Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam - 2022
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam (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, surging by 14% against the previous year. Overall, the import price, however, showed a mild descent. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. The import price peaked at $0.2 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($0.1 per unit) and China ($0.1 per unit), while the price for Thailand ($0.1 per unit) and South Korea ($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 Japan (-1.6%), while the prices for the other major suppliers experienced a decline.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam (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 12% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 20%. As a result, the export price attained the peak level of $0.1 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($0.1 per unit) and the United States ($0.1 per unit), while the average price for exports to Thailand ($0.1 per unit) and Germany ($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 Japan (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam
Imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into Vietnam declined to 19B units in 2022, dropping by -7.6% compared with 2021. Overall, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2021 when imports increased by 5.2% against the previous year. 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 expanded markedly to $2.5B in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Imports peaked 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 847 | 1,152 | 1,380 | 1,463 | 20.0% |
| Japan | 539 | 420 | 413 | 419 | -8.1% |
| South Korea | 363 | 347 | 375 | 405 | 3.7% |
| Thailand | 47.4 | 49.8 | 63.4 | 68.3 | 12.9% |
| Others | 123 | 132 | 164 | 170 | 11.4% |
| Total | 1,919 | 2,101 | 2,395 | 2,525 | 9.6% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Vietnam in 2022:
- China (11.1B units)
- Japan (3.1B units)
- South Korea (3.1B units)
- Thailand (0.5B units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam
In 2022, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from Vietnam declined remarkably to 5.5B units, falling by -21.5% on the year before. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year. As a result, the exports reached the peak of 7B units, and then contracted remarkably in the following year.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment contracted to $538M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +33.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. As a result, the exports attained the peak of $609M, and then contracted in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 65.7 | 74.9 | 208 | 123 | 23.2% |
| United States | 109 | 102 | 113 | 110 | 0.3% |
| Japan | 91.0 | 88.8 | 94.7 | 103 | 4.2% |
| China | 47.3 | 50.8 | 65.6 | 68.2 | 13.0% |
| Thailand | 19.3 | 22.6 | 31.4 | 32.9 | 19.5% |
| Hong Kong SAR | 10.7 | 12.5 | 28.9 | 25.1 | 32.9% |
| Germany | 21.3 | 16.7 | 20.7 | 21.3 | 0.0% |
| Others | 38.2 | 40.1 | 46.9 | 53.6 | 12.0% |
| Total | 402 | 408 | 609 | 538 | 10.2% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Vietnam in 2022:
- South Korea (1343.0M units)
- United States (1046.8M units)
- Japan (971.5M units)
- China (747.5M units)
- Thailand (367.5M units)
- Hong Kong SAR (277.6M units)
- Germany (236.7M units)
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