Price for Electrical Push-Button and Rotary Switch in Singapore - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in Singapore (FOB) - 2022
- Price for Electrical Push-Button and Rotary Switch in Singapore (CIF) - 2022
- Exports of Electrical Push-Button and Rotary Switch in Singapore
- Imports of Electrical Push-Button and Rotary Switch in Singapore
Price for Electrical Push-Button and Rotary Switch in Singapore (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $3.9 per unit in 2022, growing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($4.4 per unit) and India ($4.1 per unit), while the average price for exports to Vietnam ($3 per unit) and Indonesia ($3.1 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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Singapore (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $3 per unit, with an increase of 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Czech Republic ($3.3 per unit) and Malaysia ($3.3 per unit), while the price for Hong Kong SAR ($2.6 per unit) and China ($2.7 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Singapore
Electrical push-button and rotary switch exports from Singapore dropped to 116M units in 2022, shrinking by -11.6% compared with 2021 figures. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the exports attained the maximum at 142M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electrical push-button and rotary switch exports expanded remarkably to $446M in 2022. The total export value increased at an average annual rate of +3.6% 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 27% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 84.0 | 81.1 | 114 | 148 | 20.8% |
| Germany | 72.2 | 50.0 | 55.8 | 63.8 | -4.0% |
| Malaysia | 44.5 | 34.0 | 42.9 | 50.6 | 4.4% |
| United States | 29.3 | 29.6 | 38.9 | 38.0 | 9.1% |
| India | 24.5 | 18.8 | 25.8 | 31.8 | 9.1% |
| Indonesia | 17.0 | 22.4 | 28.8 | 20.2 | 5.9% |
| South Korea | 14.2 | 7.7 | 11.0 | 11.7 | -6.3% |
| Thailand | 11.8 | 13.3 | 13.1 | 11.5 | -0.9% |
| Hong Kong SAR | 51.6 | 12.5 | 18.5 | 11.3 | -39.7% |
| Taiwan (Chinese) | 5.8 | 5.1 | 9.4 | 10.3 | 21.1% |
| Australia | 5.8 | 6.2 | 6.4 | 7.7 | 9.9% |
| Japan | 4.4 | 4.8 | 7.0 | 7.0 | 16.7% |
| Vietnam | 8.9 | 7.1 | 8.1 | 6.6 | -9.5% |
| Others | 27.6 | 27.1 | 26.6 | 27.6 | 0.0% |
| Total | 402 | 320 | 406 | 446 | 3.5% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Singapore in 2022:
- China (33.6M units)
- Germany (16.8M units)
- Malaysia (13.7M units)
- United States (10.2M units)
- India (7.8M units)
- Indonesia (6.6M units)
- Thailand (3.7M units)
- Hong Kong SAR (3.5M units)
- South Korea (3.0M units)
- Taiwan (Chinese) (2.6M units)
- Australia (2.2M units)
- Vietnam (2.2M units)
- Japan (1.9M units)
Imports of Electrical Push-Button and Rotary Switch in Singapore
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into Singapore rose modestly to 138M units, picking up by 3.5% on the previous year. In general, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked at 142M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electrical push-button and rotary switch imports expanded remarkably to $408M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Electrical Push-Button and Rotary Switch in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 37.8 | 50.4 | 70.6 | 88.9 | 33.0% |
| China | 72.6 | 64.7 | 73.1 | 78.5 | 2.6% |
| Vietnam | 25.8 | 25.5 | 31.5 | 45.3 | 20.6% |
| United States | 26.2 | 24.2 | 31.0 | 31.6 | 6.4% |
| Indonesia | 26.5 | 24.9 | 28.7 | 29.6 | 3.8% |
| Japan | 21.1 | 19.4 | 30.7 | 26.8 | 8.3% |
| Germany | 68.8 | 35.4 | 36.5 | 24.9 | -28.7% |
| France | 10.3 | 10.1 | 16.2 | 13.0 | 8.1% |
| Mexico | 9.9 | 6.7 | 6.5 | 8.8 | -3.9% |
| Czech Republic | 1.7 | 4.8 | 5.1 | 8.5 | 71.0% |
| Taiwan (Chinese) | 5.2 | 6.2 | 7.0 | 7.2 | 11.5% |
| Others | 46.0 | 36.0 | 51.6 | 45.5 | -0.4% |
| Total | 352 | 308 | 388 | 408 | 5.0% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Singapore in 2022:
- China (29.4M units)
- Malaysia (27.2M units)
- Vietnam (14.0M units)
- Indonesia (10.7M units)
- United States (10.3M units)
- Germany (9.3M units)
- Japan (9.1M units)
- France (4.6M units)
- Mexico (2.7M units)
- Czech Republic (2.6M units)
- Taiwan (Chinese) (2.4M units)
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