Plugs and Socket Price in France - 2024

Plugs and Socket Price in France (CIF) - 2024

The average plugs and socket import price stood at $61.7 per thousand units in August 2023, which is down by -87.9% against the previous month. Overall, the import price continues to indicate a significant decline. The pace of growth was the most pronounced in April 2023 an increase of 13% against the previous month. As a result, import price reached the peak level of $0.7 per unit. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($2.3 per unit), while the price for Turkey ($173 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 Spain (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Plugs and Socket Price in France (FOB) - 2024

In August 2023, the average plugs and socket export price amounted to $655 per thousand units, waning by -1.9% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 14% m-o-m. As a result, the export price attained the peak level of $0.8 per unit. From June 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the UK ($2.4 per unit), while the average price for exports to Ukraine ($255 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 India (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plugs and Socket Imports in France

In 2022, the amount of electrical plugs and sockets for under 1000 v imported into France expanded remarkably to 2.2B units, with an increase of 7.8% against the previous year's figure. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, plugs and socket imports expanded remarkably to $837M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +48.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Import of Plugs and Socket in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	137	108	169	197	12.9%
Germany	89.3	121	152	154	19.9%
Netherlands	24.2	19.8	42.7	36.7	14.9%
Poland	35.4	25.7	21.7	33.3	-2.0%
Hungary	29.5	25.3	32.6	24.5	-6.0%
Belgium	3.9	20.9	25.4	23.5	82.0%
Spain	24.4	26.2	37.3	22.3	-3.0%
Taiwan (Chinese)	11.1	11.7	15.4	22.2	26.0%
Italy	16.4	14.3	15.8	15.5	-1.9%
Egypt	8.1	8.9	11.7	8.7	2.4%
Turkey	6.0	5.1	7.4	8.4	11.9%
Others	216	176	237	291	10.4%
Total	602	564	768	837	11.6%

Top Suppliers of Plugs and Socket to France in 2022:

China (841.6M units)
Germany (401.2M units)
Spain (137.2M units)
Poland (128.4M units)
Hungary (84.3M units)
Netherlands (83.3M units)
Belgium (77.6M units)
Turkey (63.6M units)
Egypt (59.1M units)
Italy (54.2M units)
Taiwan (Chinese) (42.3M units)

Plugs and Socket Exports in France

In 2022, the amount of electrical plugs and sockets for under 1000 v exported from France rose sharply to 1.6B units, surging by 12% on 2021 figures. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plugs and socket exports reached $828M in 2022. The total export value increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Plugs and Socket in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	98.9	107	165	191	24.5%
Netherlands	23.4	29.5	66.0	63.1	39.2%
Spain	35.4	36.3	50.7	52.9	14.3%
Morocco	51.8	36.7	35.9	45.8	-4.0%
Italy	30.9	30.7	47.1	44.5	12.9%
Belgium	24.3	25.5	42.9	43.5	21.4%
Romania	13.9	21.9	28.2	38.0	39.8%
Hungary	17.4	24.8	33.0	31.8	22.3%
Tunisia	16.6	12.4	16.7	29.3	20.9%
Poland	15.5	17.2	23.3	23.7	15.2%
China	18.3	21.8	22.0	20.7	4.2%
Austria	6.8	8.8	13.2	13.7	26.3%
Greece	6.9	7.8	9.5	12.4	21.6%
Others	297	236	225	218	-9.8%
Total	657	615	778	828	8.0%