Price for Electrical Push-Button and Rotary Switch in New Zealand - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in New Zealand (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in New Zealand (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in New Zealand
- Exports of Electrical Push-Button and Rotary Switch in New Zealand
Price for Electrical Push-Button and Rotary Switch in New Zealand (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $3.1 per unit, surging by 5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($3.1 per unit) and Romania ($3.1 per unit), while the price for Taiwan (Chinese) ($3.1 per unit) and Italy ($3.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in New Zealand (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $3.5 per unit in 2022, with an increase of 13% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical push-button and rotary switch export price increased by +17.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 16%. The export price peaked at $3.5 per unit in 2019; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($3.5 per unit) and the United States ($3.5 per unit), while the average price for exports to Singapore ($3.5 per unit) and Hungary ($3.5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in New Zealand
In 2022, electrical push-button and rotary switch imports into New Zealand reduced to 14M units, waning by -4% on 2021. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of 15M units, and then declined modestly in the following year.
In value terms, electrical push-button and rotary switch imports stood at $44M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Electrical Push-Button and Rotary Switch in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 6.7 | 10.2 | 8.9 | 13.4% |
| Australia | 4.5 | 4.8 | 5.8 | 7.2 | 17.0% |
| Germany | 3.9 | 3.7 | 5.1 | 4.5 | 4.9% |
| United States | 3.2 | 2.6 | 2.7 | 3.6 | 4.0% |
| Vietnam | 1.6 | 2.5 | 4.2 | 2.8 | 20.5% |
| France | 1.6 | 1.1 | 1.7 | 2.1 | 9.5% |
| Japan | 1.5 | 1.5 | 1.6 | 1.5 | 0.0% |
| Taiwan (Chinese) | 0.9 | 0.8 | 1.2 | 1.2 | 10.1% |
| United Kingdom | 0.9 | 0.7 | 1.0 | 1.2 | 10.1% |
| Mexico | 0.6 | 0.6 | 0.8 | 1.1 | 22.4% |
| Spain | 0.6 | 0.6 | 0.8 | 1.1 | 22.4% |
| Romania | 0.6 | 0.6 | 0.8 | 0.9 | 14.5% |
| Italy | 0.7 | 0.7 | 1.0 | 0.8 | 4.6% |
| Others | 5.7 | 5.2 | 7.1 | 7.5 | 9.6% |
| Total | 32.3 | 32.0 | 44.0 | 44.4 | 11.2% |
Top Suppliers of Electrical Push-Button and Rotary Switch to New Zealand in 2022:
- China (2.9M units)
- Australia (2.3M units)
- Germany (1.5M units)
- United States (1.2M units)
- Vietnam (0.9M units)
- France (0.7M units)
- Japan (0.5M units)
- Taiwan (Chinese) (0.4M units)
- Mexico (0.4M units)
- United Kingdom (0.4M units)
- Romania (0.3M units)
- Italy (0.3M units)
- Spain (0.3M units)
Exports of Electrical Push-Button and Rotary Switch in New Zealand
In 2022, approx. 3.3M units of electrical push-button and rotary switches for under 1000 v were exported from New Zealand; waning by -10.4% on the year before. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports attained the peak of 3.7M units, and then shrank in the following year.
In value terms, electrical push-button and rotary switch exports expanded to $12M in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 38%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3,033 | 2,357 | 3,244 | 3,504 | 4.9% |
| United States | 2,214 | 1,525 | 2,162 | 2,711 | 7.0% |
| Netherlands | 1,099 | 1,063 | 2,062 | 1,458 | 9.9% |
| Singapore | 1,285 | 1,272 | 1,453 | 1,158 | -3.4% |
| China | 671 | 403 | 662 | 624 | -2.4% |
| India | 7.7 | 5.8 | 4.6 | 306 | 241.3% |
| Turkey | 0.4 | N/A | N/A | 295 | 803.5% |
| Hong Kong SAR | 67.5 | 63.9 | 91.2 | 264 | 57.6% |
| South Korea | 153 | 90.6 | 170 | 248 | 17.5% |
| Fiji | 267 | 307 | 151 | 218 | -6.5% |
| Thailand | 148 | 167 | 260 | 126 | -5.2% |
| Malaysia | 314 | 308 | 40.4 | 40.6 | -49.4% |
| Others | 1,701 | 860 | 1,328 | 869 | -20.1% |
| Total | 10,961 | 8,423 | 11,629 | 11,822 | 2.6% |
Top Export Markets for Electrical Push-Button and Rotary Switch from New Zealand in 2022:
- Australia (992.5K units)
- United States (767.8K units)
- Netherlands (413.0K units)
- Singapore (328.1K units)
- China (176.6K units)
- India (86.7K units)
- Turkey (83.6K units)
- Hong Kong SAR (74.6K units)
- South Korea (70.2K units)
- Fiji (61.8K units)
- Thailand (35.6K units)
- Malaysia (11.5K units)
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