Price for Electrical Push-Button and Rotary Switch in Hong Kong SAR - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in Hong Kong SAR (FOB) - 2023
- Price for Electrical Push-Button and Rotary Switch in Hong Kong SAR (CIF) - 2023
- Exports of Electrical Push-Button and Rotary Switch in Hong Kong SAR
- Imports of Electrical Push-Button and Rotary Switch in Hong Kong SAR
Price for Electrical Push-Button and Rotary Switch in Hong Kong SAR (FOB) - 2023
In December 2023, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $4.2 per unit, increasing by 79% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $4.5 per unit in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($5.8 per unit), while the average price for exports to India ($1.9 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Hong Kong SAR (CIF) - 2023
The average import price for electrical push-button and rotary switches for under 1000 v stood at $1.7 per unit in December 2023, surging by 5.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in September 2023 when the average import price increased by 29% month-to-month. As a result, import price attained the peak level of $2.0 per unit. From October 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($6.3 per unit), while the price for China ($1.0 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electrical Push-Button and Rotary Switch in Hong Kong SAR
In 2022, overseas shipments of electrical push-button and rotary switches for under 1000 v decreased by -39.1% to 316M units, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 10%. As a result, the exports attained the peak of 536M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, electrical push-button and rotary switch exports dropped significantly to $900M in 2022. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of $1.2B, and then fell notably in the following year.
| Export of Electrical Push-Button and Rotary Switch in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 538 | 494 | 605 | 466 | -4.7% |
| United States | 94.9 | 81.8 | 96.6 | 73.9 | -8.0% |
| Germany | 126 | 107 | 115 | 64.7 | -19.9% |
| Mexico | 20.0 | 25.8 | 50.9 | 30.3 | 14.9% |
| Taiwan (Chinese) | 26.3 | 28.3 | 29.7 | 29.3 | 3.7% |
| Vietnam | 30.8 | 32.3 | 27.5 | 23.8 | -8.2% |
| United Kingdom | 34.5 | 23.8 | 23.5 | 20.8 | -15.5% |
| Thailand | 18.5 | 19.7 | 25.4 | 18.7 | 0.4% |
| Australia | 13.1 | 13.9 | 10.6 | 4.3 | -31.0% |
| Others | 167 | 156 | 196 | 168 | 0.2% |
| Total | 1,069 | 983 | 1,181 | 900 | -5.6% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Hong Kong SAR in 2022:
- China (117.9M units)
- United States (109.6M units)
- United Kingdom (15.0M units)
- Germany (11.4M units)
- Taiwan (Chinese) (5.9M units)
- Mexico (5.4M units)
- Thailand (5.0M units)
- Vietnam (3.7M units)
- Australia (2.6M units)
Imports of Electrical Push-Button and Rotary Switch in Hong Kong SAR
After three years of growth, supplies from abroad of electrical push-button and rotary switches for under 1000 v decreased by -32.4% to 507M units in 2022. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 749M units, and then fell significantly in the following year.
In value terms, electrical push-button and rotary switch imports reduced sharply to $766M in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of $1B, and then shrank rapidly in the following year.
| Import of Electrical Push-Button and Rotary Switch in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 522 | 475 | 572 | 418 | -7.1% |
| Japan | 243 | 176 | 189 | 150 | -14.9% |
| Germany | 51.5 | 54.1 | 79.2 | 36.3 | -11.0% |
| Vietnam | 23.0 | 22.5 | 31.2 | 20.7 | -3.5% |
| Others | 154 | 138 | 167 | 141 | -2.9% |
| Total | 993 | 865 | 1,037 | 766 | -8.3% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Hong Kong SAR in 2022:
- China (436.0M units)
- Japan (14.3M units)
- Germany (12.4M units)
- Vietnam (6.7M units)
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