Plugs and Socket Price in Sweden - 2024
Contents:
- Plugs and Socket Price in Sweden (CIF) - 2024
- Plugs and Socket Price in Sweden (FOB) - 2024
- Plugs and Socket Imports in Sweden
- Plugs and Socket Exports in Sweden
Plugs and Socket Price in Sweden (CIF) - 2024
In August 2023, the average plugs and socket import price amounted to $584 per thousand units, remaining relatively unchanged against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 15% month-to-month. Over the period under review, average import prices attained the peak figure at $589 per thousand units in July 2023, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($1.1 per unit), while the price for Turkey ($122 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 Italy (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Sweden (FOB) - 2024
The average plugs and socket export price stood at $536 per thousand units in August 2023, approximately equating the previous month. Over the last six months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 36% month-to-month. As a result, the export price attained the peak level of $0.6 per unit. From May 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the UK ($438 per thousand units), while the average price for exports to Switzerland ($104 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 Poland (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Sweden
In 2022, approx. 440M units of electrical plugs and sockets for under 1000 v were imported into Sweden; rising by 9.1% compared with 2021 figures. The total import volume increased at an average annual rate of +7.1% over the period 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 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, plugs and socket imports stood at $186M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.2 | 36.5 | 54.0 | 61.2 | 21.4% |
| Netherlands | 9.1 | 11.4 | 18.8 | 23.9 | 38.0% |
| France | 20.6 | 24.2 | 26.8 | 22.9 | 3.6% |
| China | 14.8 | 17.3 | 20.0 | 19.2 | 9.1% |
| Italy | 2.8 | 4.9 | 5.2 | 5.7 | 26.7% |
| Czech Republic | 2.3 | 2.2 | 3.8 | 5.7 | 35.3% |
| Denmark | 7.3 | 7.2 | 8.1 | 5.7 | -7.9% |
| Belgium | 2.9 | 3.2 | 4.2 | 5.1 | 20.7% |
| Norway | 7.8 | 13.9 | 15.4 | 4.8 | -14.9% |
| Finland | 2.2 | 2.5 | 3.9 | 3.8 | 20.0% |
| Others | 32.1 | 23.7 | 23.2 | 27.7 | -4.8% |
| Total | 136 | 147 | 183 | 186 | 11.0% |
Top Suppliers of Plugs and Socket to Sweden in 2022:
- Germany (124.2M units)
- China (96.2M units)
- France (52.2M units)
- Netherlands (28.7M units)
- Italy (23.0M units)
- Czech Republic (17.7M units)
- Belgium (16.9M units)
- Norway (16.1M units)
- Finland (14.6M units)
- Denmark (13.6M units)
Plugs and Socket Exports in Sweden
In 2022, exports of electrical plugs and sockets for under 1000 v from Sweden expanded remarkably to 139M units, picking up by 7.5% on 2021. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, plugs and socket exports expanded to $61M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Plugs and Socket in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 8.7 | 11.6 | 14.5 | 18.8 | 29.3% |
| Finland | 8.6 | 8.7 | 9.1 | 8.0 | -2.4% |
| Denmark | 4.9 | 6.3 | 6.4 | 5.1 | 1.3% |
| Poland | 2.0 | 1.9 | 2.5 | 3.1 | 15.7% |
| France | 0.4 | 0.5 | 2.6 | 2.7 | 89.0% |
| Estonia | 1.1 | 1.8 | 2.2 | 2.4 | 29.7% |
| Germany | 1.4 | 1.2 | 2.6 | 2.2 | 16.3% |
| Morocco | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Russia | 0.9 | 1.7 | 1.8 | 0.3 | -30.7% |
| Others | 11.8 | 9.8 | 17.6 | 17.9 | 14.9% |
| Total | 40.3 | 43.6 | 59.6 | 60.8 | 14.7% |
Top Export Markets for Plugs and Socket from Sweden in 2022:
- Norway (68.1M units)
- Finland (20.8M units)
- Denmark (11.0M units)
- Germany (6.1M units)
- Poland (5.0M units)
- Estonia (2.8M units)
- France (2.4M units)
- Morocco (1.4M units)
- Russia (0.5M units)
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