Plugs and Socket Price in the Czech Republic - 2024
Contents:
- Plugs and Socket Price in the Czech Republic (FOB) - 2024
- Plugs and Socket Price in the Czech Republic (CIF) - 2022
- Plugs and Socket Exports in the Czech Republic
- Plugs and Socket Imports in the Czech Republic
Plugs and Socket Price in the Czech Republic (FOB) - 2024
In August 2023, the average plugs and socket export price amounted to $687 per thousand units, dropping by -2.4% against the previous month. Over the period from February 2023 to August 2023, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 7.3% m-o-m. The export price peaked at $703 per thousand units in July 2023, and then contracted modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($1.5 per unit), while the average price for exports to Austria ($359 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 the Netherlands (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Price in the Czech Republic (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $0.5 per unit, picking up by 9.7% against the previous year. In general, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($1.1 per unit), while the price for Slovakia ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Exports in the Czech Republic
In 2022, plugs and socket exports from the Czech Republic fell to 2.1B units, waning by -4.4% against the previous year. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of 2.2B units, and then shrank in the following year.
In value terms, plugs and socket exports expanded markedly to $1.1B in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Plugs and Socket in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 215 | 218 | 350 | 381 | 21.0% |
| China | 37.4 | 58.7 | 79.4 | 77.1 | 27.3% |
| Netherlands | 14.5 | 14.5 | 63.4 | 76.2 | 73.9% |
| United States | 23.6 | 20.2 | 37.0 | 46.8 | 25.6% |
| Hungary | 36.9 | 31.5 | 46.5 | 42.8 | 5.1% |
| Romania | 33.5 | 31.5 | 36.4 | 41.5 | 7.4% |
| Poland | 18.9 | 21.3 | 34.7 | 36.4 | 24.4% |
| Italy | 8.3 | 13.0 | 30.1 | 31.9 | 56.6% |
| Morocco | 15.7 | 19.6 | 26.2 | 29.2 | 23.0% |
| Turkey | 7.3 | 9.8 | 23.0 | 28.5 | 57.5% |
| France | 14.1 | 14.6 | 23.2 | 26.6 | 23.6% |
| India | 3.0 | 3.7 | 11.3 | 20.2 | 88.8% |
| Slovakia | 14.4 | 14.4 | 19.9 | 19.1 | 9.9% |
| Others | 148 | 169 | 289 | 284 | 24.3% |
| Total | 591 | 640 | 1,070 | 1,141 | 24.5% |
Top Export Markets for Plugs and Socket from the Czech Republic in 2022:
- Germany (696.3M units)
- China (133.1M units)
- Romania (118.1M units)
- Hungary (102.0M units)
- Netherlands (79.2M units)
- Poland (71.3M units)
- Italy (69.1M units)
- United States (61.3M units)
- Morocco (60.9M units)
- Turkey (54.4M units)
- France (50.7M units)
- Slovakia (46.5M units)
- India (45.6M units)
Plugs and Socket Imports in the Czech Republic
In 2022, purchases abroad of electrical plugs and sockets for under 1000 v decreased by -6.9% to 1.9B units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of 2B units, and then declined in the following year.
In value terms, plugs and socket imports rose modestly to $869M in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 67%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Plugs and Socket in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 215 | 239 | 334 | 310 | 13.0% |
| China | 68.7 | 47.8 | 123 | 179 | 37.6% |
| Mexico | 11.2 | 1.6 | 13.3 | 46.6 | 60.8% |
| Italy | 25.2 | 33.1 | 46.1 | 45.1 | 21.4% |
| Hungary | 33.1 | 24.7 | 37.8 | 44.1 | 10.0% |
| United States | 22.6 | 29.5 | 51.5 | 36.0 | 16.8% |
| Austria | 3.8 | 12.0 | 29.5 | 33.1 | 105.8% |
| Poland | 15.0 | 12.7 | 26.4 | 26.7 | 21.2% |
| Japan | 9.1 | 6.9 | 17.3 | 26.1 | 42.1% |
| Spain | 14.6 | 43.1 | 60.9 | 14.1 | -1.2% |
| Slovakia | 3.0 | 3.4 | 5.3 | 13.9 | 66.7% |
| France | 7.7 | 7.4 | 11.3 | 12.1 | 16.3% |
| Portugal | 0.2 | 0.2 | 0.5 | 8.6 | 250.3% |
| Others | 57.6 | 49.8 | 94.0 | 73.6 | 8.5% |
| Total | 487 | 511 | 851 | 869 | 21.3% |
Top Suppliers of Plugs and Socket to the Czech Republic in 2022:
- Germany (616.6M units)
- China (302.0M units)
- Italy (148.7M units)
- Slovakia (129.6M units)
- Hungary (98.2M units)
- Austria (87.0M units)
- Portugal (75.1M units)
- Poland (52.0M units)
- United States (49.6M units)
- Mexico (43.5M units)
- Spain (40.2M units)
- Japan (39.8M units)
- France (27.9M units)
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