Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Saudi Arabia - 2022
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Saudi Arabia (FOB) - 2022
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Saudi Arabia
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Saudi Arabia (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $43 per thousand units in 2021, picking up by 8.2% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48%. The export price peaked in 2021 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($448 per thousand units), while the average price for exports to Sudan ($3 per thousand units) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+64.9%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Saudi Arabia
In 2022, shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -66.9% to 50M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a moderate increase. The pace of growth was the most pronounced in 2021 when exports increased by 110% against the previous year. As a result, the exports attained the peak of 151M units, and then reduced remarkably in the following year.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment contracted sharply to $3.9M in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 128%. As a result, the exports reached the peak of $6.4M, and then shrank sharply in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Arab Emirates | N/A | 724 | 4,385 | 505.7% |
| Bahrain | 44.9 | 500 | 750 | 308.7% |
| Iraq | N/A | N/A | 228 | 0% |
| United Kingdom | N/A | N/A | 136 | 0% |
| Kuwait | 1,020 | 937 | 71.2 | -73.6% |
| Egypt | 57.8 | 23.8 | 40.7 | -16.1% |
| Oman | N/A | 78.0 | 38.6 | -50.5% |
| Yemen | N/A | N/A | 36.0 | 0% |
| Others | 124 | 571 | 763 | 148.1% |
| Total | 1,247 | 2,834 | 6,449 | 127.4% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Saudi Arabia in 2022:
- United Arab Emirates (48.6M units)
- Bahrain (18.1M units)
- Yemen (6.0M units)
- Oman (5.6M units)
- Iraq (5.2M units)
- United Kingdom (4.6M units)
- Egypt (4.2M units)
- Kuwait (0.3M units)
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