Price for Electrical Push-Button and Rotary Switch in Colombia - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Colombia (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Colombia (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Colombia
- Exports of Electrical Push-Button and Rotary Switch in Colombia
Price for Electrical Push-Button and Rotary Switch in Colombia (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, picking up by 14% against the previous year. Overall, the import price, however, recorded a pronounced slump. The import price peaked at $1 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Japan ($1.7 per unit), while the price for China ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Push-Button and Rotary Switch in Colombia (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.5 per unit, declining by -10.7% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 27%. As a result, the export price attained the peak level of $0.9 per unit. From 2017 to 2022, the average export prices remained at a somewhat 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 Ecuador ($0.7 per unit), while the average price for exports to Panama ($0.3 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 Ecuador (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Colombia
After three years of growth, supplies from abroad of electrical push-button and rotary switches for under 1000 v decreased by -12% to 89M units in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +47.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, imports reached the peak of 101M units, and then reduced in the following year.
In value terms, electrical push-button and rotary switch imports amounted to $53M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +64.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.8 | 11.4 | 22.0 | 21.8 | 22.7% |
| United States | 4.2 | 4.4 | 5.6 | 5.4 | 8.7% |
| France | 2.0 | 2.4 | 4.2 | 3.9 | 24.9% |
| Mexico | 2.6 | 2.1 | 4.0 | 3.7 | 12.5% |
| India | 1.0 | 1.5 | 2.8 | 3.2 | 47.4% |
| Taiwan (Chinese) | 1.7 | 1.5 | 2.2 | 2.6 | 15.2% |
| Brazil | 1.5 | 1.4 | 1.5 | 1.9 | 8.2% |
| South Korea | 1.4 | 0.9 | 0.8 | 1.0 | -10.6% |
| Chile | 0.7 | 0.6 | 0.9 | 0.1 | -47.7% |
| Others | 7.3 | 6.4 | 9.1 | 9.9 | 10.7% |
| Total | 34.2 | 32.5 | 53.1 | 53.4 | 16.0% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Colombia in 2022:
- China (56.9M units)
- United States (5.7M units)
- India (5.2M units)
- Mexico (3.9M units)
- Brazil (3.1M units)
- Taiwan (Chinese) (3.0M units)
- France (2.8M units)
- South Korea (1.2M units)
- Chile (0.2M units)
Exports of Electrical Push-Button and Rotary Switch in Colombia
In 2022, the amount of electrical push-button and rotary switches for under 1000 v exported from Colombia shrank to 8.5M units, remaining constant against the year before. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 94%. As a result, the exports reached the peak of 8.6M units, leveling off in the following year.
In value terms, electrical push-button and rotary switch exports contracted to $4M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 87%. As a result, the exports reached the peak of $4.6M, and then shrank in the following year.
| Export of Electrical Push-Button and Rotary Switch in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 912 | 505 | 1,249 | 1,686 | 22.7% |
| Peru | 1,211 | 1,072 | 2,148 | 991 | -6.5% |
| Chile | 430 | 433 | 692 | 634 | 13.8% |
| Ecuador | 103 | 164 | 115 | 289 | 41.0% |
| Panama | 45.7 | 67.9 | 61.2 | 32.3 | -10.9% |
| Others | 168 | 198 | 289 | 396 | 33.1% |
| Total | 2,869 | 2,440 | 4,554 | 4,027 | 12.0% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Colombia in 2022:
- Costa Rica (4.9M units)
- Peru (1.6M units)
- Chile (1.1M units)
- Ecuador (0.4M units)
- Panama (0.1M units)
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