Plugs and Socket Price in Luxembourg - 2024

Contents:

1. Plugs and Socket Price in Luxembourg (CIF) - 2022
2. Plugs and Socket Price in Luxembourg (FOB) - 2024
3. Plugs and Socket Imports in Luxembourg
4. Plugs and Socket Exports in Luxembourg

Plugs and Socket Price in Luxembourg (CIF) - 2022

In 2022, the average plugs and socket import price amounted to $0.2 per unit, shrinking by -8.5% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 53% against the previous year. The import price peaked at $0.3 per unit in 2012; however, from 2013 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 China ($0.8 per unit), while the price for Belgium ($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 China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Plugs and Socket Price in Luxembourg (FOB) - 2024

In August 2023, the average plugs and socket export price amounted to $550 per thousand units, dropping by -9.3% against the previous month. Over the period under review, export price indicated strong growth from February 2023 to August 2023: its price increased at an average monthly rate of +5.1% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, plugs and socket export price decreased by -9.3% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 141% m-o-m. As a result, the export price reached the peak level of $0.6 per unit. From July 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was India ($728 per thousand units), while the average price for exports to Brazil ($301 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 India (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plugs and Socket Imports in Luxembourg

In 2022, after two years of decline, there was significant growth in overseas purchases of electrical plugs and sockets for under 1000 v, when their volume increased by 9.9% to 48M units. Overall, imports, however, recorded a deep setback. Imports peaked at 56M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plugs and socket imports amounted to $12M in 2022. The total import value increased at an average annual rate of +13.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 27% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Plugs and Socket to Luxembourg in 2022:

1. Belgium (27.4M units)
2. Germany (15.6M units)
3. France (1.6M units)
4. Netherlands (1.2M units)
5. Austria (0.8M units)

Plugs and Socket Exports in Luxembourg

In 2022, shipments abroad of electrical plugs and sockets for under 1000 v decreased by -47.5% to 10M units, falling for the second year in a row after two years of growth. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 44% against the previous year. As a result, the exports reached the peak of 20M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plugs and socket exports declined dramatically to $4M in 2022. Over the period under review, exports showed a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, the exports attained the peak of $6.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Plugs and Socket from Luxembourg in 2022:

1. Germany (7.4M units)
2. Belgium (1.0M units)
3. United States (0.7M units)
4. France (0.6M units)
5. Netherlands (0.2M units)

Source: IndexBox Market Intelligence Platform