Price for Electrical Push-Button and Rotary Switch in China - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in China (FOB) - 2022
- Price for Electrical Push-Button and Rotary Switch in China (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in China
- Imports of Electrical Push-Button and Rotary Switch in China
Price for Electrical Push-Button and Rotary Switch in China (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $0.4 per unit in 2022, with a decrease of -8.9% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2014 when the average export price increased by 10%. As a result, the export price attained the peak level of $0.8 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($0.7 per unit), while the average price for exports to India ($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 Mexico (-1.4%), while the prices for the other major destinations experienced a decline.
Price for Electrical Push-Button and Rotary Switch in China (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $199 per thousand units in February 2024, leveling off at the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 an increase of 7.4% month-to-month. Over the period under review, average import prices attained the maximum at $221 per thousand units in May 2023; however, from June 2023 to February 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($858 per thousand units), while the price for Russia ($89.0 per thousand units) was amongst the lowest.
From April 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in China
In 2022, approx. 8.4B units of electrical push-button and rotary switches for under 1000 v were exported from China; growing by 12% compared with the previous year. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, electrical push-button and rotary switch exports expanded slightly to $3.4B in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 398 | 412 | 501 | 527 | 9.8% |
| Hong Kong SAR | 477 | 515 | 503 | 460 | -1.2% |
| Japan | 208 | 184 | 220 | 212 | 0.6% |
| Germany | 146 | 145 | 182 | 177 | 6.6% |
| Mexico | 90.5 | 98.3 | 151 | 168 | 22.9% |
| South Korea | 84.2 | 78.9 | 123 | 136 | 17.3% |
| Vietnam | 53.4 | 111 | 128 | 113 | 28.4% |
| India | 46.6 | 44.2 | 64.8 | 75.8 | 17.6% |
| Malaysia | 42.9 | 53.2 | 76.7 | 74.7 | 20.3% |
| Thailand | 57.0 | 56.7 | 74.2 | 68.0 | 6.1% |
| Brazil | 39.8 | 39.7 | 55.9 | 62.7 | 16.4% |
| Indonesia | 39.9 | 32.7 | 43.2 | 50.6 | 8.2% |
| Turkey | 29.7 | 37.2 | 49.0 | 49.8 | 18.8% |
| Others | 848 | 913 | 1,122 | 1,189 | 11.9% |
| Total | 2,561 | 2,720 | 3,292 | 3,363 | 9.5% |
Top Export Markets for Electrical Push-Button and Rotary Switch from China in 2022:
- United States (840.1M units)
- Vietnam (828.5M units)
- Hong Kong SAR (814.5M units)
- India (775.1M units)
- South Korea (477.8M units)
- Japan (377.4M units)
- Thailand (358.2M units)
- Malaysia (283.8M units)
- Germany (267.6M units)
- Mexico (261.7M units)
- Turkey (253.6M units)
- Brazil (253.2M units)
- Indonesia (227.2M units)
Imports of Electrical Push-Button and Rotary Switch in China
In 2022, approx. 1.1B units of electrical push-button and rotary switches for under 1000 v were imported into China; growing by 18% on the year before. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 117%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, electrical push-button and rotary switch imports contracted to $2B in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 53% against the previous year. Imports peaked at $2.2B in 2021, and then dropped in the following year.
| Import of Electrical Push-Button and Rotary Switch in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 415 | 462 | 507 | 436 | 1.7% |
| Germany | 208 | 258 | 283 | 233 | 3.9% |
| Malaysia | 36.0 | 34.0 | 41.9 | 107 | 43.8% |
| United States | 73.2 | 70.7 | 88.4 | 102 | 11.7% |
| France | 52.2 | 62.1 | 82.1 | 66.4 | 8.4% |
| Vietnam | 26.1 | 32.1 | 43.9 | 53.5 | 27.0% |
| Indonesia | 37.6 | 39.5 | 48.5 | 52.3 | 11.6% |
| Mexico | 39.8 | 38.9 | 43.2 | 39.2 | -0.5% |
| South Korea | 61.8 | 51.5 | 44.9 | 38.8 | -14.4% |
| Romania | 21.9 | 20.4 | 32.7 | 32.5 | 14.1% |
| Poland | 15.1 | 18.7 | 22.7 | 21.0 | 11.6% |
| Netherlands | 16.7 | 12.2 | 15.2 | 18.4 | 3.3% |
| United Kingdom | 14.1 | 12.9 | 15.0 | 12.9 | -2.9% |
| Others | 280 | 873 | 923 | 778 | 40.6% |
| Total | 1,297 | 1,987 | 2,192 | 1,991 | 15.4% |
Top Suppliers of Electrical Push-Button and Rotary Switch to China in 2022:
- Japan (122.6M units)
- Indonesia (96.1M units)
- Vietnam (67.4M units)
- Malaysia (47.9M units)
- Germany (44.8M units)
- France (43.1M units)
- South Korea (42.9M units)
- Poland (35.6M units)
- United Kingdom (34.6M units)
- Mexico (33.9M units)
- Romania (32.7M units)
- Netherlands (32.0M units)
- United States (25.6M units)
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