Price for Electrical Push-Button and Rotary Switch in India - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in India (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in India (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in India
- Exports of Electrical Push-Button and Rotary Switch in India
Price for Electrical Push-Button and Rotary Switch in India (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $3.1 per unit in 2022, remaining stable against the previous year. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 123% against the previous year. Over the period under review, average import prices attained the peak figure at $3.1 per unit in 2021, and then shrank in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($3.1 per unit) and Italy ($3.1 per unit), while the price for France ($3.1 per unit) and South Korea ($3.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in India (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $3.5 per unit in 2022, waning by -4% against the previous year. Over the period under review, the export price, however, saw a significant increase. The pace of growth appeared the most rapid in 2018 an increase of 72%. The export price peaked at $3.7 per unit in 2021, and then contracted slightly in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($3.5 per unit) and Indonesia ($3.5 per unit), while the average price for exports to Slovakia ($3.5 per unit) and Italy ($3.5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in India
In 2022, imports of electrical push-button and rotary switches for under 1000 v into India soared to 119M units, growing by 25% on the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 +61.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, electrical push-button and rotary switch imports soared to $367M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +74.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Electrical Push-Button and Rotary Switch in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.7 | 37.9 | 62.3 | 97.6 | 36.1% |
| Germany | 33.0 | 29.7 | 46.3 | 50.3 | 15.1% |
| South Korea | 31.6 | 26.4 | 34.1 | 39.4 | 7.6% |
| Singapore | 28.5 | 23.8 | 31.5 | 39.0 | 11.0% |
| United States | 20.5 | 20.0 | 25.4 | 26.0 | 8.2% |
| Japan | 19.4 | 16.3 | 25.1 | 25.6 | 9.7% |
| France | 9.3 | 8.5 | 11.7 | 13.0 | 11.8% |
| Thailand | 7.1 | 6.0 | 8.5 | 10.4 | 13.6% |
| Hong Kong SAR | 5.1 | 4.2 | 9.6 | 9.2 | 21.7% |
| Italy | 5.8 | 4.6 | 8.2 | 8.9 | 15.3% |
| Malaysia | 1.8 | 1.9 | 4.2 | 7.0 | 57.3% |
| Sweden | 5.4 | 5.1 | 4.0 | 5.0 | -2.5% |
| United Kingdom | 4.3 | 3.9 | 4.6 | 4.9 | 4.5% |
| Others | 23.5 | 22.5 | 23.7 | 31.0 | 9.7% |
| Total | 234 | 211 | 299 | 367 | 16.2% |
Top Suppliers of Electrical Push-Button and Rotary Switch to India in 2022:
- China (31.7M units)
- Germany (16.3M units)
- South Korea (12.8M units)
- Singapore (12.7M units)
- United States (8.5M units)
- Japan (8.3M units)
- France (4.2M units)
- Thailand (3.4M units)
- Hong Kong SAR (3.0M units)
- Italy (2.9M units)
- Malaysia (2.3M units)
- United Kingdom (1.6M units)
- Sweden (1.6M units)
Exports of Electrical Push-Button and Rotary Switch in India
In 2022, electrical push-button and rotary switch exports from India totaled 48M units, rising by 12% on the previous year. In general, total exports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 39%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, electrical push-button and rotary switch exports expanded sharply to $169M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Electrical Push-Button and Rotary Switch in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.3 | 9.5 | 15.3 | 16.2 | 12.8% |
| Slovenia | 0.1 | 0.1 | 0.7 | 12.4 | 398.7% |
| Indonesia | 2.6 | 2.1 | 4.2 | 12.0 | 66.5% |
| United States | 6.3 | 12.5 | 12.7 | 11.3 | 21.5% |
| Czech Republic | 0.3 | 6.8 | 19.7 | 9.6 | 217.5% |
| China | 8.6 | 6.6 | 8.2 | 9.4 | 3.0% |
| United Arab Emirates | 6.5 | 5.2 | 7.1 | 7.9 | 6.7% |
| Turkey | 5.8 | 5.7 | 8.3 | 6.4 | 3.3% |
| United Kingdom | 5.4 | 5.2 | 6.6 | 6.2 | 4.7% |
| Italy | 1.1 | 1.7 | 5.1 | 5.5 | 71.0% |
| Slovakia | N/A | N/A | 0.7 | 5.4 | 671.4% |
| Hungary | 6.8 | 5.6 | 6.3 | 5.1 | -9.1% |
| Brazil | 1.5 | 0.7 | 2.1 | 4.7 | 46.3% |
| Others | 42.7 | 38.8 | 59.4 | 56.3 | 9.7% |
| Total | 99.0 | 100 | 157 | 169 | 19.5% |
Top Export Markets for Electrical Push-Button and Rotary Switch from India in 2022:
- Germany (4.6M units)
- Slovenia (3.5M units)
- Indonesia (3.4M units)
- United States (3.2M units)
- Czech Republic (2.7M units)
- China (2.7M units)
- United Arab Emirates (2.3M units)
- Turkey (1.8M units)
- United Kingdom (1.8M units)
- Italy (1.6M units)
- Slovakia (1.5M units)
- Hungary (1.4M units)
- Brazil (1.3M units)
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