Price for Electrical Push-Button and Rotary Switch in Serbia - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Serbia (FOB) - 2024
- Price for Electrical Push-Button and Rotary Switch in Serbia (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in Serbia
- Imports of Electrical Push-Button and Rotary Switch in Serbia
Price for Electrical Push-Button and Rotary Switch in Serbia (FOB) - 2024
The average export price for electrical push-button and rotary switches for under 1000 v stood at $3.3 per unit in March 2024, declining by -5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in April 2023 an increase of 17% month-to-month. The export price peaked at $3.5 per unit in January 2024; however, from February 2024 to March 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was China ($7.1 per unit), while the average price for exports to Croatia ($735 per thousand units) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Serbia (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $1.2 per unit in March 2024, falling by -39.5% against the previous month. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in July 2023 when the average import price increased by 38% month-to-month. Over the period under review, average import prices reached the peak figure at $2.3 per unit in December 2023; however, from January 2024 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was France ($2.6 per unit), while the price for China ($486 per thousand units) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Serbia
For the fourth year in a row, Serbia recorded growth in shipments abroad of electrical push-button and rotary switches for under 1000 v, which increased by 24% to 27M units in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 98%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, electrical push-button and rotary switch exports soared to $72M in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 123%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electrical Push-Button and Rotary Switch in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.9 | 16.0 | 25.8 | 30.6 | 41.1% |
| Czech Republic | 0.8 | 2.7 | 5.4 | 10.4 | 135.1% |
| Italy | 0.2 | 2.1 | 4.4 | 6.8 | 224.0% |
| Netherlands | 0.4 | 1.8 | 2.6 | 2.9 | 93.5% |
| United States | 0.4 | 1.6 | 2.1 | 2.5 | 84.2% |
| Portugal | N/A | 1.3 | 1.9 | 2.1 | 27.1% |
| Slovenia | 0.2 | 1.0 | 1.9 | 2.0 | 115.4% |
| France | 0.1 | 0.5 | 1.1 | 1.2 | 128.9% |
| Turkey | 0.1 | 1.6 | 1.4 | 1.0 | 115.4% |
| Montenegro | 0.7 | 0.5 | 0.7 | 1.0 | 12.6% |
| Bosnia and Herzegovina | 0.9 | 1.0 | 1.1 | 1.0 | 3.6% |
| Poland | 0.1 | 0.6 | 0.7 | 0.8 | 100.0% |
| Russia | 0.1 | N/A | 0.1 | 0.8 | 100.0% |
| Others | 1.6 | 6.2 | 10.8 | 9.1 | 78.5% |
| Total | 16.6 | 37.0 | 60.1 | 72.2 | 63.2% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Serbia in 2022:
- Germany (9.8M units)
- Czech Republic (4.2M units)
- Italy (2.1M units)
- Russia (1.3M units)
- Bosnia and Herzegovina (1.2M units)
- Portugal (1.0M units)
- Montenegro (0.9M units)
- Turkey (0.8M units)
- United States (0.7M units)
- Netherlands (0.6M units)
- Poland (0.6M units)
- Slovenia (0.6M units)
- France (0.5M units)
Imports of Electrical Push-Button and Rotary Switch in Serbia
In 2022, approx. 23M units of electrical push-button and rotary switches for under 1000 v were imported into Serbia; waning by -7.8% on 2021 figures. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 24M units, and then dropped in the following year.
In value terms, electrical push-button and rotary switch imports reduced to $34M in 2022. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, imports hit record highs at $41M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Push-Button and Rotary Switch in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 4.3 | 6.8 | 7.1 | 34.8% |
| Germany | 7.0 | 7.5 | 8.2 | 6.5 | -2.4% |
| Italy | 1.6 | 2.8 | 3.2 | 3.7 | 32.2% |
| Denmark | 15.0 | 2.6 | 2.9 | 2.4 | -45.7% |
| Ukraine | 0.2 | 2.3 | 2.8 | 2.0 | 115.4% |
| Slovenia | 0.6 | 1.0 | 2.0 | 1.6 | 38.7% |
| Turkey | 0.3 | 0.4 | 0.7 | 1.0 | 49.4% |
| Czech Republic | 1.1 | 3.7 | 4.2 | 1.0 | -3.1% |
| Austria | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Poland | 0.5 | 0.6 | 0.5 | 0.9 | 21.6% |
| France | 4.0 | 0.6 | 0.6 | 0.6 | -46.9% |
| Croatia | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Others | 6.5 | 4.0 | 6.3 | 5.7 | -4.3% |
| Total | 40.9 | 30.8 | 39.6 | 33.8 | -6.2% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Serbia in 2022:
- China (5.0M units)
- Italy (3.8M units)
- Germany (3.0M units)
- Slovenia (2.2M units)
- Denmark (2.1M units)
- Ukraine (1.4M units)
- Turkey (1.0M units)
- Czech Republic (0.7M units)
- Poland (0.4M units)
- France (0.3M units)
- Austria (0.3M units)
- Croatia (0.3M units)
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