Plugs and Socket Price in Slovakia - 2024
Contents:
- Plugs and Socket Price in Slovakia (CIF) - 2024
- Plugs and Socket Price in Slovakia (FOB) - 2022
- Plugs and Socket Imports in Slovakia
- Plugs and Socket Exports in Slovakia
Plugs and Socket Price in Slovakia (CIF) - 2024
The average plugs and socket import price stood at $685 per thousand units in August 2023, with an increase of 9.5% against the previous month. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 123% against the previous month. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Taiwan (Chinese) ($1.0 per unit), while the price for the Philippines ($73.0 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 Belgium (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Slovakia (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, with an increase of 13% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plugs and socket export price increased by +62.8% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 36%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($0.6 per unit), while the average price for exports to Italy (less than $0.1 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 Russia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Slovakia
Plugs and socket imports into Slovakia fell modestly to 376M units in 2022, reducing by -2.8% compared with the previous year's figure. Over the period under review, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, imports hit record highs at 412M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, plugs and socket imports expanded significantly to $166M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +44.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. 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 Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 30.0 | 31.4 | 42.3 | 41.9 | 11.8% |
| Netherlands | 19.9 | 24.9 | 33.9 | 40.8 | 27.0% |
| Czech Republic | 7.0 | 10.4 | 12.3 | 12.6 | 21.6% |
| China | 13.7 | 9.2 | 12.7 | 12.5 | -3.0% |
| South Korea | 8.7 | 6.1 | 7.4 | 10.8 | 7.5% |
| Austria | 2.4 | 4.0 | 5.5 | 8.3 | 51.2% |
| Hungary | 3.1 | 5.4 | 7.5 | 8.1 | 37.7% |
| Belgium | 2.3 | 3.2 | 5.2 | 6.5 | 41.4% |
| Italy | 3.4 | 3.3 | 4.3 | 4.6 | 10.6% |
| France | 4.4 | 3.8 | 4.8 | 3.0 | -12.0% |
| Poland | 1.9 | 1.3 | 1.6 | 2.9 | 15.1% |
| United Kingdom | 2.8 | 4.0 | 1.6 | 1.3 | -22.6% |
| Others | 18.9 | 7.9 | 12.8 | 12.3 | -13.3% |
| Total | 119 | 115 | 152 | 166 | 11.7% |
Top Suppliers of Plugs and Socket to Slovakia in 2022:
- Germany (75.6M units)
- Netherlands (73.5M units)
- Czech Republic (47.1M units)
- Italy (38.4M units)
- Austria (25.7M units)
- China (22.7M units)
- South Korea (22.3M units)
- Hungary (17.3M units)
- Belgium (12.2M units)
- France (10.5M units)
- Poland (7.4M units)
- United Kingdom (1.3M units)
Plugs and Socket Exports in Slovakia
In 2022, exports of electrical plugs and sockets for under 1000 v from Slovakia declined to 198M units, with a decrease of -2.7% compared with the previous year's figure. Overall, exports showed a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 36%. The exports peaked at 224M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plugs and socket exports expanded sharply to $38M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +59.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 45%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Plugs and Socket in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2.6 | 2.7 | 3.5 | 12.5 | 68.8% |
| Italy | 4.6 | 4.3 | 4.6 | 4.7 | 0.7% |
| Germany | 3.1 | 3.7 | 9.0 | 3.4 | 3.1% |
| Poland | 1.4 | 1.6 | 2.0 | 1.9 | 10.7% |
| Serbia | 0.8 | 1.8 | 2.0 | 1.8 | 31.0% |
| Russia | 0.1 | 0.1 | 1.9 | 1.4 | 141.0% |
| Slovenia | 0.2 | 0.4 | 0.3 | 0.9 | 65.1% |
| Thailand | N/A | 0.2 | 0.6 | 0.7 | 87.1% |
| Hungary | 2.3 | 1.3 | 0.7 | 0.6 | -36.1% |
| Bulgaria | N/A | N/A | 0.5 | 0.6 | 20.0% |
| France | 2.2 | 0.6 | 0.4 | 0.3 | -48.5% |
| Others | 8.9 | 7.0 | 8.7 | 8.9 | 0.0% |
| Total | 26.2 | 23.6 | 34.4 | 37.7 | 12.9% |
Top Export Markets for Plugs and Socket from Slovakia in 2022:
- Italy (102.0M units)
- Czech Republic (31.1M units)
- Germany (9.1M units)
- Poland (9.0M units)
- Slovenia (6.5M units)
- Bulgaria (6.0M units)
- Serbia (5.9M units)
- Thailand (4.8M units)
- Russia (4.7M units)
- Hungary (3.9M units)
- France (0.5M units)
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