Plugs and Socket Price in Belarus - 2022
Contents:
- Plugs and Socket Price in Belarus (CIF) - 2022
- Plugs and Socket Price in Belarus (FOB) - 2022
- Plugs and Socket Imports in Belarus
- Plugs and Socket Exports in Belarus
Plugs and Socket Price in Belarus (CIF) - 2022
In March 2022, the average plugs and socket import price amounted to $171 per thousand units, shrinking by -16.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 an increase of 53% against the previous month. Over the period under review, average import prices attained the peak figure at $300 per thousand units in September 2021; however, from October 2021 to March 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($748 per thousand units), while the price for China ($76.0 per thousand units) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Belarus (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $76 per thousand units, with an increase of 1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 6.7% against the previous year. The export price peaked at $99 per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($130 per thousand units), while the average price for exports to Russia ($67 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Belarus
In 2022, purchases abroad of electrical plugs and sockets for under 1000 v decreased by -54.5% to 59M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 8.2%. As a result, imports reached the peak of 130M units, and then contracted notably in the following year.
In value terms, plugs and socket imports dropped rapidly to $8.4M in 2022. Over the period under review, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of $27M, and then shrank rapidly in the following year.
| Import of Plugs and Socket in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.5 | 2.1 | 2.6 | 37.5% |
| Turkey | 1.7 | 1.8 | 2.5 | 2.3 | 10.6% |
| Poland | 1.1 | 2.0 | 2.4 | 1.1 | 0.0% |
| Germany | 2.6 | 2.8 | 3.4 | 0.7 | -35.4% |
| Lithuania | 1.5 | 1.6 | 2.5 | 0.6 | -26.3% |
| Bulgaria | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Russia | 7.4 | 7.4 | 8.8 | N/A | 9.0% |
| Others | 2.8 | 4.4 | 4.8 | 1.0 | -29.1% |
| Total | 18.3 | 21.6 | 26.7 | 8.4 | -22.9% |
Top Suppliers of Plugs and Socket to Belarus in 2022:
- Turkey (29.4M units)
- China (24.2M units)
- Poland (1.3M units)
- Germany (1.0M units)
- Lithuania (0.8M units)
- Bulgaria (0.6M units)
Plugs and Socket Exports in Belarus
In 2022, shipments abroad of electrical plugs and sockets for under 1000 v decreased by -86.2% to 25M units, falling for the second consecutive year after two years of growth. In general, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 181M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, plugs and socket exports plummeted to $1.9M in 2022. Overall, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 8% against the previous year. Over the period under review, the exports attained the peak figure at $13M in 2021, and then fell remarkably in the following year.
| Export of Plugs and Socket in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.9 | 8.9 | 9.7 | 1.4 | -43.8% |
| Ukraine | 1.3 | 1.7 | 1.5 | 0.2 | -46.4% |
| Lithuania | 0.3 | 0.4 | 0.4 | 0.1 | -30.7% |
| Kazakhstan | 0.9 | 1.0 | 1.0 | 0.1 | -51.9% |
| Others | 1.3 | 0.7 | 0.8 | 0.1 | -57.5% |
| Total | 11.7 | 12.6 | 13.4 | 1.9 | -45.4% |
Top Export Markets for Plugs and Socket from Belarus in 2022:
- Russia (20.4M units)
- Ukraine (2.2M units)
- Kazakhstan (1.5M units)
- Lithuania (0.4M units)
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