Plugs and Socket Price in Ireland - 2024
Contents:
- Plugs and Socket Price in Ireland (CIF) - 2024
- Plugs and Socket Price in Ireland (FOB) - 2024
- Plugs and Socket Imports in Ireland
- Plugs and Socket Exports in Ireland
Plugs and Socket Price in Ireland (CIF) - 2024
The average plugs and socket import price stood at $419 per thousand units in August 2023, jumping by 18% against the previous month. Over the period from February 2023 to August 2023, it increased at an average monthly rate of +7.1%. The growth pace was the most rapid in March 2023 an increase of 65% against the previous month. As a result, import price attained the peak level of $0.5 per unit. From April 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 Poland ($1.1 per unit), while the price for Austria ($134 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 Poland (+62.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Plugs and Socket Price in Ireland (FOB) - 2024
In August 2023, the average plugs and socket export price amounted to $1.9 per unit, picking up by 51% against the previous month. In general, the export price recorded a significant increase. The pace of growth was the most pronounced in May 2023 when the average export price increased by 143% month-to-month. The export price peaked in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($6.0 per unit), while the average price for exports to the UK ($695 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 Austria (+63.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Ireland
In 2022, the amount of electrical plugs and sockets for under 1000 v imported into Ireland surged to 198M units, rising by 19% against 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports totaled $62M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Plugs and Socket in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.0 | 7.4 | 19.2 | 19.7 | 25.4% |
| Germany | 4.7 | 8.0 | 9.8 | 11.3 | 34.0% |
| United Kingdom | 10.9 | 13.9 | 5.6 | 6.7 | -15.0% |
| United States | 4.2 | 2.1 | 4.0 | 5.2 | 7.4% |
| Taiwan (Chinese) | 3.0 | 4.2 | 3.8 | 3.8 | 8.2% |
| Netherlands | 0.1 | 0.9 | 1.7 | 2.3 | 184.4% |
| Italy | 1.2 | 1.3 | 1.5 | 1.8 | 14.5% |
| Czech Republic | 0.2 | 0.1 | 0.1 | 0.7 | 51.8% |
| Hong Kong SAR | 0.1 | N/A | 0.5 | 0.6 | 81.7% |
| Austria | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Others | 6.5 | 6.8 | 8.6 | 9.9 | 15.1% |
| Total | 41.4 | 45.0 | 55.1 | 62.4 | 14.7% |
Top Suppliers of Plugs and Socket to Ireland in 2022:
- China (112.3M units)
- United Kingdom (21.8M units)
- Germany (21.2M units)
- Taiwan (Chinese) (5.7M units)
- Italy (5.4M units)
- Hong Kong SAR (4.7M units)
- United States (4.3M units)
- Netherlands (3.6M units)
- Czech Republic (3.5M units)
- Austria (3.4M units)
Plugs and Socket Exports in Ireland
After two years of decline, shipments abroad of electrical plugs and sockets for under 1000 v increased by 50% to 10M units in 2022. In general, exports, however, faced a precipitous curtailment. The exports peaked at 99M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, plugs and socket exports surged to $7.5M in 2022. Over the period under review, exports, however, faced a sharp slump. The exports peaked at $55M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Plugs and Socket in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.8 | 2.6 | 1.4 | 1.7 | -23.5% |
| United States | 9.4 | 1.5 | 0.8 | 0.8 | -56.0% |
| Germany | 7.9 | 9.8 | 0.6 | 0.8 | -53.4% |
| Netherlands | 2.7 | 1.9 | 0.3 | 0.5 | -43.0% |
| South Africa | 0.1 | 0.4 | 0.4 | 0.5 | 71.0% |
| France | 3.3 | 3.9 | 0.1 | 0.4 | -50.5% |
| Italy | 1.4 | 1.3 | N/A | 0.2 | -47.7% |
| New Zealand | N/A | N/A | N/A | 0.2 | 0% |
| Poland | 4.2 | 1.9 | N/A | 0.1 | -71.2% |
| China | 2.4 | 0.3 | 0.1 | 0.1 | -65.3% |
| Denmark | 2.7 | 2.2 | N/A | N/A | -18.5% |
| Czech Republic | 0.9 | 0.9 | N/A | N/A | 0.0% |
| Turkey | 6.7 | 7.9 | 0.2 | N/A | -82.7% |
| Others | 9.3 | 6.3 | 1.7 | 2.1 | -39.1% |
| Total | 55.0 | 40.9 | 5.6 | 7.5 | -48.5% |
Top Export Markets for Plugs and Socket from Ireland in 2022:
- United Kingdom (3569.9K units)
- Germany (1567.4K units)
- United States (845.1K units)
- New Zealand (602.5K units)
- Netherlands (569.2K units)
- South Africa (509.0K units)
- France (506.6K units)
- Italy (149.8K units)
- China (115.6K units)
- Poland (77.0K units)
- Denmark (17.9K units)
- Turkey (14.7K units)
- Czech Republic (0.8K units)
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