Price for Electrical Push-Button and Rotary Switch in Hungary - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Hungary (FOB) - 2024
- Price for Electrical Push-Button and Rotary Switch in Hungary (CIF) - 2022
- Exports of Electrical Push-Button and Rotary Switch in Hungary
- Imports of Electrical Push-Button and Rotary Switch in Hungary
Price for Electrical Push-Button and Rotary Switch in Hungary (FOB) - 2024
The average export price for electrical push-button and rotary switches for under 1000 v stood at $2.1 per unit in February 2024, surging by 6.2% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 13% month-to-month. As a result, the export price attained the peak level of $2.1 per unit; afterwards, it flattened through to February 2024.
There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was Hong Kong SAR ($4.5 per unit), while the average price for exports to the UK ($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 recorded for supplies to China (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Hungary (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $0.5 per unit, picking up by 12% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. As a result, import price attained the peak level of $1.3 per unit. From 2015 to 2022, the average 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 Germany ($1.7 per unit), while the price for France ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Electrical Push-Button and Rotary Switch in Hungary
In 2022, the amount of electrical push-button and rotary switches for under 1000 v exported from Hungary expanded notably to 168M units, picking up by 13% against the previous year's figure. The total export volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, electrical push-button and rotary switch exports shrank slightly to $262M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 9%. As a result, the exports attained the peak of $266M, and then fell modestly in the following year.
| Export of Electrical Push-Button and Rotary Switch in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 127 | 117 | 130 | 116 | -3.0% |
| France | 11.1 | 10.8 | 12.2 | 15.7 | 12.3% |
| Poland | 9.7 | 9.0 | 12.3 | 15.4 | 16.7% |
| Italy | 13.8 | 12.5 | 11.7 | 11.3 | -6.4% |
| Czech Republic | 5.8 | 5.6 | 7.9 | 10.9 | 23.4% |
| Austria | 8.0 | 9.1 | 9.9 | 10.9 | 10.9% |
| Turkey | 9.0 | 9.0 | 6.9 | 9.0 | 0.0% |
| Spain | 3.4 | 2.2 | 1.9 | 7.1 | 27.8% |
| Slovakia | 3.9 | 4.5 | 6.8 | 6.8 | 20.4% |
| Romania | 6.8 | 7.3 | 7.4 | 6.4 | -2.0% |
| Greece | 4.3 | 4.4 | 6.1 | 5.6 | 9.2% |
| Bulgaria | 3.7 | 3.9 | 5.2 | 5.5 | 14.1% |
| Ukraine | 5.1 | 5.8 | 6.9 | 4.9 | -1.3% |
| Others | 45.1 | 42.5 | 41.0 | 35.8 | -7.4% |
| Total | 256 | 244 | 266 | 262 | 0.8% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Hungary in 2022:
- Germany (63.7M units)
- Poland (15.1M units)
- Italy (11.8M units)
- France (10.5M units)
- Czech Republic (8.8M units)
- Turkey (6.6M units)
- Romania (6.1M units)
- Greece (5.2M units)
- Austria (5.2M units)
- Slovakia (5.1M units)
- Bulgaria (4.7M units)
- Spain (3.7M units)
- Ukraine (3.4M units)
Imports of Electrical Push-Button and Rotary Switch in Hungary
After three years of growth, overseas purchases of electrical push-button and rotary switches for under 1000 v decreased by -19.4% to 470M units in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.3% 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 +34.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. Imports peaked at 583M units in 2021, and then fell significantly in the following year.
In value terms, electrical push-button and rotary switch imports reduced to $228M in 2022. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Imports peaked at $254M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Push-Button and Rotary Switch in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 82.8 | 70.2 | 80.8 | 78.9 | -1.6% |
| France | 35.7 | 36.5 | 40.2 | 33.7 | -1.9% |
| China | 7.8 | 19.5 | 24.9 | 20.7 | 38.4% |
| Czech Republic | 23.4 | 18.6 | 21.5 | 20.6 | -4.2% |
| Poland | 23.9 | 17.3 | 14.1 | 8.2 | -30.0% |
| Italy | 6.7 | 5.8 | 7.5 | 7.3 | 2.9% |
| Spain | 8.5 | 4.5 | 5.6 | 5.0 | -16.2% |
| Turkey | 3.1 | 3.8 | 4.6 | 3.8 | 7.0% |
| Others | 61.7 | 39.6 | 53.6 | 50.2 | -6.6% |
| Total | 254 | 216 | 253 | 228 | -3.5% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Hungary in 2022:
- France (209.4M units)
- Czech Republic (57.1M units)
- Poland (48.4M units)
- Germany (46.8M units)
- Spain (21.3M units)
- China (20.6M units)
- Italy (17.7M units)
- Turkey (14.4M units)
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