Price for Electrical Push-Button and Rotary Switch in Australia - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Australia (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Australia (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Australia
- Exports of Electrical Push-Button and Rotary Switch in Australia
Price for Electrical Push-Button and Rotary Switch in Australia (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $3.1 per unit, picking up by 5.3% against the previous year. Over the period under review, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 134% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($3.1 per unit) and Japan ($3.1 per unit), while the price for France ($3.1 per unit) and New Zealand ($3.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Australia (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $3.5 per unit in 2022, increasing by 13% against the previous year. Over the period under review, the export price enjoyed a notable expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 78%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($3.5 per unit) and India ($3.5 per unit), while the average price for exports to Singapore ($3.5 per unit) and New Zealand ($3.5 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 New Zealand (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Australia
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into Australia totaled 67M units, remaining constant against 2021 figures. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, electrical push-button and rotary switch imports rose markedly to $206M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.0 | 45.2 | 59.3 | 59.4 | 12.2% |
| United States | 26.6 | 23.3 | 25.9 | 28.7 | 2.6% |
| Germany | 12.9 | 12.9 | 16.2 | 16.7 | 9.0% |
| New Zealand | 7.2 | 7.8 | 12.3 | 13.6 | 23.6% |
| Mexico | 8.2 | 7.3 | 9.2 | 11.6 | 12.3% |
| Vietnam | 6.1 | 7.3 | 10.5 | 8.1 | 9.9% |
| France | 6.5 | 6.7 | 7.3 | 6.8 | 1.5% |
| Taiwan (Chinese) | 4.4 | 4.4 | 5.4 | 5.9 | 10.3% |
| Japan | 5.9 | 5.6 | 5.6 | 5.4 | -2.9% |
| United Kingdom | 4.3 | 4.2 | 5.3 | 5.3 | 7.2% |
| Italy | 4.5 | 4.4 | 4.1 | 4.5 | 0.0% |
| Poland | 2.9 | 3.2 | 3.4 | 4.3 | 14.0% |
| Malaysia | 3.2 | 2.1 | 1.6 | 3.2 | 0.0% |
| Others | 28.1 | 25.3 | 27.9 | 32.9 | 5.4% |
| Total | 163 | 160 | 194 | 206 | 8.1% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Australia in 2022:
- China (19.3M units)
- United States (9.3M units)
- Germany (5.4M units)
- New Zealand (4.4M units)
- Mexico (3.8M units)
- Vietnam (2.6M units)
- France (2.2M units)
- Taiwan (Chinese) (1.9M units)
- Japan (1.8M units)
- United Kingdom (1.7M units)
- Italy (1.4M units)
- Poland (1.4M units)
- Malaysia (1.0M units)
Exports of Electrical Push-Button and Rotary Switch in Australia
In 2022, approx. 10M units of electrical push-button and rotary switches for under 1000 v were exported from Australia; which is down by -29.5% on the previous year. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 134%. As a result, the exports attained the peak of 15M units, and then declined notably in the following year.
In value terms, electrical push-button and rotary switch exports fell significantly to $37M in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 142%. As a result, the exports attained the peak of $46M, and then dropped markedly in the following year.
| Export of Electrical Push-Button and Rotary Switch in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 6.4 | 8.2 | 8.9 | 9.0 | 12.0% |
| United States | 5.6 | 2.0 | 5.1 | 8.4 | 14.5% |
| Indonesia | 0.4 | 0.6 | 1.4 | 2.6 | 86.6% |
| Singapore | 0.5 | 0.6 | 1.5 | 2.1 | 61.3% |
| India | 0.1 | N/A | 17.4 | 1.7 | 157.1% |
| Papua New Guinea | 1.4 | 1.6 | 1.7 | 1.4 | 0.0% |
| China | 1.0 | 0.4 | 1.8 | 1.4 | 11.9% |
| Saudi Arabia | 0.8 | 0.4 | 0.1 | 0.8 | 0.0% |
| Netherlands | 0.8 | 0.2 | 0.4 | 0.8 | 0.0% |
| Philippines | 0.5 | 0.1 | 0.2 | 0.8 | 17.0% |
| Japan | 0.2 | N/A | 0.1 | 0.8 | 58.7% |
| Thailand | 0.1 | 0.4 | 0.1 | 0.7 | 91.3% |
| Others | 4.2 | 4.4 | 7.2 | 6.2 | 13.9% |
| Total | 22.1 | 18.9 | 45.8 | 36.6 | 18.3% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Australia in 2022:
- New Zealand (2538.7K units)
- United States (2386.0K units)
- Indonesia (742.6K units)
- Singapore (599.9K units)
- India (471.6K units)
- Papua New Guinea (406.7K units)
- China (397.6K units)
- Japan (224.4K units)
- Netherlands (219.5K units)
- Philippines (216.6K units)
- Saudi Arabia (214.3K units)
- Thailand (204.8K units)
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