Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States (FOB) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States (CIF) - 2022
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States (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, with an increase of 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level 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 Japan ($0.3 per unit), while the average price for exports to Singapore ($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 Japan (+11.2%), 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 the United States (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.2 per unit, with an increase of 19% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +74.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($0.5 per unit), while the price for Malaysia ($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 the UK (+16.4%), 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 the United States
In 2022, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from the United States declined to 35B units, waning by -3.5% on the year before. Over the period under review, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The exports peaked at 36B units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $4.5B in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,919 | 1,492 | 1,967 | 2,466 | 8.7% |
| Canada | 324 | 269 | 350 | 402 | 7.5% |
| China | 256 | 251 | 273 | 273 | 2.2% |
| Germany | 149 | 126 | 149 | 166 | 3.7% |
| Honduras | 89.2 | 77.4 | 83.3 | 92.1 | 1.1% |
| Singapore | 95.5 | 99.9 | 83.7 | 87.8 | -2.8% |
| Hong Kong SAR | 89.9 | 104 | 91.5 | 74.5 | -6.1% |
| Others | 816 | 709 | 781 | 913 | 3.8% |
| Total | 3,739 | 3,129 | 3,778 | 4,474 | 6.2% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from the United States in 2022:
- Mexico (22.5B units)
- Canada (3.2B units)
- China (2.0B units)
- Germany (1.5B units)
- Honduras (0.8B units)
- Singapore (0.8B units)
- Hong Kong SAR (0.6B units)
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States
In 2022, approx. 18B units of electrical circuit prefabricated elements, connectors, contact elements and other equipment were imported into the United States; increasing by 6.8% on the year before. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked at 21B units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment surged to $3.4B in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +70.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 507 | 462 | 633 | 878 | 20.1% |
| China | 373 | 377 | 549 | 701 | 23.4% |
| Germany | 258 | 218 | 280 | 315 | 6.9% |
| Japan | 192 | 158 | 207 | 210 | 3.0% |
| Taiwan (Chinese) | 109 | 96.8 | 139 | 168 | 15.5% |
| India | 89.3 | 73.6 | 100 | 133 | 14.2% |
| Canada | 91.1 | 88.2 | 95.3 | 118 | 9.0% |
| South Korea | 43.1 | 44.3 | 78.2 | 99.8 | 32.3% |
| Italy | 47.6 | 33.5 | 47.9 | 80.9 | 19.3% |
| Switzerland | 71.5 | 54.3 | 66.4 | 77.1 | 2.5% |
| Czech Republic | 30.5 | 27.8 | 37.4 | 48.1 | 16.4% |
| Malaysia | 30.7 | 26.8 | 40.9 | 47.4 | 15.6% |
| Others | 453 | 351 | 419 | 551 | 6.7% |
| Total | 2,295 | 2,010 | 2,694 | 3,427 | 14.3% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to the United States in 2022:
- Mexico (3.6B units)
- China (3.4B units)
- Japan (2.5B units)
- Germany (2.2B units)
- Taiwan (Chinese) (0.8B units)
- Malaysia (0.8B units)
- South Korea (0.7B units)
- Switzerland (0.6B units)
- Canada (0.4B units)
- Czech Republic (0.4B units)
- India (0.4B units)
- Italy (0.2B units)
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