Plugs and Socket Price in Greece - 2024
Contents:
- Plugs and Socket Price in Greece (CIF) - 2022
- Plugs and Socket Price in Greece (FOB) - 2022
- Plugs and Socket Imports in Greece
- Plugs and Socket Exports in Greece
Plugs and Socket Price in Greece (CIF) - 2022
The average plugs and socket import price stood at $0.2 per unit in 2022, picking up by 1.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 10% against the previous year. Over the period under review, average import prices hit record highs at $0.2 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($0.4 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Greece (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.2 per unit, with an increase of 18% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plugs and socket export price increased by +31.6% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 74%. The export price peaked at $0.2 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 Malta ($0.3 per unit), while the average price for exports to Hungary ($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 Malta (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Greece
In 2022, imports of electrical plugs and sockets for under 1000 v into Greece amounted to 169M units, increasing by 13% on the previous year's figure. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% 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 +48.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, plugs and socket imports soared to $33M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +46.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Plugs and Socket in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.7 | 7.5 | 8.7 | 9.4 | 11.9% |
| China | 3.8 | 2.9 | 3.2 | 6.1 | 17.1% |
| Hungary | 2.4 | 2.6 | 3.7 | 3.9 | 17.6% |
| Italy | 2.4 | 2.5 | 3.1 | 3.5 | 13.4% |
| Germany | 2.6 | 2.7 | 3.9 | 3.2 | 7.2% |
| Turkey | 0.5 | 0.9 | 1.0 | 1.5 | 44.2% |
| Austria | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Others | 4.8 | 2.7 | 4.2 | 4.4 | -2.9% |
| Total | 23.8 | 22.4 | 28.4 | 32.7 | 11.2% |
Top Suppliers of Plugs and Socket to Greece in 2022:
- China (65.9M units)
- France (33.7M units)
- Hungary (17.1M units)
- Germany (16.0M units)
- Turkey (13.9M units)
- Italy (9.2M units)
- Austria (3.5M units)
Plugs and Socket Exports in Greece
In 2022, overseas shipments of electrical plugs and sockets for under 1000 v decreased by -8.9% to 54M units, falling for the second year in a row after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, the exports attained the peak of 75M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, plugs and socket exports reached $9.5M in 2022. In general, exports continue to indicate a abrupt decrease. The exports peaked at $13M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plugs and Socket in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.3 | 3.4 | 3.2 | 3.2 | 11.6% |
| Cyprus | 3.3 | 3.2 | 2.5 | 2.4 | -10.1% |
| Italy | 0.4 | N/A | 0.2 | 0.9 | 31.0% |
| Poland | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Malta | 0.1 | 0.2 | 0.4 | 0.4 | 58.7% |
| Hungary | 0.8 | 0.5 | 0.6 | 0.3 | -27.9% |
| Romania | 0.4 | 0.8 | 0.2 | 0.2 | -20.6% |
| Belgium | 1.7 | 0.1 | 0.4 | 0.1 | -61.1% |
| Others | 3.8 | 1.6 | 1.1 | 1.5 | -26.6% |
| Total | 13.1 | 10.1 | 8.9 | 9.5 | -10.2% |
Top Export Markets for Plugs and Socket from Greece in 2022:
- Germany (20.1M units)
- Cyprus (10.1M units)
- Italy (7.5M units)
- Poland (4.3M units)
- Hungary (2.4M units)
- Malta (1.4M units)
- Romania (1.2M units)
- Belgium (0.6M units)
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