Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $63 per thousand units, dropping by -2.8% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The growth pace was the most rapid in 2020 when the average import price increased by 17%. As a result, import price attained the peak level of $70 per thousand units. From 2021 to 2022, the average import prices remained at a 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 the United States ($387 per thousand units), while the price for Turkey ($31 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 Netherlands (+13.3%), 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 the UK (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.2 per unit in 2022, increasing by 9.5% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($0.4 per unit), while the average price for exports to Bahrain (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 Italy (+21.9%), 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 the UK
In 2022, approx. 12B units of electrical circuit prefabricated elements, connectors, contact elements and other equipment were imported into the UK; shrinking by -22.2% compared with 2021. Overall, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% 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 +37.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. As a result, imports reached the peak of 16B units, and then contracted notably in the following year.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment dropped markedly to $775M in 2022. In general, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.3% 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 +24.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 65%. As a result, imports attained the peak of $1B, and then reduced dramatically in the following year.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 122 | 106 | 191 | 190 | 15.9% |
| United States | 98.4 | 88.0 | 98.9 | 117 | 5.9% |
| Germany | 154 | 133 | 164 | 92.6 | -15.6% |
| Italy | 42.4 | 45.3 | 41.5 | 40.1 | -1.8% |
| France | 42.6 | 51.9 | 63.8 | 39.1 | -2.8% |
| India | 13.6 | 13.5 | 19.9 | 31.6 | 32.4% |
| Taiwan (Chinese) | 20.7 | 19.8 | 29.9 | 27.4 | 9.8% |
| Poland | 7.5 | 9.1 | 20.1 | 24.2 | 47.8% |
| Ireland | 3.2 | 2.7 | 11.1 | 17.3 | 75.5% |
| Czech Republic | 17.1 | 17.5 | 180 | 16.8 | -0.6% |
| Japan | 20.4 | 9.1 | 14.0 | 15.7 | -8.4% |
| Netherlands | 34.1 | 32.2 | 39.2 | 7.8 | -38.8% |
| Turkey | 4.9 | 3.7 | 5.2 | 7.2 | 13.7% |
| Others | 122 | 89.1 | 145 | 148 | 6.7% |
| Total | 702 | 621 | 1,024 | 775 | 3.4% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to the UK in 2022:
- China (4417.5M units)
- Germany (2217.9M units)
- Italy (808.7M units)
- India (773.3M units)
- Ireland (543.5M units)
- France (495.9M units)
- Poland (336.9M units)
- United States (302.5M units)
- Taiwan (Chinese) (286.6M units)
- Turkey (227.5M units)
- Japan (212.9M units)
- Czech Republic (125.2M units)
- Netherlands (65.7M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which decreased by -16.5% to 4.1B units in 2022. In general, exports saw a deep reduction. The smallest decline of -15% was in 2020. Over the period under review, the exports of hit record highs at 7B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment reduced to $680M in 2022. The total export value increased at an average annual rate of +1.3% over the period 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 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $744M, and then shrank in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.2 | 67.4 | 102 | 123 | 9.3% |
| Germany | 56.3 | 49.6 | 178 | 106 | 23.5% |
| Ireland | 24.7 | 27.6 | 27.3 | 35.7 | 13.1% |
| China | 35.6 | 28.8 | 43.8 | 34.3 | -1.2% |
| France | 47.4 | 41.1 | 32.7 | 30.3 | -13.9% |
| Italy | 37.7 | 30.1 | 32.3 | 25.2 | -12.6% |
| Netherlands | 20.5 | 14.6 | 22.0 | 20.4 | -0.2% |
| India | 12.0 | 11.0 | 16.0 | 14.8 | 7.2% |
| United Arab Emirates | 16.2 | 11.4 | 11.0 | 14.5 | -3.6% |
| Saudi Arabia | 14.7 | 12.5 | 15.3 | 12.6 | -5.0% |
| Australia | 7.3 | 6.9 | 10.6 | 11.6 | 16.7% |
| Hong Kong SAR | 9.7 | 10.1 | 7.4 | 7.3 | -9.0% |
| Bahrain | 2.0 | 3.6 | 3.5 | 2.1 | 1.6% |
| Others | 277 | 233 | 243 | 242 | -4.4% |
| Total | 655 | 548 | 744 | 680 | 1.3% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from the UK in 2022:
- United States (463.6M units)
- Saudi Arabia (403.1M units)
- Ireland (402.0M units)
- Germany (262.8M units)
- France (200.7M units)
- United Arab Emirates (178.0M units)
- China (157.7M units)
- Netherlands (125.7M units)
- Bahrain (122.5M units)
- Hong Kong SAR (117.3M units)
- Italy (104.7M units)
- India (86.9M units)
- Australia (82.7M units)
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