Price for Electrical Push-Button and Rotary Switch in Norway - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Norway (CIF) - 2024
- Price for Electrical Push-Button and Rotary Switch in Norway (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Norway
- Exports of Electrical Push-Button and Rotary Switch in Norway
Price for Electrical Push-Button and Rotary Switch in Norway (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $2.8 per unit in March 2024, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in May 2023 an increase of 15% m-o-m. The import price peaked in March 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($6.6 per unit), while the price for Poland ($1.0 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 Latvia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Norway (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $2.1 per unit in 2022, surging by 12% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +83.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 48% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($4.7 per unit), while the average price for exports to Sweden ($1 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 Germany (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Norway
In 2022, electrical push-button and rotary switch imports into Norway fell to 35M units, with a decrease of -11.7% compared with the year before. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of 40M units, and then declined in the following year.
In value terms, electrical push-button and rotary switch imports rose notably to $81M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; 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 27%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Electrical Push-Button and Rotary Switch in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.9 | 10.4 | 17.3 | 21.5 | 21.8% |
| Germany | 11.7 | 10.4 | 12.3 | 13.7 | 5.4% |
| Sweden | 4.7 | 4.8 | 6.8 | 6.7 | 12.5% |
| United States | 3.5 | 3.2 | 3.5 | 3.9 | 3.7% |
| France | 2.8 | 2.9 | 3.3 | 3.9 | 11.7% |
| Latvia | 0.4 | 3.2 | 4.0 | 3.8 | 111.8% |
| United Kingdom | 2.9 | 2.4 | 2.9 | 2.7 | -2.4% |
| Czech Republic | 2.8 | 2.9 | 3.1 | 2.6 | -2.4% |
| Romania | 1.2 | 1.2 | 2.0 | 2.5 | 27.7% |
| Denmark | 1.3 | 1.0 | 1.3 | 2.0 | 15.4% |
| Poland | 1.9 | 1.3 | 1.2 | 1.3 | -11.9% |
| Finland | 1.5 | 1.4 | 1.2 | 1.2 | -7.2% |
| Estonia | 2.1 | 2.2 | 2.7 | 0.7 | -30.7% |
| Others | 12.2 | 12.2 | 14.3 | 15.0 | 7.1% |
| Total | 61.0 | 59.7 | 75.8 | 81.4 | 10.1% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Norway in 2022:
- China (9.5M units)
- Germany (6.3M units)
- Sweden (2.6M units)
- Latvia (2.3M units)
- France (2.1M units)
- Czech Republic (2.0M units)
- Romania (1.2M units)
- Estonia (1.2M units)
- Poland (1.0M units)
- Finland (0.8M units)
- Denmark (0.6M units)
- United Kingdom (0.5M units)
- United States (0.4M units)
Exports of Electrical Push-Button and Rotary Switch in Norway
Electrical push-button and rotary switch exports from Norway contracted rapidly to 7M units in 2022, which is down by -15.8% on 2021. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 7.6% against the previous year. The exports peaked at 9.7M 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 contracted to $15M in 2022. The total export value increased at an average annual rate of +9.6% 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 with an increase of 19% against the previous year. As a result, the exports attained the peak of $15M, and then fell in the following year.
| Export of Electrical Push-Button and Rotary Switch in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.9 | 6.9 | 8.0 | 4.8 | -0.7% |
| Denmark | 0.5 | 0.9 | 1.2 | 2.4 | 68.7% |
| China | 1.0 | 0.2 | 0.6 | 1.0 | 0.0% |
| Netherlands | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| Germany | 0.4 | 0.3 | 0.5 | 0.6 | 14.5% |
| Vietnam | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Finland | 0.4 | 0.5 | 0.5 | 0.2 | -20.6% |
| Others | 3.4 | 3.7 | 4.1 | 4.5 | 9.8% |
| Total | 11.1 | 13.0 | 15.5 | 14.6 | 9.6% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Norway in 2022:
- Sweden (4814.7K units)
- Denmark (503.2K units)
- China (361.3K units)
- Netherlands (152.6K units)
- Vietnam (130.6K units)
- Germany (117.7K units)
- Finland (85.9K units)
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