Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran - 2022

Contents:

  1. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran (CIF) - 2022
  2. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran (FOB) - 2022
  3. Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran
  4. Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran (CIF) - 2022

In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $65 per thousand units, with an increase of 16% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment increased by +85.4% against 2016 indices. The growth pace was the most rapid in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($170 per thousand units), while the price for South Korea ($47 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), 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 Iran (FOB) - 2022

In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $23 per thousand units, surging by 21% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -33.8% against 2017 indices. The growth pace was the most rapid in 2017 an increase of 63% against the previous year. As a result, the export price reached the peak level of $35 per thousand units. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($70 per thousand units), while the average price for exports to Azerbaijan ($6.8 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 Sudan (+34.7%), 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 Iran

In 2022, purchases abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -50.7% to 621M units for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. Imports peaked at 1.3B units in 2021, and then dropped remarkably in the following year.

In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment declined significantly to $41M in 2022. Overall, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 35%. Imports peaked at $71M in 2021, and then shrank notably in the following year.

Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.921.032.520.26.1%
Turkey8.312.820.411.110.2%
Taiwan (Chinese)3.16.15.12.6-5.7%
South Korea2.63.83.12.2-5.4%
Italy5.16.64.71.2-38.3%
United Arab Emirates2.31.01.20.8-29.7%
Hong Kong SAR0.51.51.50.3-15.7%
Others3.64.22.42.3-13.9%
Total42.457.171.040.7-1.4%

Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Iran in 2022:

  1. China (272.3M units)
  2. Turkey (201.3M units)
  3. Taiwan (Chinese) (50.0M units)
  4. South Korea (45.9M units)
  5. Italy (19.5M units)
  6. United Arab Emirates (6.9M units)
  7. Hong Kong SAR (4.2M units)

Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Iran

Exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from Iran skyrocketed to 81M units in 2022, rising by 58% on the year before. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 192% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment surged to $1.9M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 115%. Over the period under review, the exports of hit record highs 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 Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey4243137681,53753.6%
Azerbaijan36.716.135.015059.9%
Italy35.162.897.668.424.9%
Georgia39.912.819.023.9-15.7%
Tajikistan17.91.78.211.6-13.5%
Others26547.648.676.2-34.0%
Total8184549761,86831.7%

Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Iran in 2022:

  1. Turkey (52.6M units)
  2. Azerbaijan (22.1M units)
  3. Georgia (2.2M units)
  4. Italy (1.9M units)
  5. Tajikistan (0.7M units)

Source: IndexBox Market Intelligence Platform

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