Plugs and Socket Price in Romania - 2024
Contents:
- Plugs and Socket Price in Romania (CIF) - 2022
- Plugs and Socket Price in Romania (FOB) - 2024
- Plugs and Socket Imports in Romania
- Plugs and Socket Exports in Romania
Plugs and Socket Price in Romania (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $0.4 per unit, growing by 3.7% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 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 Germany ($0.5 per unit), while the price for Turkey ($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 (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Romania (FOB) - 2024
In August 2023, the average plugs and socket export price amounted to $200 per thousand units, with an increase of 5.4% against the previous month. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in March 2023 an increase of 163% m-o-m. As a result, the export price reached the peak level of $0.4 per unit. From April 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($607 per thousand units), while the average price for exports to Morocco ($164 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 Hungary (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Romania
In 2022, plugs and socket imports into Romania was estimated at 1.3B units, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, plugs and socket imports rose slightly to $516M in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Plugs and Socket in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 285 | 273 | 304 | 305 | 2.3% |
| China | 22.7 | 25.9 | 42.8 | 49.7 | 29.9% |
| Czech Republic | 23.9 | 19.6 | 21.2 | 26.2 | 3.1% |
| Hungary | 11.6 | 15.5 | 23.9 | 18.7 | 17.3% |
| Italy | 14.2 | 14.5 | 17.2 | 17.7 | 7.6% |
| France | 13.6 | 15.2 | 15.4 | 16.0 | 5.6% |
| Austria | 9.8 | 9.6 | 10.4 | 13.0 | 9.9% |
| Turkey | 4.2 | 4.6 | 4.5 | 3.5 | -5.9% |
| Others | 55.1 | 52.4 | 55.5 | 65.8 | 6.1% |
| Total | 440 | 431 | 495 | 516 | 5.5% |
Top Suppliers of Plugs and Socket to Romania in 2022:
- Germany (656.4M units)
- China (142.4M units)
- Czech Republic (95.1M units)
- Italy (75.0M units)
- Hungary (69.1M units)
- France (42.5M units)
- Austria (39.4M units)
- Turkey (37.4M units)
Plugs and Socket Exports in Romania
In 2022, approx. 896M units of electrical plugs and sockets for under 1000 v were exported from Romania; increasing by 53% compared with 2021 figures. Overall, exports showed a significant increase. 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 dropped to $200M in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of $212M, and then fell in the following year.
| Export of Plugs and Socket in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.3 | 52.3 | 75.4 | 70.7 | 16.0% |
| Serbia | 16.5 | 14.0 | 16.4 | 19.3 | 5.4% |
| Moldova | 11.7 | 8.6 | 10.5 | 14.9 | 8.4% |
| France | 2.8 | 2.3 | 5.1 | 14.4 | 72.6% |
| United Kingdom | 21.3 | 23.7 | 21.4 | 11.4 | -18.8% |
| Italy | 9.0 | 9.0 | 11.9 | 10.7 | 5.9% |
| Ukraine | 10.6 | 11.8 | 13.0 | 7.3 | -11.7% |
| Spain | 0.7 | 0.9 | 1.1 | 6.3 | 108.0% |
| Sweden | 15.6 | 11.6 | 9.1 | 5.8 | -28.1% |
| Egypt | 3.3 | 4.3 | 4.2 | 4.4 | 10.1% |
| Hungary | 1.8 | 2.3 | 5.1 | 3.9 | 29.4% |
| Poland | 1.2 | 1.6 | 1.7 | 2.4 | 26.0% |
| Switzerland | 1.0 | 1.5 | 1.7 | 1.7 | 19.3% |
| Others | 44.2 | 40.1 | 35.7 | 26.3 | -15.9% |
| Total | 185 | 184 | 212 | 200 | 2.6% |
Top Export Markets for Plugs and Socket from Romania in 2022:
- Germany (291.0M units)
- Italy (107.9M units)
- Serbia (55.1M units)
- France (52.5M units)
- Moldova (49.3M units)
- Poland (49.0M units)
- Spain (48.6M units)
- Egypt (40.1M units)
- Hungary (40.0M units)
- United Kingdom (19.7M units)
- Ukraine (16.0M units)
- Sweden (15.8M units)
- Switzerland (15.5M units)
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