Plugs and Socket Price in Brazil - 2024
Contents:
- Plugs and Socket Price in Brazil (CIF) - 2024
- Plugs and Socket Price in Brazil (FOB) - 2022
- Plugs and Socket Imports in Brazil
- Plugs and Socket Exports in Brazil
Plugs and Socket Price in Brazil (CIF) - 2024
The average plugs and socket import price stood at $298 per thousand units in September 2023, which is down by -12.9% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 47% m-o-m. Over the period under review, average import prices hit record highs at $342 per thousand units in August 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($1.4 per unit), while the price for China ($103 per thousand units) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Plugs and Socket Price in Brazil (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, increasing by 23% against the previous year. In general, the export price, however, saw a perceptible contraction. The export price peaked at $0.3 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.5 per unit), while the average price for exports to the Dominican Republic ($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 Venezuela (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Brazil
In 2022, the amount of electrical plugs and sockets for under 1000 v imported into Brazil soared to 145M units, growing by 25% against the previous year's figure. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $39M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +50.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 8.5 | 10.8 | 14.1 | 24.0% |
| United States | 6.5 | 7.3 | 6.7 | 7.5 | 4.9% |
| Germany | 3.6 | 3.1 | 4.2 | 4.1 | 4.4% |
| Italy | 1.7 | 1.2 | 1.7 | 2.2 | 9.0% |
| Others | 6.9 | 5.9 | 7.1 | 11.1 | 17.2% |
| Total | 26.1 | 25.9 | 30.5 | 39.1 | 14.4% |
Top Suppliers of Plugs and Socket to Brazil in 2022:
- China (115.8M units)
- United States (5.5M units)
- Italy (4.9M units)
- Germany (3.1M units)
Plugs and Socket Exports in Brazil
Plugs and socket exports from Brazil dropped to 28M units in 2022, with a decrease of -8% on the previous year. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of 30M units, and then declined in the following year.
In value terms, plugs and socket exports expanded notably to $5M in 2022. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Plugs and Socket in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 721 | 546 | 846 | 858 | 6.0% |
| Bolivia | 809 | 776 | 993 | 833 | 1.0% |
| United States | 910 | 616 | 772 | 776 | -5.2% |
| Argentina | 491 | 361 | 419 | 720 | 13.6% |
| Germany | 568 | 181 | 191 | 395 | -11.4% |
| Chile | 369 | 169 | 275 | 344 | -2.3% |
| Colombia | 116 | 68.3 | 92.0 | 160 | 11.3% |
| Peru | 89.1 | 62.1 | 99.3 | 108 | 6.6% |
| Uruguay | 37.8 | 48.8 | 49.2 | 96.1 | 36.5% |
| Mexico | 107 | 87.7 | 279 | 80.5 | -9.0% |
| Dominican Republic | 33.3 | 60.0 | 78.0 | 71.8 | 29.2% |
| Others | 488 | 266 | 348 | 582 | 6.0% |
| Total | 4,738 | 3,242 | 4,441 | 5,024 | 2.0% |
Top Export Markets for Plugs and Socket from Brazil in 2022:
- Paraguay (10.1M units)
- Bolivia (5.6M units)
- Argentina (2.8M units)
- United States (1.7M units)
- Chile (1.2M units)
- Colombia (1.1M units)
- Germany (1.1M units)
- Dominican Republic (0.9M units)
- Peru (0.8M units)
- Uruguay (0.6M units)
- Mexico (0.3M units)
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