import of Plugs and Socket in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	108	140	177	174	17.2%
Switzerland	5.4	2.0	21.8	28.4	73.9%
Czech Republic	4.5	10.0	16.4	20.9	66.8%
China	20.7	7.9	11.7	14.4	-11.4%
Netherlands	1.4	8.9	13.3	14.0	115.4%
Hungary	7.9	10.8	15.4	13.9	20.7%
Taiwan (Chinese)	10.0	8.8	10.9	11.3	4.2%
France	4.0	4.6	4.9	4.8	6.3%
Poland	3.7	2.4	3.2	2.9	-7.8%
Others	49.2	48.3	33.2	32.7	-12.7%
Total	215	244	308	317	13.8%

Top Suppliers of Plugs and Socket to Austria in 2022:

Germany (415.1M units)
Czech Republic (137.4M units)
Switzerland (80.9M units)
China (78.0M units)
Netherlands (60.2M units)
Hungary (52.8M units)
Taiwan (Chinese) (23.9M units)
France (22.0M units)
Poland (16.3M units)

Plugs and Socket Exports in Austria

For the fourth year in a row, Austria recorded growth in shipments abroad of electrical plugs and sockets for under 1000 v, which increased by 0.1% to 1.1B units in 2022. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, plugs and socket exports reduced modestly to $310M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17%. Over the period under review, the exports hit record highs at $315M in 2021, and then declined slightly in the following year.

Export of Plugs and Socket in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	79.6	129	132	135	19.3%
Hungary	18.7	21.1	21.1	20.9	3.8%
China	6.6	10.2	16.4	15.9	34.1%
United States	22.3	19.9	20.0	15.2	-12.0%
Poland	14.1	13.8	15.9	13.5	-1.4%
Czech Republic	12.9	12.1	12.4	12.0	-2.4%
Romania	11.0	11.5	11.5	11.8	2.4%
Italy	5.9	5.2	7.2	7.9	10.2%
United Kingdom	8.7	11.0	7.6	6.5	-9.3%
Mexico	2.8	2.5	6.0	3.9	11.7%
Philippines	5.3	4.3	3.5	3.7	-11.3%
Netherlands	3.8	2.9	3.3	3.6	-1.8%
United Arab Emirates	1.8	1.1	1.7	2.2	6.9%
Others	55.9	47.0	56.5	57.5	0.9%
Total	249	292	315	310	7.6%