Plugs and Socket Price in Poland - 2024
Contents:
- Plugs and Socket Price in Poland (CIF) - 2024
- Plugs and Socket Price in Poland (FOB) - 2024
- Plugs and Socket Imports in Poland
- Plugs and Socket Exports in Poland
Plugs and Socket Price in Poland (CIF) - 2024
In August 2023, the average plugs and socket import price amounted to $358 per thousand units, with a decrease of -18.2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 36% m-o-m. As a result, import price attained the peak level of $0.5 per unit. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($1.1 per unit), while the price for Turkey ($137 per thousand units) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Denmark (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Poland (FOB) - 2024
The average plugs and socket export price stood at $595 per thousand units in August 2023, picking up by 30% against the previous month. Overall, export price indicated prominent growth from February 2023 to August 2023: its price increased at an average monthly rate of +10.3% 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 increased by +30.5% against July 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 45% m-o-m. Over the period under review, the average export prices hit record highs in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($1.6 per unit), while the average price for exports to Egypt ($205 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 Ukraine (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Poland
For the fourth consecutive year, Poland recorded growth in supplies from abroad of electrical plugs and sockets for under 1000 v, which increased by 0.1% to 1.2B units in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, plugs and socket imports reached $468M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Plugs and Socket in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 80.1 | 125 | 174 | 180 | 31.0% |
| China | 77.6 | 70.7 | 96.2 | 96.3 | 7.5% |
| Netherlands | 5.3 | 26.4 | 32.4 | 32.7 | 83.4% |
| Italy | 9.1 | 10.0 | 25.2 | 31.4 | 51.1% |
| France | 11.1 | 11.5 | 16.1 | 16.4 | 13.9% |
| South Korea | 19.2 | 12.8 | 14.9 | 15.1 | -7.7% |
| Czech Republic | 6.3 | 7.3 | 14.7 | 11.8 | 23.3% |
| Denmark | 3.9 | 5.1 | 6.9 | 7.2 | 22.7% |
| Turkey | 3.5 | 3.2 | 4.9 | 4.2 | 6.3% |
| Hungary | 7.3 | 5.3 | 4.1 | 3.7 | -20.3% |
| Slovakia | 1.2 | 1.5 | 2.6 | 1.9 | 16.6% |
| Others | 73.3 | 58.3 | 74.3 | 67.7 | -2.6% |
| Total | 298 | 337 | 466 | 468 | 16.2% |
Top Suppliers of Plugs and Socket to Poland in 2022:
- Germany (357.6M units)
- China (309.6M units)
- Italy (143.3M units)
- Netherlands (123.3M units)
- Czech Republic (33.1M units)
- Turkey (32.2M units)
- Slovakia (32.0M units)
- France (30.7M units)
- South Korea (23.8M units)
- Denmark (22.6M units)
- Hungary (14.3M units)
Plugs and Socket Exports in Poland
For the fourth year in a row, Poland recorded growth in overseas shipments of electrical plugs and sockets for under 1000 v, which increased by 1.7% to 836M units in 2022. The total export volume increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 22%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, plugs and socket exports declined modestly to $385M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, the exports attained the peak of $391M, and then declined slightly in the following year.
| Export of Plugs and Socket in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 147 | 162 | 198 | 195 | 9.9% |
| Czech Republic | 11.2 | 12.8 | 32.5 | 31.9 | 41.8% |
| France | 8.5 | 13.3 | 15.1 | 18.3 | 29.1% |
| Sweden | 7.6 | 14.6 | 16.1 | 14.2 | 23.2% |
| Hungary | 5.6 | 10.8 | 13.5 | 11.1 | 25.6% |
| Italy | 9.1 | 5.6 | 9.2 | 10.1 | 3.5% |
| Denmark | 5.7 | 7.1 | 8.8 | 8.9 | 16.0% |
| Austria | 2.8 | 3.7 | 5.8 | 5.1 | 22.1% |
| Lithuania | 1.5 | 2.1 | 2.7 | 2.9 | 24.6% |
| Latvia | 1.0 | 1.3 | 1.7 | 2.1 | 28.1% |
| Russia | 4.4 | 4.3 | 4.5 | 1.7 | -27.2% |
| Others | 52.3 | 57.5 | 83.4 | 83.6 | 16.9% |
| Total | 257 | 295 | 391 | 385 | 14.4% |
Top Export Markets for Plugs and Socket from Poland in 2022:
- Germany (420.8M units)
- Sweden (53.1M units)
- Hungary (50.4M units)
- Czech Republic (44.8M units)
- France (44.7M units)
- Denmark (33.9M units)
- Italy (17.3M units)
- Lithuania (15.6M units)
- Latvia (13.9M units)
- Austria (13.0M units)
- Russia (5.5M units)
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