Price for Electrical Push-Button and Rotary Switch in Lithuania - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Lithuania (FOB) - 2024
- Price for Electrical Push-Button and Rotary Switch in Lithuania (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in Lithuania
- Imports of Electrical Push-Button and Rotary Switch in Lithuania
Price for Electrical Push-Button and Rotary Switch in Lithuania (FOB) - 2024
In February 2024, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $2.0 per unit, stabilizing at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 14% month-to-month. As a result, the export price reached the peak level of $2.2 per unit. From December 2023 to February 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4.9 per unit), while the average price for exports to Finland ($780 per thousand units) 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 the United States (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Lithuania (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $2.9 per unit in February 2024, with an increase of 14% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in September 2023 an increase of 22% m-o-m. Over the period under review, average import prices hit record highs at $3.1 per unit in November 2023; however, from December 2023 to February 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Italy ($4.9 per unit), while the price for China ($1.8 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Lithuania
Electrical push-button and rotary switch exports from Lithuania dropped modestly to 21M units in 2022, falling by -3.3% against the previous year. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 4.4% against the previous year. Over the period under review, the exports attained the peak figure at 24M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electrical push-button and rotary switch exports reduced to $43M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of $46M, and then reduced in the following year.
| Export of Electrical Push-Button and Rotary Switch in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 11.8 | 11.6 | 13.5 | 14.8 | 7.8% |
| United States | 4.1 | 3.5 | 3.8 | 4.6 | 3.9% |
| Finland | 4.7 | 4.1 | 4.2 | 4.0 | -5.2% |
| Germany | 2.0 | 2.8 | 4.2 | 3.9 | 24.9% |
| Russia | 7.5 | 6.8 | 7.6 | 2.1 | -34.6% |
| Latvia | 0.8 | 1.7 | 1.8 | 2.0 | 35.7% |
| Kyrgyzstan | N/A | N/A | N/A | 0.6 | 0% |
| Belarus | 1.7 | 1.5 | 2.0 | 0.4 | -38.3% |
| Others | 6.2 | 7.2 | 9.1 | 10.9 | 20.7% |
| Total | 38.9 | 39.2 | 46.3 | 43.3 | 3.6% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Lithuania in 2022:
- Finland (6.1M units)
- Italy (4.5M units)
- Germany (2.2M units)
- Latvia (1.9M units)
- United States (1.5M units)
- Russia (1.1M units)
- Kyrgyzstan (0.4M units)
- Belarus (0.3M units)
Imports of Electrical Push-Button and Rotary Switch in Lithuania
In 2022, overseas purchases of electrical push-button and rotary switches for under 1000 v decreased by -38.7% to 19M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 107%. As a result, imports reached the peak of 31M units, and then reduced remarkably in the following year.
In value terms, electrical push-button and rotary switch imports fell remarkably to $35M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +39.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 68%. As a result, imports attained the peak of $45M, and then fell remarkably in the following year.
| Import of Electrical Push-Button and Rotary Switch in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.9 | 7.8 | 9.3 | 7.5 | 2.8% |
| China | 3.8 | 4.7 | 6.1 | 6.4 | 19.0% |
| Latvia | 2.0 | 2.3 | 2.7 | 3.2 | 17.0% |
| Poland | 1.7 | 2.2 | 2.9 | 3.0 | 20.8% |
| Sweden | 0.7 | 1.2 | 3.3 | 2.9 | 60.6% |
| Denmark | 0.8 | 0.9 | 1.2 | 2.6 | 48.1% |
| United Kingdom | 1.0 | 0.5 | 11.3 | 1.4 | 11.9% |
| Italy | 1.1 | 1.2 | 1.5 | 1.2 | 2.9% |
| Finland | 1.9 | 1.6 | 1.2 | 1.1 | -16.7% |
| France | 0.9 | 0.9 | 0.9 | 0.6 | -12.6% |
| Others | 4.1 | 3.8 | 5.0 | 5.3 | 8.9% |
| Total | 25.1 | 26.9 | 45.3 | 35.1 | 11.8% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Lithuania in 2022:
- China (3.4M units)
- Germany (3.0M units)
- Poland (2.8M units)
- Latvia (2.1M units)
- United Kingdom (1.6M units)
- Denmark (1.5M units)
- Sweden (1.5M units)
- Italy (0.5M units)
- Finland (0.5M units)
- France (0.3M units)
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