Plugs and Socket Price in Turkey - 2024
Contents:
- Plugs and Socket Price in Turkey (CIF) - 2024
- Plugs and Socket Price in Turkey (FOB) - 2024
- Plugs and Socket Imports in Turkey
- Plugs and Socket Exports in Turkey
Plugs and Socket Price in Turkey (CIF) - 2024
In July 2023, the average plugs and socket import price amounted to $539 per thousand units, which is down by -4.7% against the previous month. Over the last five-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in June 2023 an increase of 22% against the previous month. The import price peaked at $644 per thousand units in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3.7 per unit), while the price for China ($233 per thousand units) was amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Turkey (FOB) - 2024
The average plugs and socket export price stood at $116 per thousand units in July 2023, picking up by 4.6% against the previous month. Over the period from February 2023 to July 2023, it increased at an average monthly rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($165 per thousand units), while the average price for exports to Ukraine ($88.0 per thousand units) was amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Turkey
After three years of growth, purchases abroad of electrical plugs and sockets for under 1000 v decreased by -4.2% to 582M units in 2022. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 607M units, and then shrank modestly in the following year.
In value terms, plugs and socket imports expanded modestly to $287M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Plugs and Socket in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.6 | 46.1 | 59.3 | 62.3 | 13.5% |
| Germany | 34.9 | 36.6 | 53.0 | 56.5 | 17.4% |
| United States | 24.5 | 25.0 | 30.6 | 35.1 | 12.7% |
| Italy | 11.4 | 16.9 | 17.0 | 15.7 | 11.3% |
| France | 13.9 | 13.9 | 14.0 | 13.1 | -2.0% |
| India | 2.5 | 3.0 | 10.4 | 12.9 | 72.8% |
| Hungary | 14.1 | 10.9 | 13.2 | 10.7 | -8.8% |
| Taiwan (Chinese) | 4.1 | 7.2 | 10.5 | 9.7 | 33.2% |
| Czech Republic | 5.9 | 6.3 | 7.9 | 7.5 | 8.3% |
| Spain | 2.7 | 2.8 | 4.6 | 4.8 | 21.1% |
| South Korea | 5.2 | 4.1 | 4.0 | 2.8 | -18.6% |
| Austria | 1.6 | 1.6 | 2.2 | 1.3 | -6.7% |
| Ireland | 6.1 | 8.0 | 0.2 | 0.1 | -74.6% |
| Others | 46.8 | 41.0 | 46.3 | 54.4 | 5.1% |
| Total | 216 | 223 | 273 | 287 | 9.9% |
Top Suppliers of Plugs and Socket to Turkey in 2022:
- China (224.8M units)
- Germany (103.5M units)
- Italy (42.8M units)
- India (34.7M units)
- Hungary (25.5M units)
- Spain (24.1M units)
- United States (16.0M units)
- Taiwan (Chinese) (15.4M units)
- Czech Republic (14.4M units)
- France (12.6M units)
- Austria (9.8M units)
- South Korea (7.1M units)
- Ireland (0.4M units)
Plugs and Socket Exports in Turkey
In 2022, overseas shipments of electrical plugs and sockets for under 1000 v decreased by -13.8% to 1.2B units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 1.4B units, and then reduced in the following year.
In value terms, plugs and socket exports dropped to $118M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $128M, and then contracted in the following year.
| Export of Plugs and Socket in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 8.7 | 9.1 | 8.8 | 9.6 | 3.3% |
| Bulgaria | 9.8 | 11.5 | 13.1 | 8.7 | -3.9% |
| France | 6.1 | 5.3 | 7.3 | 7.1 | 5.2% |
| Uzbekistan | 5.0 | 4.7 | 5.2 | 6.5 | 9.1% |
| Hungary | 5.6 | 6.6 | 7.4 | 6.5 | 5.1% |
| Georgia | 3.8 | 3.7 | 3.2 | 4.6 | 6.6% |
| Ukraine | 6.8 | 5.3 | 7.1 | 4.4 | -13.5% |
| Spain | 3.2 | 3.1 | 4.5 | 4.4 | 11.2% |
| Poland | 1.9 | 3.2 | 4.9 | 4.0 | 28.2% |
| Kazakhstan | 1.8 | 1.5 | 3.1 | 3.5 | 24.8% |
| Romania | 4.3 | 4.8 | 4.5 | 3.4 | -7.5% |
| Kyrgyzstan | 3.2 | 3.4 | 2.5 | 2.5 | -7.9% |
| Libya | 2.6 | 1.6 | 2.3 | 1.9 | -9.9% |
| Others | 40.9 | 41.3 | 54.1 | 50.8 | 7.5% |
| Total | 104 | 105 | 128 | 118 | 4.3% |
Top Export Markets for Plugs and Socket from Turkey in 2022:
- Russia (93.9M units)
- Bulgaria (92.5M units)
- Uzbekistan (72.8M units)
- Hungary (68.2M units)
- Ukraine (55.9M units)
- France (49.7M units)
- Georgia (46.2M units)
- Romania (38.8M units)
- Kazakhstan (35.4M units)
- Spain (35.0M units)
- Libya (30.9M units)
- Poland (30.8M units)
- Kyrgyzstan (29.8M units)
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