Plugs and Socket Price in Pakistan - 2023
Contents:
- Plugs and Socket Price in Pakistan (CIF) - 2022
- Plugs and Socket Price in Pakistan (FOB) - 2022
- Plugs and Socket Imports in Pakistan
- Plugs and Socket Exports in Pakistan
Plugs and Socket Price in Pakistan (CIF) - 2022
The average plugs and socket import price stood at $0.4 per unit in 2022, declining by -48.6% against the previous year. Overall, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2020 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum at $0.7 per unit in 2021, and then contracted remarkably in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($0.4 per unit) and Australia ($0.4 per unit), while the price for China ($0.4 per unit) and the UK ($0.4 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-2.2%), while the prices for the other major suppliers experienced a decline.
Plugs and Socket Price in Pakistan (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.6 per unit, which is down by -4% against the previous year. In general, the export price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52% against the previous year. The export price peaked at $1.1 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($0.6 per unit) and Afghanistan ($0.6 per unit), while the average price for exports to Qatar ($0.6 per unit) and Germany ($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 Saudi Arabia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Pakistan
In 2022, plugs and socket imports into Pakistan expanded notably to 14M units, picking up by 14% against the previous year's figure. Overall, imports, however, recorded a deep slump. Imports peaked at 24M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, plugs and socket imports declined rapidly to $5.3M in 2022. In general, imports, however, showed a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 11%. Imports peaked at $14M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Plugs and Socket in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 6.6 | 6.2 | 3.7 | -32.4% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| United States | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| United Kingdom | 0.2 | 0.3 | 0.5 | 0.2 | 0.0% |
| Vietnam | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Australia | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Germany | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.8 | 0.5 | 1.2 | 0.5 | -14.5% |
| Total | 13.8 | 8.1 | 9.0 | 5.3 | -27.3% |
Top Suppliers of Plugs and Socket to Pakistan in 2022:
- China (10.1M units)
- Taiwan (Chinese) (0.8M units)
- United States (0.6M units)
- United Kingdom (0.6M units)
- Vietnam (0.5M units)
- Germany (0.4M units)
- Australia (0.2M units)
Plugs and Socket Exports in Pakistan
In 2022, after two years of decline, there was significant growth in shipments abroad of electrical plugs and sockets for under 1000 v, when their volume increased by 512% to 157K units. In general, exports continue to indicate tangible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket exports surged to $98K in 2022. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports attained the peak figure at $116K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plugs and Socket in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 72.6 | 19.1 | 0.3 | 64.6 | -3.8% |
| Iraq | 12.2 | N/A | N/A | 18.1 | 14.1% |
| Afghanistan | 28.5 | 1.5 | 15.8 | 11.0 | -27.2% |
| Germany | 1.2 | N/A | N/A | 3.1 | 37.2% |
| Qatar | N/A | N/A | N/A | 1.5 | 0% |
| Yemen | N/A | 19.4 | N/A | N/A | 0% |
| Others | 1.3 | 5.3 | 0.6 | N/A | -32.1% |
| Total | 116 | 45.2 | 16.7 | 98.4 | -5.3% |
Top Export Markets for Plugs and Socket from Pakistan in 2022:
- United Arab Emirates (102.9K units)
- Iraq (28.9K units)
- Afghanistan (17.5K units)
- Germany (4.9K units)
- Qatar (2.5K units)
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