Price for Electrical Push-Button and Rotary Switch in Bangladesh - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Bangladesh (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Bangladesh (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Bangladesh
- Exports of Electrical Push-Button and Rotary Switch in Bangladesh
Price for Electrical Push-Button and Rotary Switch in Bangladesh (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $0.6 per unit in 2022, growing by 21% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical push-button and rotary switch import price increased by +63.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 35%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 India ($3.5 per unit), while the price for Thailand ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Bangladesh (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.7 per unit, falling by -7.5% against the previous year. In general, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 137%. As a result, the export price attained the peak level of $4.4 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($3.8 per unit), while the average price for exports to Costa Rica (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 Democratic Republic of the Congo (+68.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Bangladesh
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into Bangladesh shrank to 32M units, with a decrease of -9.4% against 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 6.5% against the previous year. Imports peaked at 39M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electrical push-button and rotary switch imports stood at $21M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +57.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 7.8 | 9.5 | 12.4 | 13.9% |
| India | 2.1 | 1.8 | 2.8 | 2.6 | 7.4% |
| South Korea | 1.3 | 0.8 | 1.4 | 1.6 | 7.2% |
| Italy | 1.0 | 0.3 | 0.8 | 1.0 | 0.0% |
| Thailand | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Others | 2.6 | 2.3 | 4.1 | 2.9 | 3.7% |
| Total | 15.6 | 13.0 | 18.7 | 20.6 | 9.7% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Bangladesh in 2022:
- China (27.6M units)
- South Korea (2.0M units)
- India (0.7M units)
- Italy (0.6M units)
- Thailand (0.5M units)
Exports of Electrical Push-Button and Rotary Switch in Bangladesh
In 2022, approx. 14K units of electrical push-button and rotary switches for under 1000 v were exported from Bangladesh; waning by -95.9% against the previous year. Over the period under review, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4,884% against the previous year. As a result, the exports reached the peak of 338K units, and then dropped notably in the following year.
In value terms, electrical push-button and rotary switch exports fell dramatically to $9.7K in 2022. In general, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by 1,891%. As a result, the exports attained the peak of $257K, and then fell remarkably in the following year.
| Export of Electrical Push-Button and Rotary Switch in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | N/A | N/A | N/A | 1.9 | 0% |
| Switzerland | N/A | N/A | 0.3 | 1.9 | 533.3% |
| Malaysia | N/A | N/A | N/A | 1.5 | 0% |
| Maldives | 0.1 | N/A | 0.3 | 1.1 | 122.4% |
| Taiwan (Chinese) | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Austria | N/A | 0.4 | 0.3 | 0.7 | 32.3% |
| Brazil | N/A | N/A | N/A | 0.6 | 0% |
| Bahrain | N/A | N/A | N/A | 0.1 | 0% |
| Guatemala | N/A | N/A | N/A | 0.1 | 0% |
| Seychelles | N/A | N/A | N/A | N/A | 0% |
| Costa Rica | N/A | N/A | N/A | N/A | 0% |
| Mexico | 39.2 | 2.1 | 0.4 | N/A | -89.9% |
| Myanmar | N/A | N/A | 239 | N/A | 0% |
| Others | 15.5 | 10.4 | 16.3 | 0.8 | -62.8% |
| Total | 54.9 | 12.9 | 257 | 9.7 | -43.9% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Bangladesh in 2022:
- Slovakia (7.2K units)
- Bahrain (1.3K units)
- Maldives (0.8K units)
- Taiwan (Chinese) (0.8K units)
- Malaysia (0.7K units)
- Brazil (0.6K units)
- Austria (0.6K units)
- Costa Rica (0.5K units)
- Switzerland (0.5K units)
- Guatemala (0.3K units)
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