Price for Electrical Push-Button and Rotary Switch in Canada - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Canada (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Canada (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Canada
- Exports of Electrical Push-Button and Rotary Switch in Canada
Price for Electrical Push-Button and Rotary Switch in Canada (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, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2021 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $3.1 per unit, leveling off in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($3.1 per unit) and the United States ($3.1 per unit), while the price for France ($3.1 per unit) and Germany ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Canada (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $3.2 per unit, waning by -12.4% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 export price increased by +4.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 22%. As a result, the export price reached the peak level of $3.7 per unit, and then dropped in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($3.2 per unit) and Mexico ($3.2 per unit), while the average price for exports to France ($3.2 per unit) and the UK ($3.2 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 the Philippines (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Canada
In 2022, approx. 213M units of electrical push-button and rotary switches for under 1000 v were imported into Canada; growing by 5.8% on the previous year's figure. Over the period under review, imports, however, saw a slight downturn. Over the period under review, imports attained the maximum at 222M 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 $665M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 231 | 254 | 305 | 306 | 9.8% |
| China | 74.0 | 69.6 | 90.3 | 92.3 | 7.6% |
| Mexico | 96.0 | 79.2 | 70.5 | 77.7 | -6.8% |
| Japan | 34.1 | 32.1 | 42.0 | 56.0 | 18.0% |
| Germany | 27.5 | 22.9 | 23.4 | 25.0 | -3.1% |
| France | 11.0 | 9.5 | 11.2 | 15.1 | 11.1% |
| Taiwan (Chinese) | 8.4 | 8.3 | 10.8 | 11.2 | 10.1% |
| Others | 68.4 | 55.4 | 76.2 | 81.9 | 6.2% |
| Total | 550 | 531 | 629 | 665 | 6.5% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Canada in 2022:
- United States (98.1M units)
- China (29.6M units)
- Mexico (24.9M units)
- Japan (18.0M units)
- Germany (8.0M units)
- France (4.8M units)
- Taiwan (Chinese) (3.6M units)
Exports of Electrical Push-Button and Rotary Switch in Canada
After two years of decline, overseas shipments of electrical push-button and rotary switches for under 1000 v increased by 24% to 27M units in 2022. Overall, exports, however, showed a deep downturn. The exports peaked at 46M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electrical push-button and rotary switch exports expanded rapidly to $86M in 2022. In general, exports, however, saw a deep reduction. Over the period under review, the exports attained the maximum at $130M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electrical Push-Button and Rotary Switch in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.6 | 51.0 | 50.2 | 58.1 | -8.8% |
| United Kingdom | 11.0 | 3.7 | 1.7 | 4.7 | -24.7% |
| Germany | 1.2 | 1.1 | 2.7 | 3.3 | 40.1% |
| Mexico | 9.3 | 7.2 | 4.0 | 2.9 | -32.2% |
| France | 5.0 | 1.4 | 3.6 | 2.0 | -26.3% |
| China | 5.9 | 2.0 | 1.7 | 1.5 | -36.7% |
| Philippines | 2.2 | 1.4 | 0.8 | 1.4 | -14.0% |
| Japan | 2.6 | 1.7 | 2.3 | 1.0 | -27.3% |
| Others | 15.7 | 11.9 | 12.5 | 11.3 | -10.4% |
| Total | 130 | 81.4 | 79.5 | 86.2 | -12.8% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Canada in 2022:
- United States (18.0M units)
- United Kingdom (1.5M units)
- Germany (1.0M units)
- Mexico (0.9M units)
- France (0.6M units)
- China (0.5M units)
- Philippines (0.4M units)
- Japan (0.3M units)
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