Plugs and Socket Price in Estonia - 2024
Contents:
- Plugs and Socket Price in Estonia (CIF) - 2024
- Plugs and Socket Price in Estonia (FOB) - 2022
- Plugs and Socket Imports in Estonia
- Plugs and Socket Exports in Estonia
Plugs and Socket Price in Estonia (CIF) - 2024
In August 2023, the average plugs and socket import price amounted to $705 per thousand units, with a decrease of -4.2% against the previous month. Overall, import price indicated mild growth from February 2023 to August 2023: its price increased at an average monthly rate of +1.8% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, plugs and socket import price increased by +132.7% against March 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 69% against the previous month. The import price peaked at $736 per thousand units in July 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($1.6 per unit), while the price for Turkey ($138 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 China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Estonia (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.3 per unit, shrinking by -32.5% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $0.6 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($0.4 per unit), while the average price for exports to Poland ($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 Latvia (+0.5%), while the prices for the other major destinations experienced a decline.
Plugs and Socket Imports in Estonia
In 2022, approx. 90M units of electrical plugs and sockets for under 1000 v were imported into Estonia; picking up by 15% on 2021 figures. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports rose significantly to $45M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Plugs and Socket in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.1 | 12.1 | 11.1 | 11.3 | 3.8% |
| Finland | 3.2 | 4.7 | 6.5 | 5.9 | 22.6% |
| Sweden | 8.8 | 2.5 | 4.7 | 4.2 | -21.9% |
| China | 5.3 | 2.3 | 2.4 | 4.1 | -8.2% |
| Lithuania | 0.6 | 1.6 | 2.4 | 2.7 | 65.1% |
| Latvia | 1.4 | 1.6 | 1.8 | 2.0 | 12.6% |
| Poland | 0.6 | 1.1 | 1.7 | 1.7 | 41.5% |
| Others | 15.0 | 9.1 | 11.5 | 13.1 | -4.4% |
| Total | 45.0 | 35.0 | 42.2 | 45.0 | 0.0% |
Top Suppliers of Plugs and Socket to Estonia in 2022:
- Germany (15.0M units)
- Finland (12.8M units)
- Poland (12.7M units)
- Latvia (11.5M units)
- Lithuania (11.0M units)
- Sweden (7.0M units)
- China (5.9M units)
Plugs and Socket Exports in Estonia
For the fourth year in a row, Estonia recorded growth in overseas shipments of electrical plugs and sockets for under 1000 v, which increased by 24% to 47M units in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% 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 +49.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket exports declined markedly to $13M in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of $15M, and then shrank markedly in the following year.
| Export of Plugs and Socket in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | 0.1 | 0.3 | 3.0 | 115.4% |
| Poland | 2.0 | 1.8 | 1.9 | 2.1 | 1.6% |
| Finland | 1.7 | 1.4 | 1.5 | 1.3 | -8.6% |
| Sweden | 0.8 | 0.5 | 0.7 | 1.3 | 17.6% |
| Norway | 2.2 | 2.7 | 3.3 | 1.0 | -23.1% |
| Russia | 3.7 | 3.4 | 5.4 | 0.6 | -45.5% |
| Latvia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Denmark | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Others | 1.6 | 1.7 | 1.6 | 3.2 | 26.0% |
| Total | 12.8 | 11.9 | 15.3 | 12.8 | 0.0% |
Top Export Markets for Plugs and Socket from Estonia in 2022:
- Poland (15.3M units)
- Germany (7.7M units)
- Norway (6.2M units)
- Finland (5.8M units)
- Sweden (4.0M units)
- Russia (2.2M units)
- Latvia (1.1M units)
- Denmark (0.8M units)
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