Price for Electrical Push-Button and Rotary Switch in Indonesia - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Indonesia (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Indonesia (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Indonesia
- Exports of Electrical Push-Button and Rotary Switch in Indonesia
Price for Electrical Push-Button and Rotary Switch in Indonesia (CIF) - 2022
In March 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $608 per thousand units, with an increase of 9.3% against the previous month. Overall, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 21% against the previous month. The import price peaked at $887 per thousand units in March 2021; however, from April 2021 to March 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Thailand ($870 per thousand units), while the price for China ($277 per thousand units) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Push-Button and Rotary Switch in Indonesia (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $1.5 per unit in March 2022, increasing by 11% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. 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 foreign markets. In March 2022, the country with the highest price was Singapore ($2.2 per unit), while the average price for exports to South Korea ($616 per thousand units) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Indonesia
For the fourth consecutive year, Indonesia recorded growth in purchases abroad of electrical push-button and rotary switches for under 1000 v, which increased by 32% to 352M units in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, electrical push-button and rotary switch imports expanded notably to $201M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +61.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Electrical Push-Button and Rotary Switch in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.9 | 32.7 | 39.9 | 50.8 | 8.4% |
| Japan | 42.4 | 25.4 | 42.0 | 45.7 | 2.5% |
| Thailand | 31.3 | 17.1 | 26.1 | 32.8 | 1.6% |
| Singapore | 17.0 | 22.4 | 26.7 | 20.3 | 6.1% |
| India | 2.6 | 2.1 | 3.9 | 12.0 | 66.5% |
| South Korea | 11.9 | 6.3 | 4.0 | 5.1 | -24.6% |
| France | 3.5 | 2.7 | 1.6 | 4.9 | 11.9% |
| Malaysia | 3.3 | 2.8 | 2.8 | 3.5 | 2.0% |
| Others | 18.2 | 13.0 | 27.4 | 25.5 | 11.9% |
| Total | 170 | 124 | 175 | 201 | 5.7% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Indonesia in 2022:
- China (214.7M units)
- Japan (45.2M units)
- Thailand (38.8M units)
- Singapore (8.1M units)
- Malaysia (7.0M units)
- France (6.9M units)
- India (6.7M units)
- South Korea (5.8M units)
Exports of Electrical Push-Button and Rotary Switch in Indonesia
In 2022, the amount of electrical push-button and rotary switches for under 1000 v exported from Indonesia expanded modestly to 127M units, with an increase of 3.1% on the previous year. The total export volume increased at an average annual rate of +10.1% 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 with an increase of 29%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, electrical push-button and rotary switch exports expanded notably to $190M in 2022. The total export value increased at an average annual rate of +11.0% 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 appeared the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electrical Push-Button and Rotary Switch in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 29.4 | 24.4 | 31.1 | 35.8 | 6.8% |
| Japan | 10.0 | 21.9 | 27.5 | 27.3 | 39.8% |
| China | 20.2 | 23.4 | 27.7 | 25.1 | 7.5% |
| Thailand | 16.4 | 13.7 | 20.1 | 24.8 | 14.8% |
| France | 16.8 | 14.7 | 16.9 | 23.5 | 11.8% |
| United States | 23.2 | 19.8 | 19.5 | 18.9 | -6.6% |
| Vietnam | 2.1 | 4.8 | 7.0 | 9.1 | 63.0% |
| South Korea | 5.5 | 6.1 | 6.2 | 6.1 | 3.5% |
| Others | 15.3 | 12.2 | 17.6 | 19.5 | 8.4% |
| Total | 139 | 141 | 174 | 190 | 11.0% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Indonesia in 2022:
- Thailand (22.7M units)
- France (18.3M units)
- Singapore (16.2M units)
- Japan (15.3M units)
- China (14.2M units)
- United States (10.5M units)
- Vietnam (9.7M units)
- South Korea (9.2M units)
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