Price for Electrical Push-Button and Rotary Switch in Mexico - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Mexico (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Mexico (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Mexico
- Exports of Electrical Push-Button and Rotary Switch in Mexico
Price for Electrical Push-Button and Rotary Switch in Mexico (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $3.3 per unit, growing by 11% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 56%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($14 per unit), while the price for South Korea ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Mexico (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $0.9 per unit in 2022, flattening at the previous year. Over the period under review, the export price, however, recorded measured growth. The most prominent rate of growth was recorded in 2015 an increase of 109%. Over the period under review, the average export prices reached the maximum at $3.1 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($1.6 per unit), while the average price for exports to the United States ($0.9 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 the United States (+4.8%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Push-Button and Rotary Switch in Mexico
Electrical push-button and rotary switch imports into Mexico reduced modestly to 426M units in 2022, with a decrease of -3.4% compared with 2021 figures. Overall, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports hit record highs at 472M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electrical push-button and rotary switch imports expanded sharply to $1.4B in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Electrical Push-Button and Rotary Switch in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 452 | 394 | 441 | 504 | 3.7% |
| China | 266 | 274 | 404 | 396 | 14.2% |
| Japan | 89.8 | 78.7 | 113 | 103 | 4.7% |
| Germany | 79.6 | 52.0 | 60.5 | 64.8 | -6.6% |
| Taiwan (Chinese) | 29.3 | 23.4 | 32.2 | 34.2 | 5.3% |
| South Korea | 34.2 | 29.0 | 32.3 | 32.7 | -1.5% |
| Malaysia | 6.3 | 5.5 | 9.0 | 13.6 | 29.2% |
| Others | 213 | 178 | 208 | 251 | 5.6% |
| Total | 1,171 | 1,035 | 1,301 | 1,399 | 6.1% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Mexico in 2022:
- United States (204.1M units)
- China (110.8M units)
- South Korea (17.1M units)
- Japan (13.2M units)
- Malaysia (6.2M units)
- Taiwan (Chinese) (5.6M units)
- Germany (4.5M units)
Exports of Electrical Push-Button and Rotary Switch in Mexico
For the fourth year in a row, Mexico recorded growth in shipments abroad of electrical push-button and rotary switches for under 1000 v, which increased by 15% to 1.3B units in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 141% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, electrical push-button and rotary switch exports expanded significantly to $1.2B in 2022. The total export value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 925 | 840 | 973 | 1,100 | 5.9% |
| China | 5.9 | 8.6 | 13.3 | 51.0 | 105.2% |
| Canada | 17.8 | 13.9 | 12.8 | 20.2 | 4.3% |
| Others | 37.3 | 42.9 | 48.6 | 32.5 | -4.5% |
| Total | 986 | 906 | 1,048 | 1,204 | 6.9% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Mexico in 2022:
- United States (1256.5M units)
- China (31.4M units)
- Canada (20.5M units)
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