Plugs and Socket Price in the United Arab Emirates - 2022
Contents:
- Plugs and Socket Price in the United Arab Emirates (CIF) - 2022
- Plugs and Socket Price in the United Arab Emirates (FOB) - 2022
- Plugs and Socket Imports in the United Arab Emirates
- Plugs and Socket Exports in the United Arab Emirates
Plugs and Socket Price in the United Arab Emirates (CIF) - 2022
The average plugs and socket import price stood at $0.2 per unit in 2022, falling by -5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The import price peaked at $0.2 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($0.6 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 UK (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in the United Arab Emirates (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.1 per unit, picking up by 1.9% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the maximum at $0.6 per unit in 2013; however, from 2014 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 India ($1.1 per unit), while the average price for exports to Ghana (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 India (-11.9%), while the prices for the other major destinations experienced a decline.
Plugs and Socket Imports in the United Arab Emirates
In 2022, approx. 942M units of electrical plugs and sockets for under 1000 v were imported into the United Arab Emirates; with an increase of 8.7% on the previous year's figure. The total import volume increased at an average annual rate of +6.7% 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 with an increase of 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, plugs and socket imports expanded slightly to $148M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.4%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Plugs and Socket in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.6 | 48.8 | 67.2 | 87.4 | 25.1% |
| United States | 15.3 | 16.9 | 12.7 | 15.6 | 0.6% |
| Germany | 14.8 | 13.6 | 17.1 | 9.8 | -12.8% |
| United Kingdom | 13.0 | 9.5 | 12.3 | 9.0 | -11.5% |
| Italy | 2.4 | 3.1 | 2.9 | 3.9 | 17.6% |
| Austria | 1.8 | 1.1 | 1.8 | 2.2 | 6.9% |
| Czech Republic | 4.9 | 6.8 | 9.4 | 1.3 | -35.7% |
| Hong Kong SAR | 2.2 | 1.6 | 1.6 | 0.6 | -35.2% |
| Others | 31.6 | 30.9 | 19.7 | 18.3 | -16.6% |
| Total | 131 | 132 | 145 | 148 | 4.2% |
Top Suppliers of Plugs and Socket to the United Arab Emirates in 2022:
- China (783.2M units)
- United States (24.7M units)
- Italy (24.2M units)
- United Kingdom (23.2M units)
- Germany (19.0M units)
- Austria (18.5M units)
- Hong Kong SAR (4.9M units)
- Czech Republic (2.8M units)
Plugs and Socket Exports in the United Arab Emirates
In 2022, shipments abroad of electrical plugs and sockets for under 1000 v decreased by -43.8% to 82M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports attained the peak of 147M units, and then plummeted in the following year.
In value terms, plugs and socket exports contracted dramatically to $12M in 2022. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at $23M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Plugs and Socket in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 4.3 | 4.9 | 6.9 | 5.8 | 10.5% |
| India | 10.3 | 9.3 | 9.3 | 2.5 | -37.6% |
| Seychelles | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Rwanda | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Angola | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Ghana | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Tanzania | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Zambia | N/A | 0.1 | N/A | N/A | 0% |
| Uganda | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Zimbabwe | N/A | N/A | N/A | N/A | 0% |
| Iran | 0.7 | 1.6 | 1.9 | N/A | 64.8% |
| Others | 6.4 | 1.8 | 2.7 | 3.2 | -20.6% |
| Total | 22.5 | 18.2 | 21.5 | 12.3 | -18.2% |
Top Export Markets for Plugs and Socket from the United Arab Emirates in 2022:
- Oman (31.4M units)
- Tanzania (11.8M units)
- Ghana (11.1M units)
- Rwanda (4.3M units)
- Angola (4.1M units)
- Zimbabwe (4.1M units)
- Seychelles (2.9M units)
- Zambia (2.5M units)
- India (2.3M units)
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