Plugs and Socket Price in Spain - 2024
Contents:
- Plugs and Socket Price in Spain (CIF) - 2024
- Plugs and Socket Price in Spain (FOB) - 2022
- Plugs and Socket Imports in Spain
- Plugs and Socket Exports in Spain
Plugs and Socket Price in Spain (CIF) - 2024
The average plugs and socket import price stood at $334 per thousand units in August 2023, reducing by -18.6% against the previous month. Over the period under review, the import price saw a slight decline. The growth pace was the most rapid in April 2023 when the average import price increased by 100% against the previous month. Over the period under review, average import prices hit record highs at $411 per thousand units in July 2023, and then fell rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Czech Republic ($714 per thousand units), while the price for Portugal ($71.0 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 the Czech Republic (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Spain (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, falling by -21.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. As a result, the export price reached the peak level of $0.3 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.5 per unit), while the average price for exports to Romania ($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 the United States (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Spain
In 2022, approx. 1B units of electrical plugs and sockets for under 1000 v were imported into Spain; surging by 6.6% against the year before. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% 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 +74.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, plugs and socket imports expanded to $248M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Plugs and Socket in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 50.3 | 57.9 | 76.2 | 84.9 | 19.1% |
| France | 31.5 | 36.0 | 42.8 | 43.4 | 11.3% |
| China | 41.0 | 20.4 | 30.0 | 28.9 | -11.0% |
| Netherlands | 6.3 | 9.9 | 13.7 | 17.4 | 40.3% |
| Czech Republic | 4.0 | 6.7 | 12.4 | 13.7 | 50.7% |
| Italy | 9.5 | 6.8 | 12.1 | 11.3 | 6.0% |
| Belgium | 3.3 | 5.8 | 9.3 | 8.6 | 37.6% |
| Poland | 2.9 | 2.7 | 3.1 | 4.2 | 13.1% |
| Romania | 4.9 | 4.0 | 5.3 | 4.1 | -5.8% |
| Turkey | 2.8 | 1.8 | 2.4 | 3.2 | 4.6% |
| Portugal | 6.3 | 7.8 | 8.5 | 1.3 | -40.9% |
| Others | 43.4 | 25.7 | 26.6 | 26.9 | -14.7% |
| Total | 206 | 186 | 242 | 248 | 6.4% |
Top Suppliers of Plugs and Socket to Spain in 2022:
- Germany (375.3M units)
- France (201.8M units)
- China (197.5M units)
- Italy (50.2M units)
- Netherlands (35.0M units)
- Belgium (34.6M units)
- Czech Republic (33.5M units)
- Turkey (20.0M units)
- Romania (18.7M units)
- Poland (17.6M units)
- Portugal (8.5M units)
Plugs and Socket Exports in Spain
In 2022, plugs and socket exports from Spain shrank dramatically to 493M units, declining by -21.5% compared with the previous year. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 2.3% against the previous year. Over the period under review, the exports attained the maximum at 757M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, plugs and socket exports dropped rapidly to $100M in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. The exports peaked at $181M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plugs and Socket in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 30.6 | 24.4 | 31.4 | 23.2 | -8.8% |
| Portugal | 13.6 | 12.9 | 15.5 | 13.0 | -1.5% |
| Czech Republic | 11.5 | 35.1 | 49.7 | 11.5 | 0.0% |
| Morocco | 13.6 | 12.6 | 17.4 | 9.4 | -11.6% |
| Germany | 16.7 | 11.2 | 7.3 | 7.2 | -24.5% |
| Hungary | 8.2 | 5.2 | 4.9 | 3.2 | -26.9% |
| Sweden | 0.5 | 1.2 | 0.6 | 2.9 | 79.7% |
| Italy | 4.2 | 2.3 | 3.0 | 2.7 | -13.7% |
| United Arab Emirates | 5.8 | 2.9 | 1.7 | 2.4 | -25.5% |
| Poland | 3.4 | 2.3 | 3.1 | 2.2 | -13.5% |
| Tunisia | 4.0 | 5.5 | 6.7 | 1.7 | -24.8% |
| Romania | 4.7 | 0.9 | 0.6 | 0.9 | -42.4% |
| China | 20.8 | 4.7 | 1.2 | 0.3 | -75.7% |
| Others | 42.9 | 23.4 | 20.4 | 19.9 | -22.6% |
| Total | 181 | 145 | 163 | 100 | -17.9% |
Top Export Markets for Plugs and Socket from Spain in 2022:
- France (114.1M units)
- Portugal (64.6M units)
- Germany (53.3M units)
- Czech Republic (44.7M units)
- Morocco (34.7M units)
- Italy (22.0M units)
- Sweden (20.8M units)
- Hungary (11.1M units)
- Poland (10.0M units)
- Romania (8.8M units)
- United Arab Emirates (7.5M units)
- Tunisia (4.9M units)
- China (1.1M units)
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