Price for Electrical Push-Button and Rotary Switch in Iran - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Iran (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Iran (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Iran
- Exports of Electrical Push-Button and Rotary Switch in Iran
Price for Electrical Push-Button and Rotary Switch in Iran (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $0.9 per unit, picking up by 17% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical push-button and rotary switch import price increased by +84.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
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 the United Arab Emirates ($3.4 per unit), while the price for China ($0.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Iran (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $0.6 per unit in 2022, surging by 18% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 109% against the previous year. As a result, the export price reached the peak level of $0.8 per unit. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tajikistan ($1.3 per unit), while the average price for exports to Uzbekistan ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Iran
In 2022, supplies from abroad of electrical push-button and rotary switches for under 1000 v was finally on the rise to reach 30M units after two years of decline. Over the period under review, imports, however, recorded a significant decrease. Over the period under review, imports hit record highs at 60M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electrical push-button and rotary switch imports surged to $28M in 2022. In general, imports, however, showed a pronounced contraction. Over the period under review, imports attained the peak figure at $30M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Push-Button and Rotary Switch in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.5 | 17.7 | 15.3 | 17.9 | 2.8% |
| Turkey | 4.1 | 4.7 | 4.0 | 5.9 | 12.9% |
| Germany | 1.6 | 1.6 | 2.1 | 2.0 | 7.7% |
| United Arab Emirates | 5.1 | 0.6 | 0.4 | 0.3 | -61.1% |
| Others | 2.5 | 2.6 | 1.9 | 1.7 | -12.1% |
| Total | 29.9 | 27.3 | 23.6 | 27.8 | -2.4% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Iran in 2022:
- China (22.5M units)
- Turkey (6.1M units)
- Germany (0.6M units)
- United Arab Emirates (0.1M units)
Exports of Electrical Push-Button and Rotary Switch in Iran
In 2022, after three years of growth, there was significant decline in overseas shipments of electrical push-button and rotary switches for under 1000 v, when their volume decreased by -9.3% to 210K units. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. As a result, the exports attained the peak of 232K units, and then reduced in the following year.
In value terms, electrical push-button and rotary switch exports amounted to $125K in 2022. The total export value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.5 | 15.1 | 27.5 | 45.2 | 348.8% |
| Tajikistan | 5.4 | 58.8 | 32.7 | 23.9 | 64.2% |
| Georgia | 6.7 | 0.8 | 20.2 | 10.3 | 15.4% |
| Armenia | 1.8 | 0.9 | 2.5 | 5.1 | 41.5% |
| Azerbaijan | 0.8 | N/A | 0.8 | 4.2 | 73.8% |
| Oman | N/A | 0.3 | 2.2 | 2.3 | 176.9% |
| Uzbekistan | N/A | 0.3 | 2.2 | 1.9 | 151.7% |
| Spain | 1.5 | 1.4 | 2.8 | 0.7 | -22.4% |
| Niger | 24.0 | N/A | N/A | N/A | 0% |
| Ethiopia | 1.5 | N/A | N/A | N/A | 0% |
| France | 51.5 | 1.4 | N/A | N/A | -97.3% |
| North Macedonia | 3.0 | 22.8 | N/A | N/A | 660.0% |
| Others | 11.8 | 10.4 | 25.6 | 31.7 | 39.0% |
| Total | 109 | 112 | 117 | 125 | 4.7% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Iran in 2022:
- Turkey (86.9K units)
- Georgia (42.3K units)
- Tajikistan (17.7K units)
- Armenia (16.2K units)
- Azerbaijan (13.2K units)
- Uzbekistan (12.7K units)
- Oman (11.7K units)
- Spain (2.6K units)
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