Plugs and Socket Price in Iran - 2022
Contents:
- Plugs and Socket Price in Iran (CIF) - 2022
- Plugs and Socket Price in Iran (FOB) - 2022
- Plugs and Socket Imports in Iran
- Plugs and Socket Exports in Iran
Plugs and Socket Price in Iran (CIF) - 2022
The average plugs and socket import price stood at $0.1 per unit in 2022, waning by -24.4% against the previous year. Overall, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 26%. Over the period under review, average import prices reached the maximum at $0.2 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Germany ($0.7 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 Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Iran (FOB) - 2022
The average plugs and socket export price stood at $70 per thousand units in 2022, increasing by 13% against the previous year. Overall, the export price, however, recorded a slight shrinkage. Over the period under review, the average export prices attained the peak figure at $81 per thousand units in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($116 per thousand units), while the average price for exports to Georgia ($42 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Plugs and Socket Imports in Iran
In 2022, supplies from abroad of electrical plugs and sockets for under 1000 v decreased by -28.1% to 64M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.6% 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 +17.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 89M units, and then fell sharply in the following year.
In value terms, plugs and socket imports dropped notably to $7.9M in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 45%. As a result, imports reached the peak of $15M, and then plummeted in the following year.
| Import of Plugs and Socket in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 3.6 | 5.7 | 2.3 | -28.9% |
| Turkey | 1.1 | 1.7 | 1.9 | 1.5 | 10.9% |
| Singapore | 0.3 | 1.2 | 1.4 | 0.8 | 38.7% |
| United Arab Emirates | 0.6 | 1.4 | 1.8 | 0.8 | 10.1% |
| Hong Kong SAR | 0.8 | 0.3 | 1.2 | 0.7 | -4.4% |
| Azerbaijan | N/A | 0.5 | 1.1 | 0.6 | 9.5% |
| Others | 2.7 | 1.4 | 1.4 | 1.1 | -25.9% |
| Total | 11.9 | 10.0 | 14.5 | 7.9 | -12.8% |
Top Suppliers of Plugs and Socket to Iran in 2022:
- China (29.7M units)
- Turkey (14.2M units)
- Azerbaijan (7.4M units)
- United Arab Emirates (6.8M units)
- Singapore (1.8M units)
- Hong Kong SAR (1.3M units)
Plugs and Socket Exports in Iran
In 2022, exports of electrical plugs and sockets for under 1000 v from Iran dropped markedly to 3.4M units, which is down by -80.2% compared with 2021. In general, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of 17M units, and then dropped remarkably in the following year.
In value terms, plugs and socket exports reduced remarkably to $235K in 2022. Overall, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of $1.1M, and then fell notably in the following year.
| Export of Plugs and Socket in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 430 | 492 | 488 | 109 | -36.7% |
| Uzbekistan | 238 | 85.6 | 140 | 33.2 | -48.1% |
| Canada | 0.1 | 0.1 | 60.2 | 26.9 | 545.5% |
| Niger | 8.2 | 18.5 | 83.2 | 18.7 | 31.6% |
| Iraq | 50.8 | 121 | 32.5 | 14.1 | -34.8% |
| Turkey | 14.7 | 32.0 | 32.5 | 8.2 | -17.7% |
| Azerbaijan | 17.9 | 19.8 | 18.5 | 4.5 | -36.9% |
| Georgia | 35.9 | 6.9 | 6.2 | 2.8 | -57.3% |
| Tajikistan | 71.3 | 12.6 | 133 | 1.4 | -73.0% |
| Syrian Arab Republic | 64.0 | N/A | N/A | N/A | 0% |
| Others | 91.9 | 71.9 | 61.8 | 16.0 | -44.2% |
| Total | 1,023 | 860 | 1,056 | 235 | -38.8% |
Top Export Markets for Plugs and Socket from Iran in 2022:
- Afghanistan (1817.3K units)
- Uzbekistan (450.6K units)
- Niger (311.5K units)
- Iraq (247.9K units)
- Canada (230.9K units)
- Azerbaijan (70.4K units)
- Georgia (65.4K units)
- Turkey (39.1K units)
- Tajikistan (13.7K units)
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