Price for Electrical Push-Button and Rotary Switch in Japan - 2024

Contents:

  1. Price for Electrical Push-Button and Rotary Switch in Japan (FOB) - 2024
  2. Price for Electrical Push-Button and Rotary Switch in Japan (CIF) - 2024
  3. Exports of Electrical Push-Button and Rotary Switch in Japan
  4. Imports of Electrical Push-Button and Rotary Switch in Japan

Price for Electrical Push-Button and Rotary Switch in Japan (FOB) - 2024

In March 2024, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $3.4 per unit, increasing by 7.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average export price increased by 9.2% m-o-m. Over the period under review, the average export prices reached the peak figure at $3.5 per unit in May 2023; however, from June 2023 to March 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Hong Kong SAR ($11.4 per unit), while the average price for exports to the Czech Republic ($835 per thousand units) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electrical Push-Button and Rotary Switch in Japan (CIF) - 2024

In March 2024, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $2.6 per unit, surging by 2.7% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average import price increased by 7.4% month-to-month. Over the period under review, average import prices reached the peak figure at $2.9 per unit in March 2023; however, from April 2023 to March 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($3.3 per unit), while the price for the Philippines ($1.6 per unit) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Electrical Push-Button and Rotary Switch in Japan

In 2022, exports of electrical push-button and rotary switches for under 1000 v from Japan shrank to 435M units, waning by -14.6% compared with the year before. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at 565M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electrical push-button and rotary switch exports dropped sharply to $1.4B in 2022. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of $1.8B, and then dropped notably in the following year.

Export of Electrical Push-Button and Rotary Switch in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China458460519389-5.3%
United States331326414310-2.2%
Hong Kong SAR122119146113-2.5%
Thailand96.174.310282.5-5.0%
South Korea79.073.385.166.7-5.5%
Taiwan (Chinese)47.449.465.847.1-0.2%
Indonesia42.425.445.345.52.4%
Mexico38.531.641.934.3-3.8%
India19.516.329.631.817.7%
Malaysia18.818.924.519.91.9%
Brazil15.510.618.817.43.9%
Philippines16.49.513.215.0-2.9%
Czech Republic16.410.310.910.2-14.6%
Others264219286241-3.0%
Total1,5661,4451,8021,423-3.1%

Top Export Markets for Electrical Push-Button and Rotary Switch from Japan in 2022:

  1. United States (137.1M units)
  2. China (88.1M units)
  3. Thailand (32.7M units)
  4. Indonesia (23.0M units)
  5. Czech Republic (16.4M units)
  6. Brazil (14.3M units)
  7. South Korea (11.7M units)
  8. Taiwan (Chinese) (10.8M units)
  9. Philippines (10.8M units)
  10. India (10.1M units)
  11. Hong Kong SAR (9.8M units)
  12. Mexico (8.2M units)
  13. Malaysia (7.8M units)

Imports of Electrical Push-Button and Rotary Switch in Japan

In 2022, approx. 305M units of electrical push-button and rotary switches for under 1000 v were imported into Japan; reducing by -2.3% against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of 312M units, and then declined in the following year.

In value terms, electrical push-button and rotary switch imports shrank modestly to $862M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of $874M, and then reduced slightly in the following year.

Import of Electrical Push-Button and Rotary Switch in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3513054014044.8%
Thailand164172187162-0.4%
Philippines38.734.543.543.84.2%
Indonesia22.524.433.934.014.8%
Vietnam22.222.529.431.612.5%
Germany76.125.129.630.5-26.3%
Taiwan (Chinese)14.214.218.919.310.8%
South Korea15.912.716.415.8-0.2%
Others123105115122-0.3%
Total8287158748621.4%

Top Suppliers of Electrical Push-Button and Rotary Switch to Japan in 2022:

  1. China (117.0M units)
  2. Thailand (85.5M units)
  3. Philippines (23.4M units)
  4. Indonesia (22.6M units)
  5. Vietnam (10.8M units)
  6. Taiwan (Chinese) (8.4M units)
  7. South Korea (6.8M units)
  8. Germany (4.0M units)

Source: IndexBox Market Intelligence Platform

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Free Data: Electrical Push-Button and Rotary Switches for under 1000 V - Japan