Price for Electrical Push-Button and Rotary Switch in Finland - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Finland (FOB) - 2024
- Price for Electrical Push-Button and Rotary Switch in Finland (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in Finland
- Imports of Electrical Push-Button and Rotary Switch in Finland
Price for Electrical Push-Button and Rotary Switch in Finland (FOB) - 2024
In February 2024, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $1.9 per unit, surging by 7.6% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 13% against the previous month. As a result, the export price attained the peak level of $1.9 per unit; afterwards, it flattened through to February 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($2.1 per unit), while the average price for exports to Qatar ($951 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Finland (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $2.8 per unit in February 2024, reducing by -4.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 11% m-o-m. Over the period under review, average import prices hit record highs at $3.2 per unit in April 2023; however, from May 2023 to February 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the UK ($6.1 per unit), while the price for China ($1.1 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 Turkey (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Finland
In 2022, electrical push-button and rotary switch exports from Finland contracted slightly to 90M units, waning by -4% against the year before. Over the period under review, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 7.2%. Over the period under review, the exports reached the peak figure at 94M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electrical push-button and rotary switch exports reached $141M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Electrical Push-Button and Rotary Switch in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.7 | 31.8 | 36.9 | 41.6 | 10.7% |
| Italy | 10.4 | 10.1 | 12.8 | 14.4 | 11.5% |
| Sweden | 5.6 | 6.5 | 10.0 | 11.9 | 28.6% |
| Germany | 8.5 | 6.4 | 7.6 | 7.6 | -3.7% |
| Estonia | 7.5 | 7.0 | 7.7 | 6.8 | -3.2% |
| China | 3.9 | 4.8 | 4.7 | 4.9 | 7.9% |
| Ireland | 6.1 | 2.9 | 3.2 | 4.9 | -7.0% |
| Netherlands | 3.0 | 3.3 | 3.9 | 4.6 | 15.3% |
| United Kingdom | 4.0 | 3.1 | 5.4 | 4.4 | 3.2% |
| Hungary | 0.3 | 0.4 | 1.4 | 3.4 | 124.6% |
| Poland | 3.3 | 3.4 | 3.7 | 3.3 | 0.0% |
| United Arab Emirates | 3.9 | 2.6 | 2.7 | 2.3 | -16.1% |
| India | 1.8 | 0.9 | 0.9 | 1.9 | 1.8% |
| Others | 45.6 | 42.4 | 38.5 | 28.6 | -14.4% |
| Total | 134 | 126 | 139 | 141 | 1.7% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Finland in 2022:
- United States (21.1M units)
- Italy (14.7M units)
- Sweden (8.5M units)
- Germany (4.5M units)
- Ireland (4.1M units)
- Estonia (3.5M units)
- China (3.0M units)
- United Kingdom (2.6M units)
- Hungary (2.6M units)
- Netherlands (2.2M units)
- Poland (2.2M units)
- United Arab Emirates (1.9M units)
- India (1.7M units)
Imports of Electrical Push-Button and Rotary Switch in Finland
For the fourth year in a row, Finland recorded growth in supplies from abroad of electrical push-button and rotary switches for under 1000 v, which increased by 20% to 34M units in 2022. The total import volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, electrical push-button and rotary switch imports reached $92M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Electrical Push-Button and Rotary Switch in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.9 | 30.0 | 32.5 | 35.2 | 13.8% |
| Sweden | 2.3 | 7.3 | 13.1 | 15.6 | 89.3% |
| Netherlands | 0.4 | 4.2 | 5.2 | 5.5 | 139.6% |
| China | 6.2 | 2.9 | 4.2 | 4.2 | -12.2% |
| France | 4.3 | 2.3 | 2.8 | 4.1 | -1.6% |
| Taiwan (Chinese) | 1.8 | 1.4 | 2.7 | 3.1 | 19.9% |
| United Kingdom | 2.2 | 2.2 | 1.6 | 2.9 | 9.6% |
| Italy | 2.6 | 2.1 | 2.1 | 2.0 | -8.4% |
| Czech Republic | 2.0 | 1.7 | 1.9 | 1.7 | -5.3% |
| Austria | 1.0 | 0.9 | 1.1 | 1.7 | 19.3% |
| Poland | 1.3 | 0.8 | 1.0 | 1.2 | -2.6% |
| Estonia | 1.7 | 1.5 | 0.9 | 1.0 | -16.2% |
| Lithuania | 1.7 | 1.3 | 1.4 | 1.0 | -16.2% |
| Others | 20.4 | 8.8 | 10.4 | 12.2 | -15.7% |
| Total | 71.8 | 67.4 | 81.0 | 91.5 | 8.4% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Finland in 2022:
- Germany (11.1M units)
- Sweden (6.9M units)
- France (2.5M units)
- China (2.4M units)
- Netherlands (1.5M units)
- Italy (1.0M units)
- Taiwan (Chinese) (0.8M units)
- Poland (0.8M units)
- Estonia (0.8M units)
- Lithuania (0.7M units)
- Austria (0.7M units)
- United Kingdom (0.6M units)
- Czech Republic (0.5M units)
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