Price for Electrical Push-Button and Rotary Switch in Belgium - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Belgium (FOB) - 2022
- Price for Electrical Push-Button and Rotary Switch in Belgium (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in Belgium
- Imports of Electrical Push-Button and Rotary Switch in Belgium
Price for Electrical Push-Button and Rotary Switch in Belgium (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $1.9 per unit, which is down by -12.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 29% against the previous year. The export price peaked at $2.2 per unit in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($4.4 per unit), while the average price for exports to Luxembourg ($0.6 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 Poland (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Belgium (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $2.2 per unit in February 2024, jumping by 215% against the previous month. Over the period under review, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($6.6 per unit), while the price for China ($1.3 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Belgium
For the fourth consecutive year, Belgium recorded growth in shipments abroad of electrical push-button and rotary switches for under 1000 v, which increased by 23% to 147M units in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, electrical push-button and rotary switch exports rose notably to $279M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 33.8 | 41.8 | 50.9 | 55.2 | 17.8% |
| France | 25.1 | 29.5 | 36.2 | 37.3 | 14.1% |
| Italy | 10.5 | 13.7 | 18.9 | 20.0 | 24.0% |
| Netherlands | 10.2 | 13.1 | 15.4 | 16.1 | 16.4% |
| United States | 6.1 | 8.8 | 12.2 | 15.8 | 37.3% |
| United Kingdom | 10.8 | 13.6 | 13.2 | 13.5 | 7.7% |
| Spain | 6.7 | 8.9 | 10.8 | 11.0 | 18.0% |
| Brazil | 4.3 | 6.5 | 7.7 | 10.5 | 34.7% |
| Czech Republic | 5.5 | 5.8 | 8.2 | 9.3 | 19.1% |
| Poland | 4.7 | 5.5 | 8.7 | 6.4 | 10.8% |
| Denmark | 2.9 | 3.7 | 4.4 | 4.3 | 14.0% |
| Romania | 1.4 | 1.7 | 2.2 | 2.5 | 21.3% |
| Luxembourg | 1.8 | 1.7 | 2.0 | 2.5 | 11.6% |
| Others | 41.0 | 56.0 | 68.0 | 74.2 | 21.9% |
| Total | 165 | 210 | 259 | 279 | 19.1% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Belgium in 2022:
- Germany (36.6M units)
- France (26.8M units)
- Italy (19.5M units)
- Brazil (7.5M units)
- Spain (4.7M units)
- Denmark (4.4M units)
- Poland (4.2M units)
- United States (4.0M units)
- Netherlands (4.0M units)
- Luxembourg (4.0M units)
- Romania (3.5M units)
- Czech Republic (3.3M units)
- United Kingdom (3.1M units)
Imports of Electrical Push-Button and Rotary Switch in Belgium
In 2022, purchases abroad of electrical push-button and rotary switches for under 1000 v decreased by -30% to 549M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 79% against the previous year. As a result, imports reached the peak of 784M units, and then fell markedly in the following year.
In value terms, electrical push-button and rotary switch imports reduced to $259M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of $281M, and then contracted in the following year.
| Import of Electrical Push-Button and Rotary Switch in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 80.3 | 73.9 | 91.7 | 84.9 | 1.9% |
| China | 26.1 | 26.6 | 31.7 | 33.9 | 9.1% |
| Netherlands | 22.3 | 25.0 | 36.6 | 30.9 | 11.5% |
| France | 17.1 | 20.3 | 30.6 | 29.2 | 19.5% |
| Others | 74.3 | 85.8 | 89.9 | 80.7 | 2.8% |
| Total | 220 | 232 | 281 | 259 | 5.6% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Belgium in 2022:
- Germany (373.3M units)
- Netherlands (92.1M units)
- France (31.8M units)
- China (25.4M units)
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