Plugs and Socket Price in Israel - 2024
Contents:
- Plugs and Socket Price in Israel (CIF) - 2022
- Plugs and Socket Price in Israel (FOB) - 2022
- Plugs and Socket Imports in Israel
- Plugs and Socket Exports in Israel
Plugs and Socket Price in Israel (CIF) - 2022
The average plugs and socket import price stood at $0.8 per unit in 2022, picking up by 6.1% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 import price increased by +65.1% against 2014 indices. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($0.8 per unit) and China ($0.8 per unit), while the price for South Korea ($0.8 per unit) and the UK ($0.8 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Israel (FOB) - 2022
The average plugs and socket export price stood at $0.6 per unit in 2022, declining by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2015 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $0.6 per unit in 2021, and then declined modestly in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($0.6 per unit) and India ($0.6 per unit), while the average price for exports to Singapore ($0.6 per unit) and South Korea ($0.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Israel
In 2022, plugs and socket imports into Israel expanded remarkably to 314M units, surging by 11% against the year before. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $238M in 2022. The total import value increased at an average annual rate of +12.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Plugs and Socket in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 61.2 | 69.4 | 59.0 | 92.5 | 14.8% |
| Germany | 14.3 | 27.3 | 18.1 | 29.2 | 26.9% |
| China | 24.2 | 12.8 | 39.8 | 20.1 | -6.0% |
| France | 10.0 | 9.5 | 9.8 | 11.4 | 4.5% |
| Switzerland | 2.1 | 5.0 | 3.8 | 10.7 | 72.1% |
| United Kingdom | 8.6 | 8.4 | 7.8 | 10.4 | 6.5% |
| Hong Kong SAR | 3.1 | 4.7 | 3.8 | 10.1 | 48.2% |
| Netherlands | 2.5 | 4.9 | 2.0 | 9.2 | 54.4% |
| Italy | 9.0 | 7.7 | 9.2 | 8.7 | -1.1% |
| Taiwan (Chinese) | 6.0 | 6.3 | 7.7 | 8.3 | 11.4% |
| South Korea | 3.7 | 3.2 | 6.4 | 5.6 | 14.8% |
| Belgium | 1.3 | 3.4 | 4.2 | 5.3 | 59.8% |
| Mexico | 6.3 | N/A | 7.9 | 2.1 | -30.7% |
| Others | 14.2 | 9.5 | 23.2 | 14.0 | -0.5% |
| Total | 167 | 172 | 203 | 238 | 12.5% |
Top Suppliers of Plugs and Socket to Israel in 2022:
- United States (122.0M units)
- Germany (38.6M units)
- China (26.6M units)
- France (15.1M units)
- Switzerland (14.2M units)
- United Kingdom (13.7M units)
- Hong Kong SAR (13.3M units)
- Netherlands (12.1M units)
- Italy (11.5M units)
- Taiwan (Chinese) (11.0M units)
- South Korea (7.4M units)
- Belgium (7.0M units)
- Mexico (2.8M units)
Plugs and Socket Exports in Israel
Plugs and socket exports from Israel soared to 15M units in 2022, increasing by 91% on 2021. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 239% against the previous year. As a result, the exports attained the peak of 39M units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, plugs and socket exports soared to $9.4M in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 294% against the previous year. As a result, the exports attained the peak of $24M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Plugs and Socket in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,251 | 1,284 | 826 | 2,202 | 20.7% |
| Thailand | 2.0 | 1.0 | 6.0 | 1,042 | 704.7% |
| Hong Kong SAR | 302 | 188 | 140 | 900 | 43.9% |
| India | 1,719 | 17,963 | 750 | 692 | -26.2% |
| United Kingdom | 419 | 296 | 294 | 565 | 10.5% |
| Romania | 24.0 | 18.0 | 29.0 | 517 | 178.2% |
| South Korea | 29.0 | 731 | 618 | 504 | 159.0% |
| Taiwan (Chinese) | 74.0 | 77.0 | 107 | 474 | 85.7% |
| China | 514 | 343 | 368 | 430 | -5.8% |
| United Arab Emirates | N/A | N/A | 7.0 | 346 | 4842.9% |
| Singapore | 601 | 76.0 | 188 | 311 | -19.7% |
| Greece | 54.0 | 1.0 | N/A | 155 | 42.1% |
| Germany | 157 | 1,268 | 161 | 121 | -8.3% |
| Others | 1,001 | 1,971 | 1,621 | 1,182 | 5.7% |
| Total | 6,147 | 24,217 | 5,115 | 9,441 | 15.4% |
Top Export Markets for Plugs and Socket from Israel in 2022:
- United States (3.5M units)
- Thailand (1.7M units)
- Hong Kong SAR (1.4M units)
- India (1.1M units)
- United Kingdom (0.9M units)
- Romania (0.8M units)
- Taiwan (Chinese) (0.8M units)
- South Korea (0.8M units)
- China (0.7M units)
- United Arab Emirates (0.6M units)
- Singapore (0.5M units)
- Greece (0.2M units)
- Germany (0.2M units)
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