Plugs and Socket Price in Paraguay - 2024
Contents:
- Plugs and Socket Price in Paraguay (CIF) - 2022
- Plugs and Socket Price in Paraguay (FOB) - 2022
- Plugs and Socket Imports in Paraguay
- Plugs and Socket Exports in Paraguay
Plugs and Socket Price in Paraguay (CIF) - 2022
The average plugs and socket import price stood at $0.2 per unit in 2022, picking up by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($0.4 per unit), while the price for Brazil ($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 (+12.5%), while the prices for the other major suppliers experienced a decline.
Plugs and Socket Price in Paraguay (FOB) - 2022
The average plugs and socket export price stood at $1.1 per unit in 2022, rising by 167% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 1,117%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.9 per unit), while the average price for exports to Brazil ($0.3 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 China (+72.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Paraguay
In 2022, approx. 49M units of electrical plugs and sockets for under 1000 v were imported into Paraguay; shrinking by -8.9% against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 54M units, and then fell in the following year.
In value terms, plugs and socket imports skyrocketed to $8M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +56.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Plugs and Socket in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,099 | 1,440 | 2,005 | 3,558 | 19.2% |
| Brazil | 719 | 569 | 879 | 882 | 7.0% |
| Italy | 1,132 | 1,042 | 899 | 766 | -12.2% |
| Germany | 130 | 156 | 896 | 646 | 70.6% |
| Argentina | 874 | 653 | 879 | 643 | -9.7% |
| United States | 607 | 638 | 592 | 475 | -7.8% |
| Uruguay | 184 | 161 | 203 | 253 | 11.2% |
| Others | 537 | 464 | 606 | 796 | 14.0% |
| Total | 6,281 | 5,124 | 6,960 | 8,019 | 8.5% |
Top Suppliers of Plugs and Socket to Paraguay in 2022:
- China (24.4M units)
- Brazil (12.5M units)
- Argentina (3.0M units)
- Italy (2.0M units)
- Germany (2.0M units)
- United States (1.2M units)
- Uruguay (1.0M units)
Plugs and Socket Exports in Paraguay
In 2022, overseas shipments of electrical plugs and sockets for under 1000 v decreased by -63.7% to 19K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 204% against the previous year. As a result, the exports reached the peak of 51K units, and then declined rapidly in the following year.
In value terms, plugs and socket exports shrank to $20K in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, the exports attained the peak of $21K, and then fell slightly in the following year.
| Export of Plugs and Socket in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | N/A | N/A | N/A | 5.3 | 0% |
| United States | 0.6 | 0.9 | 0.7 | 1.9 | 46.8% |
| China | 0.2 | N/A | N/A | N/A | 0% |
| Germany | 1.0 | N/A | N/A | N/A | 0% |
| Mexico | 5.0 | N/A | N/A | N/A | 0% |
| Brazil | 0.2 | 7.3 | 19.7 | N/A | 892.5% |
| Others | 0.1 | 3.2 | 0.1 | 12.7 | 402.7% |
| Total | 7.1 | 11.3 | 20.5 | 19.9 | 41.0% |
Top Export Markets for Plugs and Socket from Paraguay in 2022:
- Bolivia (16.1K units)
- United States (2.1K units)
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