Price for Electrical Push-Button and Rotary Switch in Germany - 2024

Price for Electrical Push-Button and Rotary Switch in Germany (FOB) - 2024

The average export price for electrical push-button and rotary switches for under 1000 v stood at $6.7 per unit in February 2024, growing by 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was the United States ($9.5 per unit), while the average price for exports to the United Arab Emirates ($2.2 per unit) 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 Brazil (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electrical Push-Button and Rotary Switch in Germany (CIF) - 2024

The average import price for electrical push-button and rotary switches for under 1000 v stood at $4.0 per unit in February 2024, growing by 28% against the previous month. Over the period from February 2023 to February 2024, it increased at an average monthly rate of +2.2%. 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 the United States ($13.5 per unit), while the price for Turkey ($1.4 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 India (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electrical Push-Button and Rotary Switch in Germany

In 2022, approx. 773M units of electrical push-button and rotary switches for under 1000 v were exported from Germany; which is down by -1.6% compared with the previous year's figure. Over the period under review, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. Over the period under review, the exports attained the peak figure at 797M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electrical push-button and rotary switch exports reduced modestly to $3.7B 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 relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $3.9B, and then contracted in the following year.

Export of Electrical Push-Button and Rotary Switch in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	424	436	502	428	0.3%
United States	304	260	329	320	1.7%
Italy	240	217	276	275	4.6%
Czech Republic	219	200	262	250	4.5%
France	242	200	234	243	0.1%
Netherlands	174	178	209	202	5.1%
Austria	171	157	196	185	2.7%
Poland	137	141	178	168	7.0%
United Kingdom	115	94.4	126	129	3.9%
Spain	123	110	119	125	0.5%
Turkey	61.5	65.9	78.9	81.4	9.8%
Hungary	78.3	63.9	76.9	71.9	-2.8%
Slovakia	46.3	38.4	45.2	46.7	0.3%
Others	1,235	1,037	1,250	1,209	-0.7%
Total	3,571	3,200	3,883	3,734	1.5%

Top Export Markets for Electrical Push-Button and Rotary Switch from Germany in 2022:

China (78.8M units)
Czech Republic (63.2M units)
France (60.3M units)
Italy (54.8M units)
Poland (50.2M units)
Netherlands (48.7M units)
Austria (37.5M units)
United States (36.3M units)
Spain (27.0M units)
Turkey (24.3M units)
Slovakia (22.5M units)
United Kingdom (22.2M units)
Hungary (20.5M units)

Imports of Electrical Push-Button and Rotary Switch in Germany

In 2022, imports of electrical push-button and rotary switches for under 1000 v into Germany reached 850M units, therefore, remained relatively stable against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 4.5%. Over the period under review, imports reached the peak figure at 862M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electrical push-button and rotary switch imports totaled $2.4B in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Electrical Push-Button and Rotary Switch in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	318	279	327	346	2.9%
Romania	147	187	255	293	25.8%
Czech Republic	229	196	205	199	-4.6%
Switzerland	162	155	174	185	4.5%
France	107	103	127	127	5.9%
Hungary	102	102	128	119	5.3%
Netherlands	28.5	65.4	101	99.4	51.7%
Italy	48.3	50.1	66.4	71.1	13.8%
Tunisia	53.8	43.0	60.5	62.2	5.0%
Poland	58.6	65.0	66.6	62.2	2.0%
Bulgaria	41.9	45.1	61.3	59.8	12.6%
United Kingdom	61.6	63.9	50.2	44.6	-10.2%
Spain	38.0	37.0	34.3	28.4	-9.3%
Others	756	618	724	729	-1.2%
Total	2,150	2,009	2,380	2,426	4.1%