Price for Electrical Push-Button and Rotary Switch in Ireland - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Ireland (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Ireland (FOB) - 2024
- Imports of Electrical Push-Button and Rotary Switch in Ireland
- Exports of Electrical Push-Button and Rotary Switch in Ireland
Price for Electrical Push-Button and Rotary Switch in Ireland (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $1.7 per unit in 2022, declining by -2.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 46% against the previous year. The import price peaked at $1.7 per unit in 2021, and then fell in the following year.
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 Japan ($4.8 per unit), while the price for Finland ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Ireland (FOB) - 2024
The average export price for electrical push-button and rotary switches for under 1000 v stood at $4.5 per unit in February 2024, growing by 4.8% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 16% against the previous month. As a result, the export price reached the peak level of $5.5 per unit. From April 2023 to February 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was Italy ($7.7 per unit), while the average price for exports to China ($2.5 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 Australia (+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 Ireland
In 2022, approx. 49M units of electrical push-button and rotary switches for under 1000 v were imported into Ireland; picking up by 23% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports reached the maximum at 50M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical push-button and rotary switch imports surged to $83M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.6% 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 +89.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 58%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 2.3 | 13.9 | 17.8 | 54.8% |
| United Kingdom | 12.2 | 15.6 | 18.0 | 15.8 | 9.0% |
| Germany | 5.1 | 5.4 | 7.7 | 14.8 | 42.6% |
| Japan | 6.0 | 5.4 | 7.1 | 7.7 | 8.7% |
| Finland | 4.6 | 2.2 | 2.2 | 3.7 | -7.0% |
| Netherlands | 0.4 | 1.2 | 2.1 | 2.4 | 81.7% |
| India | 0.4 | 0.4 | 0.7 | 1.3 | 48.1% |
| Italy | 6.4 | 0.8 | 0.7 | 1.1 | -44.4% |
| Others | 10.9 | 10.3 | 16.5 | 17.9 | 18.0% |
| Total | 50.8 | 43.5 | 68.8 | 82.5 | 17.5% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Ireland in 2022:
- China (17.0M units)
- United Kingdom (6.9M units)
- Finland (6.8M units)
- Germany (6.3M units)
- India (2.3M units)
- Japan (1.6M units)
- Netherlands (1.3M units)
- Italy (0.8M units)
Exports of Electrical Push-Button and Rotary Switch in Ireland
In 2022, overseas shipments of electrical push-button and rotary switches for under 1000 v decreased by -51.7% to 13M units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, the exports reached the peak of 39M 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 declined notably to $45M in 2022. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 7.8% against the previous year. As a result, the exports reached the peak of $138M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Electrical Push-Button and Rotary Switch in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 35.0 | 58.6 | 41.2 | 12.5 | -29.1% |
| United Kingdom | 20.7 | 9.0 | 10.6 | 5.4 | -36.1% |
| Czech Republic | 20.0 | 4.6 | 3.2 | 3.5 | -44.1% |
| United States | 2.6 | 2.2 | 4.6 | 2.3 | -4.0% |
| Italy | 1.6 | 2.0 | 2.5 | 2.3 | 12.9% |
| Romania | 2.0 | 5.9 | 4.9 | 2.1 | 1.6% |
| Sweden | 14.1 | 11.4 | 8.6 | 2.0 | -47.8% |
| Spain | 1.3 | 3.9 | 1.5 | 1.3 | 0.0% |
| France | 3.1 | 0.7 | 0.9 | 1.0 | -31.4% |
| China | 4.9 | 4.4 | 1.5 | 0.9 | -43.2% |
| Slovakia | 0.1 | 5.5 | 5.1 | 0.9 | 108.0% |
| Mexico | 0.1 | 0.1 | 0.9 | 0.7 | 91.3% |
| Belgium | 6.3 | 19.4 | 5.0 | 0.1 | -74.9% |
| Others | 16.6 | 10.6 | 11.4 | 10.0 | -15.5% |
| Total | 128 | 138 | 102 | 45.0 | -29.4% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Ireland in 2022:
- Germany (4090.8K units)
- United Kingdom (1971.1K units)
- Czech Republic (934.1K units)
- Italy (458.1K units)
- Romania (427.0K units)
- Slovakia (413.2K units)
- United States (412.4K units)
- Sweden (354.8K units)
- China (339.9K units)
- Spain (320.5K units)
- France (252.5K units)
- Mexico (221.8K units)
- Belgium (25.0K units)
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