Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India - 2023
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India (CIF) - 2022
The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, increasing by 6.6% against the previous year. In general, the import price showed a strong increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 50%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($0.1 per unit) and the United States ($0.1 per unit), while the price for South Korea ($0.1 per unit) and Thailand ($0.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, with a decrease of -3.3% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 70%. Over the period under review, the average export prices hit record highs at $0.1 per unit in 2021, and then dropped slightly in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($0.1 per unit) and Australia ($0.1 per unit), while the average price for exports to Japan ($0.1 per unit) and Saudi Arabia ($0.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+21.0%), 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 India
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment imported into India was estimated at 7.6B units, rising by 4.9% compared with 2021. The total import volume increased at an average annual rate of +6.4% over the period 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 with an increase of 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment rose remarkably to $945M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +59.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 163 | 156 | 218 | 237 | 13.3% |
| Japan | 54.8 | 61.8 | 83.3 | 109 | 25.8% |
| Germany | 51.3 | 48.2 | 74.0 | 94.6 | 22.6% |
| Singapore | 46.3 | 40.8 | 58.5 | 70.2 | 14.9% |
| South Korea | 79.3 | 53.3 | 56.6 | 67.9 | -5.0% |
| Hong Kong SAR | 39.4 | 30.9 | 57.6 | 64.2 | 17.7% |
| United States | 43.2 | 37.8 | 50.4 | 61.7 | 12.6% |
| Ireland | 0.3 | 0.4 | 22.4 | 36.7 | 396.4% |
| France | 26.2 | 20.5 | 22.1 | 23.4 | -3.7% |
| Thailand | 9.6 | 12.6 | 21.6 | 23.2 | 34.2% |
| Taiwan (Chinese) | 6.1 | 15.6 | 32.4 | 22.9 | 55.4% |
| United Kingdom | 12.2 | 16.2 | 18.6 | 22.5 | 22.6% |
| United Arab Emirates | 46.0 | 40.6 | 51.5 | 20.2 | -24.0% |
| Others | 56.3 | 58.1 | 78.6 | 91.8 | 17.7% |
| Total | 634 | 592 | 845 | 945 | 14.2% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to India in 2022:
- China (1812.9M units)
- Japan (909.8M units)
- Germany (790.5M units)
- Singapore (572.4M units)
- South Korea (568.3M units)
- Hong Kong SAR (520.4M units)
- United States (478.1M units)
- Ireland (306.0M units)
- France (195.0M units)
- Thailand (195.0M units)
- United Kingdom (183.8M units)
- Taiwan (Chinese) (183.6M units)
- United Arab Emirates (169.6M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment exported from India surged to 4.1B units, with an increase of 26% against 2021. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.0% 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 +70.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $462M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 82.5 | 72.3 | 103 | 152 | 22.6% |
| Germany | 23.8 | 26.0 | 33.7 | 45.0 | 23.7% |
| Netherlands | 11.8 | 11.6 | 30.9 | 35.8 | 44.8% |
| Vietnam | 0.6 | 1.3 | 2.7 | 19.8 | 220.8% |
| United Kingdom | 10.3 | 11.5 | 16.5 | 18.9 | 22.4% |
| Hong Kong SAR | 24.6 | 21.1 | 19.7 | 18.6 | -8.9% |
| France | 15.8 | 14.5 | 18.9 | 17.5 | 3.5% |
| China | 9.0 | 8.5 | 12.0 | 13.7 | 15.0% |
| Singapore | 13.1 | 12.0 | 14.9 | 11.8 | -3.4% |
| United Arab Emirates | 11.1 | 7.9 | 8.6 | 11.0 | -0.3% |
| Australia | 8.6 | 7.7 | 8.4 | 9.6 | 3.7% |
| Japan | 4.0 | 4.3 | 6.4 | 8.2 | 27.0% |
| Saudi Arabia | 5.9 | 5.7 | 9.4 | 7.3 | 7.4% |
| Others | 76.8 | 67.0 | 95.2 | 92.7 | 6.5% |
| Total | 298 | 271 | 380 | 462 | 15.7% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from India in 2022:
- United States (1358.8M units)
- Germany (400.2M units)
- Netherlands (318.3M units)
- Vietnam (178.0M units)
- United Kingdom (169.3M units)
- Hong Kong SAR (163.4M units)
- France (156.2M units)
- China (116.7M units)
- Singapore (106.1M units)
- United Arab Emirates (97.0M units)
- Australia (82.8M units)
- Japan (73.7M units)
- Saudi Arabia (66.0M units)
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