Plugs and Socket Price in Hungary - 2024
Contents:
- Plugs and Socket Price in Hungary (CIF) - 2024
- Plugs and Socket Price in Hungary (FOB) - 2024
- Plugs and Socket Imports in Hungary
- Plugs and Socket Exports in Hungary
Plugs and Socket Price in Hungary (CIF) - 2024
In August 2023, the average plugs and socket import price amounted to $216 per thousand units, declining by -14.9% against the previous month. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in May 2023 an increase of 15% month-to-month. As a result, import price attained the peak level of $0.4 per unit. From June 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 South Korea ($599 per thousand units), while the price for Turkey ($109 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 Turkey (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Plugs and Socket Price in Hungary (FOB) - 2024
In August 2023, the average plugs and socket export price amounted to $547 per thousand units, falling by -3.5% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 4.4% month-to-month. Over the period under review, the average export prices attained the peak figure at $569 per thousand units in April 2023; however, from May 2023 to August 2023, the export prices remained at a 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 ($1.7 per unit), while the average price for exports to Moldova ($183 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 the UK (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Hungary
In 2022, after three years of growth, there was significant decline in purchases abroad of electrical plugs and sockets for under 1000 v, when their volume decreased by -47.7% to 3.4B units. Over the period under review, imports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of 6.4B units, and then declined markedly in the following year.
In value terms, plugs and socket imports declined to $674M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports reached the peak of $730M, and then shrank in the following year.
| Import of Plugs and Socket in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 316 | 319 | 452 | 397 | 7.9% |
| China | 34.0 | 48.0 | 69.4 | 75.3 | 30.3% |
| Netherlands | 15.6 | 19.8 | 23.8 | 31.6 | 26.5% |
| France | 23.9 | 25.1 | 30.5 | 24.8 | 1.2% |
| Poland | 16.9 | 19.1 | 20.9 | 17.7 | 1.6% |
| Turkey | 5.5 | 6.6 | 7.7 | 6.6 | 6.3% |
| Spain | 8.4 | 5.6 | 6.2 | 4.6 | -18.2% |
| Others | 117 | 116 | 119 | 117 | 0.0% |
| Total | 537 | 560 | 730 | 674 | 7.9% |
Top Suppliers of Plugs and Socket to Hungary in 2022:
- Germany (1253.0M units)
- Poland (615.7M units)
- France (398.2M units)
- China (331.0M units)
- Spain (157.8M units)
- Netherlands (148.3M units)
- Turkey (106.2M units)
Plugs and Socket Exports in Hungary
In 2022, after three years of growth, there was significant decline in shipments abroad of electrical plugs and sockets for under 1000 v, when their volume decreased by -6.2% to 966M units. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 1B units, and then declined in the following year.
In value terms, plugs and socket exports contracted to $456M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $483M, and then declined in the following year.
| Export of Plugs and Socket in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 164 | 176 | 232 | 224 | 11.0% |
| Czech Republic | 35.2 | 28.7 | 39.5 | 43.9 | 7.6% |
| Ukraine | 16.7 | 21.5 | 34.7 | 23.1 | 11.4% |
| France | 27.0 | 22.1 | 24.9 | 22.6 | -5.8% |
| Romania | 19.4 | 29.7 | 25.8 | 20.1 | 1.2% |
| Austria | 5.3 | 8.9 | 15.0 | 14.1 | 38.6% |
| Poland | 7.9 | 7.4 | 9.2 | 10.7 | 10.6% |
| Slovakia | 3.6 | 5.7 | 8.6 | 9.0 | 35.7% |
| Russia | 8.3 | 9.3 | 11.3 | 6.4 | -8.3% |
| Bulgaria | 3.6 | 4.0 | 5.1 | 5.6 | 15.9% |
| Greece | 3.0 | 2.5 | 3.8 | 3.5 | 5.3% |
| Others | 60.3 | 51.7 | 73.0 | 73.0 | 6.6% |
| Total | 354 | 367 | 483 | 456 | 8.8% |
Top Export Markets for Plugs and Socket from Hungary in 2022:
- Germany (401.8M units)
- France (65.2M units)
- Austria (60.8M units)
- Romania (59.1M units)
- Czech Republic (58.9M units)
- Poland (54.8M units)
- Ukraine (46.0M units)
- Slovakia (27.8M units)
- Bulgaria (27.1M units)
- Russia (20.8M units)
- Greece (16.8M units)
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