Plugs and Socket Price in the Netherlands - 2024

Contents:

1. Plugs and Socket Price in the Netherlands (CIF) - 2024
2. Plugs and Socket Price in the Netherlands (FOB) - 2024
3. Plugs and Socket Imports in the Netherlands
4. Plugs and Socket Exports in the Netherlands

Plugs and Socket Price in the Netherlands (CIF) - 2024

In August 2023, the average plugs and socket import price amounted to $548 per thousand units, growing by 11% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 19% m-o-m. The import price peaked at $640 per thousand units in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2.0 per unit), while the price for China amounted to $322 per thousand units.

From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Plugs and Socket Price in the Netherlands (FOB) - 2024

In August 2023, the average plugs and socket export price amounted to $703 per thousand units, waning by -2.5% against the previous month. In general, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 18% month-to-month. The export price peaked at $877 per thousand units in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($2.7 per unit), while the average price for exports to South Korea ($244 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 Turkey (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plugs and Socket Imports in the Netherlands

In 2022, imports of electrical plugs and sockets for under 1000 v into the Netherlands surged to 1.7B units, growing by 24% compared with the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.8% 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 +71.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plugs and socket imports expanded sharply to $743M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Plugs and Socket to the Netherlands in 2022:

1. Germany (601.7M units)
2. China (558.5M units)
3. Belgium (254.8M units)
4. France (41.8M units)
5. Czech Republic (36.1M units)
6. Taiwan (Chinese) (16.8M units)
7. United States (16.1M units)
8. United Kingdom (5.9M units)

Plugs and Socket Exports in the Netherlands

After three years of growth, overseas shipments of electrical plugs and sockets for under 1000 v decreased by -17.4% to 1.1B units in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +41.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, the exports attained the peak of 1.3B units, and then shrank markedly in the following year.

In value terms, plugs and socket exports dropped slightly to $641M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $658M, and then reduced slightly in the following year.

Top Export Markets for Plugs and Socket from the Netherlands in 2022:

1. Germany (451.6M units)
2. Belgium (66.8M units)
3. France (63.8M units)
4. Spain (56.1M units)
5. Italy (40.0M units)
6. Romania (32.1M units)
7. United States (30.2M units)
8. India (29.3M units)
9. China (28.1M units)
10. United Kingdom (27.8M units)
11. Poland (25.7M units)
12. Hungary (22.2M units)
13. Austria (17.8M units)

Source: IndexBox Market Intelligence Platform