Price for Electrical Push-Button and Rotary Switch in Pakistan - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in Pakistan (CIF) - 2023
- Price for Electrical Push-Button and Rotary Switch in Pakistan (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Pakistan
- Exports of Electrical Push-Button and Rotary Switch in Pakistan
Price for Electrical Push-Button and Rotary Switch in Pakistan (CIF) - 2023
In August 2023, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $3.3 per unit, approximately equating the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 9.3% m-o-m. As a result, import price reached the peak level of $3.4 per unit. From April 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Vietnam ($3.3 per unit) and Japan ($3.3 per unit), while the price for Italy ($3.3 per unit) and China ($3.3 per unit) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Pakistan (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $3.2 per unit, dropping by -14.4% against the previous year. Over the period under review, the export price, however, posted a tangible increase. The growth pace was the most rapid in 2017 when the average export price increased by 68% against the previous year. The export price peaked at $8 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3.9 per unit), while the average price for exports to Germany ($3.2 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 Saudi Arabia (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Pakistan
In 2022, imports of electrical push-button and rotary switches for under 1000 v into Pakistan dropped dramatically to 2.7M units, reducing by -18% on the previous year. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Imports peaked at 3.3M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical push-button and rotary switch imports dropped significantly to $8.3M in 2022. In general, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of $10M, and then shrank sharply in the following year.
| Import of Electrical Push-Button and Rotary Switch in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,286 | 4,583 | 4,893 | 4,181 | -7.5% |
| Japan | 599 | 310 | 603 | 662 | 3.4% |
| Thailand | 579 | 328 | 823 | 549 | -1.8% |
| United States | 569 | 550 | 510 | 479 | -5.6% |
| Italy | 242 | 158 | 195 | 281 | 5.1% |
| Germany | 425 | 486 | 530 | 244 | -16.9% |
| Turkey | 183 | 169 | 282 | 238 | 9.2% |
| Indonesia | 131 | 87.0 | 406 | 161 | 7.1% |
| United Kingdom | 129 | 103 | 121 | 152 | 5.6% |
| France | 205 | 73.2 | 133 | 148 | -10.3% |
| Philippines | 36.9 | 39.6 | 141 | 134 | 53.7% |
| Others | 987 | 870 | 1,513 | 1,081 | 3.1% |
| Total | 9,372 | 7,757 | 10,149 | 8,309 | -3.9% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Pakistan in 2022:
- China (1340.8K units)
- Japan (212.2K units)
- Thailand (176.1K units)
- United States (153.5K units)
- Italy (90.0K units)
- Germany (78.3K units)
- Turkey (76.4K units)
- Indonesia (51.7K units)
- United Kingdom (48.9K units)
- France (47.4K units)
- Philippines (42.9K units)
Exports of Electrical Push-Button and Rotary Switch in Pakistan
In 2022, approx. 4.7K units of electrical push-button and rotary switches for under 1000 v were exported from Pakistan; growing by 14% against the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 23%. As a result, the exports attained the peak of 5.8K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, electrical push-button and rotary switch exports contracted slightly to $15K in 2022. Overall, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 71%. As a result, the exports reached the peak of $47K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Electrical Push-Button and Rotary Switch in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.2 | 0.1 | 9.0 | 12.4 | 78.0% |
| United States | N/A | 0.4 | 1.6 | 1.5 | 93.6% |
| Germany | 1.2 | N/A | 0.6 | 0.9 | -9.1% |
| United Kingdom | 20.6 | 7.2 | 3.8 | 0.1 | -83.1% |
| Belgium | N/A | 3.7 | N/A | N/A | 0% |
| Italy | N/A | 27.6 | N/A | N/A | 0% |
| Saudi Arabia | 0.7 | 3.1 | N/A | N/A | 342.9% |
| Others | 2.5 | 4.3 | 0.3 | 0.2 | -56.9% |
| Total | 27.2 | 46.5 | 15.4 | 15.1 | -17.8% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Pakistan in 2022:
- United Arab Emirates (3916.0 units)
- United States (381.0 units)
- Germany (285.0 units)
- United Kingdom (38.0 units)
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