Plugs and Socket Price in the UK - 2024
Contents:
- Plugs and Socket Price in the UK (CIF) - 2022
- Plugs and Socket Price in the UK (FOB) - 2022
- Plugs and Socket Imports in the UK
- Plugs and Socket Exports in the UK
Plugs and Socket Price in the UK (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $0.2 per unit, surging by 2.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $0.3 per unit. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1.4 per unit), while the price for China ($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 the Netherlands (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in the UK (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $1.1 per unit, picking up by 9.3% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2021 when the average export price increased by 41% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2.7 per unit), while the average price for exports to Ireland ($0.3 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 (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in the UK
In 2022, imports of electrical plugs and sockets for under 1000 v into the UK reached 3.1B units, growing by 2.9% against the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, plugs and socket imports rose remarkably to $665M in 2022. Over the period under review, imports, however, showed a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 7.5% against the previous year. Over the period under review, imports attained the maximum at $767M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Plugs and Socket in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 174 | 163 | 196 | 249 | 12.7% |
| Germany | 150 | 119 | 137 | 75.9 | -20.3% |
| United States | 84.6 | 69.1 | 54.4 | 72.3 | -5.1% |
| Taiwan (Chinese) | 12.3 | 10.4 | 16.5 | 25.4 | 27.3% |
| France | 29.4 | 22.8 | 27.4 | 22.6 | -8.4% |
| Italy | 16.8 | 17.0 | 16.4 | 15.2 | -3.3% |
| Czech Republic | 6.7 | 8.1 | 9.9 | 13.6 | 26.6% |
| Belgium | 47.2 | 26.1 | 30.5 | 12.2 | -36.3% |
| India | 2.1 | 1.3 | 3.1 | 9.4 | 64.8% |
| Hong Kong SAR | 21.4 | 11.5 | 13.8 | 6.7 | -32.1% |
| Austria | 20.9 | 12.8 | 3.7 | 6.2 | -33.3% |
| Netherlands | 35.4 | 31.1 | 37.8 | 4.9 | -48.3% |
| Others | 167 | 94.6 | 84.4 | 152 | -3.1% |
| Total | 767 | 586 | 631 | 665 | -4.6% |
Top Suppliers of Plugs and Socket to the UK in 2022:
- China (1786.2M units)
- Germany (451.6M units)
- Italy (105.3M units)
- Taiwan (Chinese) (102.0M units)
- France (64.6M units)
- Czech Republic (60.5M units)
- India (56.6M units)
- Belgium (56.0M units)
- United States (53.6M units)
- Hong Kong SAR (33.1M units)
- Austria (31.9M units)
- Netherlands (6.0M units)
Plugs and Socket Exports in the UK
For the third consecutive year, the UK recorded decline in shipments abroad of electrical plugs and sockets for under 1000 v, which decreased by -14.1% to 378M units in 2022. Overall, exports recorded a sharp shrinkage. Over the period under review, the exports hit record highs at 931M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, plugs and socket exports contracted to $405M in 2022. In general, exports saw a abrupt slump. The smallest decline of -5.7% was in 2021. The exports peaked at $608M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Plugs and Socket in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 69.4 | 54.3 | 57.7 | 57.9 | -5.9% |
| Germany | 105 | 79.0 | 53.4 | 55.2 | -19.3% |
| France | 48.4 | 36.2 | 22.9 | 34.8 | -10.4% |
| China | 28.5 | 12.6 | 37.0 | 24.2 | -5.3% |
| South Africa | 17.6 | 5.9 | 29.9 | 23.0 | 9.3% |
| Ireland | 19.0 | 13.8 | 11.8 | 17.2 | -3.3% |
| Singapore | 13.8 | 12.9 | 24.2 | 16.1 | 5.3% |
| Netherlands | 49.1 | 38.6 | 13.4 | 12.1 | -37.3% |
| Belgium | 32.5 | 25.8 | 13.3 | 12.1 | -28.1% |
| Switzerland | 2.5 | 3.6 | 13.0 | 11.8 | 67.7% |
| United Arab Emirates | 13.0 | 9.5 | 12.3 | 9.0 | -11.5% |
| Poland | 10.7 | 7.6 | 4.5 | 4.4 | -25.6% |
| Qatar | 3.3 | 2.7 | 4.5 | 3.3 | 0.0% |
| Others | 195 | 155 | 134 | 124 | -14.0% |
| Total | 608 | 458 | 432 | 405 | -12.7% |
Top Export Markets for Plugs and Socket from the UK in 2022:
- Ireland (54.1M units)
- Germany (33.3M units)
- France (27.8M units)
- United Arab Emirates (22.6M units)
- United States (21.6M units)
- Netherlands (21.4M units)
- South Africa (16.6M units)
- Switzerland (15.2M units)
- China (13.7M units)
- Singapore (13.2M units)
- Belgium (11.4M units)
- Qatar (9.2M units)
- Poland (7.5M units)
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