Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium (CIF) - 2022
The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $34 per thousand units in 2022, with a decrease of -21.3% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11% against the previous year. The import price peaked at $76 per thousand units in 2012; however, from 2013 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 Japan ($71 per thousand units), while the price for France ($14 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.6%), while the prices for the other major suppliers experienced a decline.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $82 per thousand units in 2022, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 11% against the previous year. As a result, the export price reached the peak level of $99 per thousand units. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($123 per thousand units), while the average price for exports to Italy ($57 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium
In 2022, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into Belgium skyrocketed to 15B units, growing by 37% on the previous year's figure. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $527M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 139 | 132 | 186 | 195 | 11.9% |
| Netherlands | 38.3 | 39.2 | 53.2 | 76.5 | 25.9% |
| France | 46.2 | 36.3 | 45.4 | 43.6 | -1.9% |
| China | 13.7 | 30.4 | 36.8 | 40.9 | 44.0% |
| Hungary | 8.0 | 17.4 | 23.7 | 24.8 | 45.8% |
| United States | 30.2 | 21.6 | 23.8 | 24.2 | -7.1% |
| Czech Republic | 11.2 | 29.8 | 30.5 | 22.3 | 25.8% |
| South Korea | 1.9 | 3.4 | 7.9 | 17.1 | 108.0% |
| Italy | 12.8 | 9.6 | 8.4 | 9.1 | -10.7% |
| United Kingdom | 14.2 | 20.3 | 6.7 | 6.6 | -22.5% |
| Austria | 3.0 | 3.6 | 3.5 | 4.4 | 13.6% |
| Others | 60.6 | 63.0 | 63.2 | 62.1 | 0.8% |
| Total | 379 | 407 | 489 | 527 | 11.6% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Belgium in 2022:
- Germany (4.5B units)
- Netherlands (3.4B units)
- France (3.2B units)
- China (0.8B units)
- Hungary (0.6B units)
- United States (0.4B units)
- Italy (0.3B units)
- Czech Republic (0.3B units)
- Austria (0.3B units)
- South Korea (0.2B units)
- United Kingdom (0.1B units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium
After three years of growth, overseas shipments of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -8.6% to 4.2B units in 2022. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. The exports peaked at 4.5B units in 2021, and then reduced in the following year.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment contracted to $342M in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, the exports of attained the peak figure at $373M in 2021, and then contracted in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.8 | 36.2 | 37.3 | 42.0 | 19.2% |
| France | 26.7 | 38.4 | 42.9 | 33.7 | 8.1% |
| Netherlands | 15.1 | 26.8 | 30.1 | 30.2 | 26.0% |
| Morocco | 20.9 | 13.5 | 16.2 | 19.3 | -2.6% |
| Italy | 7.7 | 12.0 | 19.5 | 19.0 | 35.1% |
| Spain | 5.6 | 11.8 | 14.8 | 18.7 | 49.5% |
| Mexico | 11.1 | 7.6 | 5.3 | 12.5 | 4.0% |
| Poland | 6.0 | 10.3 | 11.2 | 10.1 | 19.0% |
| Romania | 8.3 | 7.5 | 7.2 | 7.6 | -2.9% |
| Bulgaria | 9.9 | 7.6 | 6.2 | 7.0 | -10.9% |
| Czech Republic | 4.2 | 3.6 | 13.3 | 6.6 | 16.3% |
| Sweden | 3.0 | 4.6 | 7.0 | 6.6 | 30.1% |
| Hungary | 8.0 | 9.7 | 7.1 | 5.2 | -13.4% |
| Others | 132 | 153 | 155 | 123 | -2.3% |
| Total | 284 | 342 | 373 | 342 | 6.4% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Belgium in 2022:
- Germany (658.6M units)
- France (513.3M units)
- Netherlands (420.3M units)
- Italy (335.9M units)
- Spain (275.5M units)
- Morocco (200.7M units)
- Poland (130.0M units)
- Romania (104.1M units)
- Mexico (101.8M units)
- Sweden (95.2M units)
- Czech Republic (91.5M units)
- Hungary (83.7M units)
- Bulgaria (82.3M units)
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