Price for Electrical Push-Button and Rotary Switch in Portugal - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Portugal (CIF) - 2024
- Price for Electrical Push-Button and Rotary Switch in Portugal (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Portugal
- Exports of Electrical Push-Button and Rotary Switch in Portugal
Price for Electrical Push-Button and Rotary Switch in Portugal (CIF) - 2024
In February 2024, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $2.2 per unit, declining by -27.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 57% month-to-month. Over the period under review, average import prices attained the maximum at $3.3 per unit in May 2023; however, from June 2023 to February 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($8.3 per unit), while the price for China ($766 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Thailand (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Portugal (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $1.1 per unit, picking up by 37% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +99.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2.7 per unit), while the average price for exports to Mozambique ($0.5 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 France (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Portugal
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into Portugal fell to 49M units, waning by -8.3% on the previous year. The total import volume increased at an average annual rate of +2.4% 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 appeared the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of 53M units, and then shrank in the following year.
In value terms, electrical push-button and rotary switch imports dropped modestly to $102M in 2022. In general, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Imports peaked at $111M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Push-Button and Rotary Switch in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 33.5 | 32.2 | 34.8 | 31.3 | -2.2% |
| Germany | 38.8 | 25.3 | 27.5 | 27.7 | -10.6% |
| France | 5.5 | 6.8 | 7.6 | 8.2 | 14.2% |
| Italy | 4.8 | 4.9 | 6.9 | 7.7 | 17.1% |
| China | 3.8 | 3.1 | 5.3 | 5.7 | 14.5% |
| Netherlands | 2.0 | 2.2 | 3.1 | 3.5 | 20.5% |
| Serbia | N/A | 1.1 | 2.0 | 2.1 | 38.2% |
| Czech Republic | 6.7 | 1.1 | 1.8 | 1.9 | -34.3% |
| Romania | 1.2 | 0.9 | 1.9 | 1.4 | 5.3% |
| Others | 15.0 | 15.0 | 14.3 | 12.1 | -6.9% |
| Total | 111 | 92.6 | 105 | 102 | -2.8% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Portugal in 2022:
- Spain (16.9M units)
- Germany (9.5M units)
- France (7.1M units)
- China (4.0M units)
- Italy (3.2M units)
- Netherlands (1.6M units)
- Serbia (1.0M units)
- Romania (0.7M units)
- Czech Republic (0.7M units)
Exports of Electrical Push-Button and Rotary Switch in Portugal
In 2022, overseas shipments of electrical push-button and rotary switches for under 1000 v decreased by -47.8% to 17M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 30% against the previous year. The exports peaked at 33M units in 2021, and then contracted markedly in the following year.
In value terms, electrical push-button and rotary switch exports fell markedly to $19M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 40%. Over the period under review, the exports hit record highs at $27M in 2021, and then fell significantly in the following year.
| Export of Electrical Push-Button and Rotary Switch in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.1 | 8.5 | 9.8 | 5.1 | -10.4% |
| United States | N/A | 1.0 | 2.4 | 3.2 | 78.9% |
| France | 2.8 | 3.2 | 4.7 | 2.3 | -6.3% |
| Germany | 0.4 | 1.9 | 3.1 | 2.1 | 73.8% |
| Angola | 1.2 | 1.3 | 1.3 | 1.6 | 10.1% |
| Netherlands | 0.1 | 0.4 | 0.7 | 0.8 | 100.0% |
| Mozambique | 0.7 | 0.9 | 0.7 | 0.8 | 4.6% |
| Cabo Verde | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Others | 2.4 | 3.5 | 4.0 | 3.0 | 7.7% |
| Total | 15.0 | 20.9 | 27.0 | 19.2 | 8.6% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Portugal in 2022:
- Spain (5.7M units)
- Angola (2.2M units)
- France (1.9M units)
- Germany (1.6M units)
- Mozambique (1.4M units)
- United States (1.2M units)
- Netherlands (0.7M units)
- Cabo Verde (0.6M units)
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