Price for Electrical Push-Button and Rotary Switch in Italy - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Italy (CIF) - 2024
- Price for Electrical Push-Button and Rotary Switch in Italy (FOB) - 2024
- Imports of Electrical Push-Button and Rotary Switch in Italy
- Exports of Electrical Push-Button and Rotary Switch in Italy
Price for Electrical Push-Button and Rotary Switch in Italy (CIF) - 2024
In February 2024, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $2.4 per unit, rising by 34% against the previous month. Over the period from February 2023 to February 2024, it increased at an average monthly rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the United States ($24.4 per unit), while the price for Albania ($229 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Italy (FOB) - 2024
In February 2024, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $2.2 per unit, increasing by 28% against the previous month. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was Switzerland ($6.8 per unit), while the average price for exports to the United Arab Emirates ($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 Switzerland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Italy
For the fourth year in a row, Italy recorded growth in overseas purchases of electrical push-button and rotary switches for under 1000 v, which increased by 3.1% to 413M units in 2022. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, electrical push-button and rotary switch imports amounted to $709M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Electrical Push-Button and Rotary Switch in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 200 | 189 | 225 | 251 | 7.9% |
| France | 62.2 | 55.9 | 69.5 | 69.3 | 3.7% |
| China | 27.5 | 27.2 | 46.7 | 48.0 | 20.4% |
| Netherlands | 29.2 | 30.5 | 40.0 | 44.5 | 15.1% |
| Romania | 41.5 | 33.3 | 44.5 | 34.5 | -6.0% |
| Czech Republic | 19.2 | 15.1 | 37.8 | 29.1 | 14.9% |
| Hungary | 5.2 | 7.7 | 6.7 | 18.5 | 52.7% |
| Belgium | 8.9 | 9.9 | 12.5 | 16.3 | 22.3% |
| Slovenia | 3.0 | 3.7 | 4.7 | 13.9 | 66.7% |
| Bulgaria | 6.6 | 7.4 | 12.1 | 13.2 | 26.0% |
| Finland | 8.8 | 10.3 | 11.5 | 13.0 | 13.9% |
| Spain | 15.3 | 11.4 | 13.3 | 11.5 | -9.1% |
| Albania | 3.9 | 3.7 | 4.2 | 3.8 | -0.9% |
| Others | 113 | 105 | 131 | 143 | 8.2% |
| Total | 544 | 509 | 659 | 709 | 9.2% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Italy in 2022:
- Germany (101.8M units)
- France (36.8M units)
- China (35.5M units)
- Czech Republic (34.5M units)
- Netherlands (24.7M units)
- Romania (21.7M units)
- Belgium (17.7M units)
- Finland (17.5M units)
- Slovenia (15.3M units)
- Bulgaria (15.3M units)
- Albania (15.1M units)
- Hungary (13.1M units)
- Spain (6.2M units)
Exports of Electrical Push-Button and Rotary Switch in Italy
In 2022, the amount of electrical push-button and rotary switches for under 1000 v exported from Italy expanded remarkably to 312M units, growing by 7% on the previous year's figure. The total export volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, electrical push-button and rotary switch exports rose slightly to $565M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Electrical Push-Button and Rotary Switch in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 59.4 | 52.8 | 68.7 | 68.5 | 4.9% |
| France | 39.1 | 30.3 | 41.6 | 45.3 | 5.0% |
| Turkey | 29.1 | 31.2 | 37.5 | 37.9 | 9.2% |
| Spain | 31.4 | 29.1 | 35.6 | 35.8 | 4.5% |
| Poland | 33.0 | 30.7 | 35.5 | 35.6 | 2.6% |
| United States | 21.2 | 21.0 | 28.2 | 35.0 | 18.2% |
| Switzerland | 14.4 | 15.5 | 17.7 | 21.1 | 13.6% |
| China | 14.7 | 17.6 | 20.5 | 19.7 | 10.3% |
| Tunisia | 8.5 | 6.7 | 11.6 | 18.6 | 29.8% |
| Brazil | 13.8 | 14.4 | 19.2 | 16.7 | 6.6% |
| Romania | 11.6 | 11.9 | 15.7 | 16.2 | 11.8% |
| United Kingdom | 17.9 | 18.0 | 14.3 | 16.0 | -3.7% |
| Slovakia | 12.2 | 10.0 | 11.2 | 8.1 | -12.8% |
| Others | 186 | 152 | 187 | 191 | 0.9% |
| Total | 492 | 441 | 544 | 565 | 4.7% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Italy in 2022:
- France (28.2M units)
- Turkey (28.1M units)
- Poland (28.0M units)
- Germany (22.1M units)
- Spain (16.9M units)
- United States (14.7M units)
- Romania (12.7M units)
- Tunisia (12.5M units)
- Brazil (11.5M units)
- China (10.2M units)
- United Kingdom (8.5M units)
- Switzerland (8.0M units)
- Slovakia (6.5M units)
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