Plugs and Socket Price in Thailand - 2024
Contents:
- Plugs and Socket Price in Thailand (CIF) - 2024
- Plugs and Socket Price in Thailand (FOB) - 2022
- Plugs and Socket Imports in Thailand
- Plugs and Socket Exports in Thailand
Plugs and Socket Price in Thailand (CIF) - 2024
The average plugs and socket import price stood at $375 per thousand units in September 2023, dropping by -12.2% against the previous month. Over the period under review, the import price saw a perceptible reduction. The growth pace was the most rapid in June 2023 an increase of 14% against the previous month. The import price peaked at $449 per thousand units in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($764 per thousand units), while the price for Austria ($146 per thousand units) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Plugs and Socket Price in Thailand (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.2 per unit, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40%. Over the period under review, the average export prices hit record highs at $0.8 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1 per unit), while the average price for exports to Myanmar (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 Germany (+0.7%), while the prices for the other major destinations experienced a decline.
Plugs and Socket Imports in Thailand
Plugs and socket imports into Thailand expanded to 450M units in 2022, growing by 3.3% against the previous year. Overall, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. As a result, imports reached the peak of 561M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, plugs and socket imports expanded remarkably to $248M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.0 | 85.7 | 83.7 | 110 | 11.2% |
| Japan | 60.5 | 56.0 | 48.6 | 47.1 | -8.0% |
| Malaysia | 15.4 | 14.7 | 12.3 | 14.8 | -1.3% |
| United States | 16.2 | 19.7 | 13.4 | 13.4 | -6.1% |
| Vietnam | 13.7 | 11.4 | 15.6 | 8.9 | -13.4% |
| Germany | 7.7 | 6.1 | 4.6 | 6.7 | -4.5% |
| Taiwan (Chinese) | 5.3 | 5.4 | 5.6 | 5.7 | 2.5% |
| South Korea | 3.8 | 3.2 | 3.4 | 3.7 | -0.9% |
| Others | 33.8 | 39.1 | 32.8 | 38.3 | 4.3% |
| Total | 236 | 241 | 220 | 248 | 1.7% |
Top Suppliers of Plugs and Socket to Thailand in 2022:
- China (288.9M units)
- Japan (58.2M units)
- Vietnam (22.7M units)
- Germany (11.4M units)
- Malaysia (9.4M units)
- Taiwan (Chinese) (8.4M units)
- South Korea (7.7M units)
- United States (3.8M units)
Plugs and Socket Exports in Thailand
After three years of growth, overseas shipments of electrical plugs and sockets for under 1000 v decreased by -8.1% to 676M units in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of 735M units, and then dropped in the following year.
In value terms, plugs and socket exports shrank to $157M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of $171M, and then dropped in the following year.
| Export of Plugs and Socket in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.0 | 20.8 | 35.0 | 40.2 | 24.2% |
| Japan | 7.8 | 16.2 | 22.8 | 22.6 | 42.6% |
| Germany | 13.1 | 13.6 | 20.3 | 20.5 | 16.1% |
| Philippines | 12.8 | 11.0 | 16.9 | 14.9 | 5.2% |
| Vietnam | 14.7 | 15.4 | 16.9 | 10.8 | -9.8% |
| China | 4.7 | 6.2 | 10.3 | 8.5 | 21.8% |
| Cambodia | 2.6 | 4.8 | 4.6 | 4.0 | 15.4% |
| Singapore | 10.8 | 11.6 | 4.4 | 3.6 | -30.7% |
| Malaysia | 3.3 | 3.3 | 3.2 | 3.6 | 2.9% |
| Myanmar | 3.6 | 4.2 | 3.9 | 3.5 | -0.9% |
| Hong Kong SAR | 10.1 | 12.1 | 10.0 | 2.6 | -36.4% |
| Mexico | 1.1 | 2.0 | 2.8 | 2.2 | 26.0% |
| Others | 9.9 | 10.2 | 19.7 | 20.4 | 27.3% |
| Total | 115 | 131 | 171 | 157 | 10.9% |
Top Export Markets for Plugs and Socket from Thailand in 2022:
- Japan (154.6M units)
- United States (140.5M units)
- Myanmar (70.7M units)
- Philippines (66.1M units)
- Vietnam (45.0M units)
- Cambodia (36.2M units)
- China (31.5M units)
- Germany (20.0M units)
- Singapore (15.0M units)
- Malaysia (14.6M units)
- Mexico (8.5M units)
- Hong Kong SAR (3.7M units)
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