Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China (FOB) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China (CIF) - 2022
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, rising by 1.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.9% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($0.3 per unit), while the average price for exports to Russia (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 Vietnam (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China (CIF) - 2022
The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.3 per unit in 2022, remaining constant 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 2017 an increase of 31% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Malaysia ($0.4 per unit), while the price for South Korea ($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 Switzerland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China
Exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from China shrank modestly to 99B units in 2022, flattening at the previous year's figure. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. As a result, the exports attained the peak of 100B units, and then declined slightly in the following year.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment totaled $11B in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +39.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 2,871 | 2,741 | 3,427 | 2,548 | -3.9% |
| United States | 843 | 763 | 1,033 | 1,251 | 14.1% |
| Vietnam | 643 | 1,023 | 1,075 | 1,172 | 22.2% |
| Taiwan (Chinese) | 291 | 395 | 626 | 676 | 32.4% |
| Japan | 394 | 392 | 512 | 558 | 12.3% |
| Germany | 325 | 295 | 422 | 458 | 12.1% |
| India | 229 | 207 | 279 | 361 | 16.4% |
| Mexico | 131 | 140 | 241 | 342 | 37.7% |
| Singapore | 223 | 190 | 266 | 325 | 13.4% |
| South Korea | 292 | 273 | 311 | 298 | 0.7% |
| Malaysia | 161 | 212 | 262 | 276 | 19.7% |
| Thailand | 124 | 154 | 243 | 250 | 26.3% |
| Russia | 76.4 | 79.2 | 100 | 151 | 25.5% |
| Others | 1,282 | 1,389 | 2,117 | 2,313 | 21.7% |
| Total | 7,884 | 8,255 | 10,914 | 10,976 | 11.7% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from China in 2022:
- United States (15.1B units)
- Hong Kong SAR (9.6B units)
- Taiwan (Chinese) (4.5B units)
- Germany (4.3B units)
- India (3.9B units)
- South Korea (3.9B units)
- Japan (3.5B units)
- Vietnam (3.5B units)
- Thailand (3.5B units)
- Russia (3.4B units)
- Mexico (3.1B units)
- Malaysia (2.7B units)
- Singapore (2.3B units)
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China
After three years of growth, overseas purchases of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -14% to 39B units in 2022. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, imports of attained the maximum at 45B units in 2021, and then reduced in the following year.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment contracted to $9.7B in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +43.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Imports peaked at $11.2B in 2021, and then reduced in the following year.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,604 | 2,554 | 2,874 | 2,507 | -1.3% |
| Germany | 736 | 790 | 985 | 918 | 7.6% |
| South Korea | 802 | 828 | 927 | 884 | 3.3% |
| United States | 446 | 436 | 546 | 562 | 8.0% |
| Taiwan (Chinese) | 381 | 399 | 469 | 416 | 3.0% |
| Malaysia | 260 | 278 | 321 | 311 | 6.2% |
| Thailand | 194 | 243 | 269 | 249 | 8.7% |
| France | 147 | 140 | 163 | 156 | 2.0% |
| Czech Republic | 71.5 | 89.8 | 123 | 133 | 23.0% |
| Vietnam | 76.1 | 81.7 | 119 | 131 | 19.8% |
| Indonesia | 71.5 | 73.9 | 85.5 | 78.4 | 3.1% |
| Others | 965 | 3,652 | 4,285 | 3,312 | 50.8% |
| Total | 6,755 | 9,565 | 11,166 | 9,658 | 12.7% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to China in 2022:
- Japan (7.7B units)
- South Korea (7.5B units)
- Germany (5.1B units)
- United States (2.1B units)
- Taiwan (Chinese) (1.7B units)
- Vietnam (1.1B units)
- Czech Republic (0.9B units)
- Malaysia (0.8B units)
- Thailand (0.7B units)
- France (0.6B units)
- Indonesia (0.5B units)
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