Plugs and Socket Price in Japan - 2024
Contents:
- Plugs and Socket Price in Japan (FOB) - 2022
- Plugs and Socket Price in Japan (CIF) - 2024
- Plugs and Socket Exports in Japan
- Plugs and Socket Imports in Japan
Plugs and Socket Price in Japan (FOB) - 2022
The average plugs and socket export price stood at $1.8 per unit in 2022, flattening at the previous year. Over the period under review, export price indicated prominent growth 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 export price increased by +47.2% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 29% against the previous year. The export price peaked at $1.8 per unit in 2021, and then dropped modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($3.4 per unit), while the average price for exports to Vietnam ($0.4 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 Germany (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Price in Japan (CIF) - 2024
The average plugs and socket import price stood at $768 per thousand units in July 2023, increasing by 7.9% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $787 per thousand units in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4.1 per unit), while the price for China ($421 per thousand units) was amongst the lowest.
From March 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Exports in Japan
In 2022, approx. 250M units of electrical plugs and sockets for under 1000 v were exported from Japan; increasing by 1.9% on 2021. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, plugs and socket exports stood at $437M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Plugs and Socket in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 14.3 | 100 | 178 | 168 | 127.3% |
| China | 55.3 | 67.5 | 57.1 | 60.1 | 2.8% |
| Taiwan (Chinese) | 5.4 | 9.0 | 18.1 | 46.3 | 104.7% |
| United States | 41.0 | 38.8 | 45.7 | 38.6 | -2.0% |
| Netherlands | 21.0 | 21.8 | 30.4 | 30.6 | 13.4% |
| South Korea | 29.7 | 30.5 | 30.5 | 26.7 | -3.5% |
| Singapore | 3.3 | 3.3 | 17.7 | 21.8 | 87.6% |
| Thailand | 15.6 | 11.9 | 13.2 | 11.9 | -8.6% |
| Philippines | 5.2 | 4.1 | 5.1 | 3.9 | -9.1% |
| Vietnam | 4.2 | 3.6 | 4.1 | 3.9 | -2.4% |
| Indonesia | 3.0 | 1.2 | 2.1 | 1.8 | -15.7% |
| Others | 23.3 | 25.5 | 31.3 | 23.7 | 0.6% |
| Total | 221 | 317 | 434 | 437 | 25.5% |
Top Export Markets for Plugs and Socket from Japan in 2022:
- Hong Kong SAR (62.3M units)
- China (52.2M units)
- United States (30.6M units)
- Thailand (17.2M units)
- Taiwan (Chinese) (15.6M units)
- Netherlands (13.3M units)
- Singapore (12.0M units)
- South Korea (11.6M units)
- Vietnam (8.8M units)
- Philippines (8.1M units)
- Indonesia (2.8M units)
Plugs and Socket Imports in Japan
In 2022, the amount of electrical plugs and sockets for under 1000 v imported into Japan expanded rapidly to 420M units, increasing by 5.8% on the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, plugs and socket imports rose sharply to $308M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Plugs and Socket in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.9 | 68.4 | 79.8 | 86.9 | 6.5% |
| Germany | 35.5 | 35.3 | 54.1 | 57.7 | 17.6% |
| United States | 22.6 | 25.3 | 28.1 | 37.5 | 18.4% |
| South Korea | 14.8 | 16.1 | 18.9 | 14.3 | -1.1% |
| Taiwan (Chinese) | 9.1 | 10.1 | 12.2 | 13.4 | 13.8% |
| Thailand | 11.5 | 12.9 | 13.9 | 13.0 | 4.2% |
| Malaysia | 8.9 | 4.5 | 7.5 | 7.6 | -5.1% |
| Poland | 3.1 | 3.6 | 6.2 | 7.4 | 33.6% |
| Vietnam | 3.4 | 4.9 | 7.0 | 7.2 | 28.4% |
| Indonesia | 2.9 | 2.9 | 3.6 | 3.3 | 4.4% |
| Others | 42.5 | 50.6 | 51.2 | 59.4 | 11.8% |
| Total | 226 | 235 | 283 | 308 | 10.9% |
Top Suppliers of Plugs and Socket to Japan in 2022:
- China (199.4M units)
- Germany (65.9M units)
- Thailand (35.6M units)
- Taiwan (Chinese) (31.5M units)
- United States (13.1M units)
- Poland (9.7M units)
- Vietnam (9.6M units)
- Indonesia (7.6M units)
- South Korea (7.2M units)
- Malaysia (6.4M units)
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