Plugs and Socket Price in Germany - 2024
Contents:
- Plugs and Socket Price in Germany (FOB) - 2024
- Plugs and Socket Price in Germany (CIF) - 2024
- Plugs and Socket Exports in Germany
- Plugs and Socket Imports in Germany
Plugs and Socket Price in Germany (FOB) - 2024
The average plugs and socket export price stood at $797 per thousand units in August 2023, rising by 9.5% against the previous month. Over the period from February 2023 to August 2023, it increased at an average monthly rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1.3 per unit), while the average price for exports to Serbia ($496 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 (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Price in Germany (CIF) - 2024
In August 2023, the average plugs and socket import price amounted to $675 per thousand units, declining by -1.8% against the previous month. Over the last six months, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in June 2023 an increase of 11% against the previous month. As a result, import price attained the peak level of $0.8 per unit. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($1.3 per unit), while the price for Turkey ($215 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 France (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Exports in Germany
In 2022, the amount of electrical plugs and sockets for under 1000 v exported from Germany shrank slightly to 7.8B units, waning by -4.7% against 2021 figures. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports attained the peak of 8.2B units, and then declined slightly in the following year.
In value terms, plugs and socket exports reduced modestly to $5.3B in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports attained the peak of $5.5B, and then reduced slightly in the following year.
Export of Plugs and Socket in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 549 | 674 | 801 | 724 | 9.7% |
Hungary | 376 | 371 | 488 | 432 | 4.7% |
United States | 329 | 310 | 379 | 418 | 8.3% |
Czech Republic | 282 | 252 | 320 | 315 | 3.8% |
Netherlands | 250 | 255 | 323 | 306 | 7.0% |
Romania | 254 | 236 | 275 | 262 | 1.0% |
Poland | 199 | 202 | 242 | 237 | 6.0% |
Italy | 163 | 154 | 218 | 218 | 10.2% |
France | 185 | 174 | 203 | 209 | 4.1% |
Austria | 130 | 135 | 175 | 175 | 10.4% |
Mexico | 123 | 115 | 148 | 134 | 2.9% |
Spain | 95.7 | 92.3 | 119 | 121 | 8.1% |
Turkey | 63.6 | 77.0 | 101 | 108 | 19.3% |
Others | 1,447 | 1,371 | 1,757 | 1,658 | 4.6% |
Total | 4,447 | 4,417 | 5,550 | 5,318 | 6.1% |
Top Export Markets for Plugs and Socket from Germany in 2022:
- China (894.9M units)
- Hungary (682.8M units)
- Romania (532.2M units)
- Netherlands (527.9M units)
- Poland (497.6M units)
- Czech Republic (444.8M units)
- France (358.3M units)
- United States (353.8M units)
- Austria (308.2M units)
- Italy (302.4M units)
- Turkey (217.6M units)
- Mexico (202.1M units)
- Spain (197.3M units)
Plugs and Socket Imports in Germany
In 2022, plugs and socket imports into Germany fell modestly to 5.6B units, waning by -2.3% compared with the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports attained the peak of 5.7B units, and then fell in the following year.
In value terms, plugs and socket imports rose to $3.1B in 2022. The total import value increased at an average annual rate of +7.9% 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 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
Import of Plugs and Socket in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 491 | 424 | 539 | 570 | 5.1% |
Czech Republic | 205 | 228 | 305 | 304 | 14.0% |
France | 82.5 | 134 | 259 | 271 | 48.7% |
Netherlands | 76.6 | 152 | 242 | 257 | 49.7% |
Hungary | 155 | 177 | 227 | 211 | 10.8% |
Poland | 166 | 160 | 187 | 184 | 3.5% |
United States | 211 | 134 | 159 | 174 | -6.2% |
Switzerland | 237 | 159 | 166 | 155 | -13.2% |
Romania | 78.1 | 80.9 | 114 | 113 | 13.1% |
Taiwan (Chinese) | 76.8 | 56.5 | 90.9 | 103 | 10.3% |
Austria | 62.9 | 92.3 | 95.9 | 96.5 | 15.3% |
Belgium | 33.3 | 62.0 | 81.2 | 86.2 | 37.3% |
Tunisia | 21.9 | 19.1 | 26.9 | 27.7 | 8.1% |
Others | 591 | 528 | 559 | 573 | -1.0% |
Total | 2,488 | 2,406 | 3,051 | 3,125 | 7.9% |
Top Suppliers of Plugs and Socket to Germany in 2022:
- China (1112.9M units)
- Czech Republic (624.8M units)
- France (624.5M units)
- Hungary (367.6M units)
- Poland (317.3M units)
- Netherlands (303.2M units)
- Switzerland (279.7M units)
- Belgium (273.5M units)
- Austria (264.2M units)
- Romania (191.0M units)
- United States (157.3M units)
- Taiwan (Chinese) (118.1M units)
- Tunisia (114.3M units)
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