Plugs and Socket Price in Saudi Arabia - 2022
Contents:
Plugs and Socket Price in Saudi Arabia (FOB) - 2022
In 2021, the average plugs and socket export price amounted to $0.1 per unit, with a decrease of -11.4% against the previous year. Over the period under review, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 42%. The export price peaked at $0.3 per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($27 per unit), while the average price for exports to Bahrain (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+185.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Exports in Saudi Arabia
Plugs and socket exports from Saudi Arabia shrank rapidly to 2.8M units in 2022, which is down by -45.7% against 2021 figures. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 2% against the previous year. The exports peaked at 5.9M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plugs and socket exports stood at $437K in 2022. In general, exports recorded a abrupt setback. Over the period under review, the exports attained the maximum at $709K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Plugs and Socket in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Arab Emirates | 10.5 | 161 | 209 | 346.1% |
| Bahrain | N/A | 156 | 76.1 | -51.2% |
| Italy | N/A | N/A | 15.0 | 0% |
| Yemen | N/A | 28.9 | 0.7 | -97.6% |
| Others | 699 | 123 | 123 | -58.1% |
| Total | 709 | 469 | 424 | -22.7% |
Top Export Markets for Plugs and Socket from Saudi Arabia in 2022:
- United Arab Emirates (3.6M units)
- Bahrain (1.6M units)
- Italy (0.2M units)
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