Price for Electrical Push-Button and Rotary Switch in Slovakia - 2024

Contents:

  1. Price for Electrical Push-Button and Rotary Switch in Slovakia (CIF) - 2024
  2. Price for Electrical Push-Button and Rotary Switch in Slovakia (FOB) - 2022
  3. Imports of Electrical Push-Button and Rotary Switch in Slovakia
  4. Exports of Electrical Push-Button and Rotary Switch in Slovakia

Price for Electrical Push-Button and Rotary Switch in Slovakia (CIF) - 2024

The average import price for electrical push-button and rotary switches for under 1000 v stood at $1.7 per unit in February 2024, jumping by 95% against the previous month. Overall, import price indicated strong growth from February 2023 to February 2024: its price increased at an average monthly rate of +5.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, electrical push-button and rotary switch import price increased by +95.5% against January 2024 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($3.0 per unit), while the price for the UK ($916 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 Hungary (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Push-Button and Rotary Switch in Slovakia (FOB) - 2022

The average export price for electrical push-button and rotary switches for under 1000 v stood at $1.1 per unit in 2022, waning by -5.4% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 13%. Over the period under review, the average export prices attained the maximum at $2.4 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($2.4 per unit), while the average price for exports to Italy ($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 Denmark (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Push-Button and Rotary Switch in Slovakia

In 2022, electrical push-button and rotary switch imports into Slovakia shrank to 146M units, which is down by -14% against 2021. Overall, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of 169M units, and then shrank in the following year.

In value terms, electrical push-button and rotary switch imports fell to $139M in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Imports peaked at $191M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Electrical Push-Button and Rotary Switch in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany39.838.349.940.40.5%
India0.10.13.115.1432.5%
China11.86.38.614.57.1%
Poland17.322.422.614.4-5.9%
Czech Republic13.714.415.010.0-10.0%
Hungary23.25.87.37.8-30.5%
Italy7.96.97.36.0-8.8%
South Korea41.421.416.41.8-64.8%
Others35.923.929.028.6-7.3%
Total191139159139-10.1%

Top Suppliers of Electrical Push-Button and Rotary Switch to Slovakia in 2022:

  1. Germany (50.2M units)
  2. Poland (30.4M units)
  3. India (13.2M units)
  4. Czech Republic (11.3M units)
  5. China (9.1M units)
  6. Italy (7.1M units)
  7. Hungary (7.1M units)
  8. South Korea (1.1M units)

Exports of Electrical Push-Button and Rotary Switch in Slovakia

For the fourth consecutive year, Slovakia recorded growth in shipments abroad of electrical push-button and rotary switches for under 1000 v, which increased by 13% to 47M units in 2022. The total export volume increased at an average annual rate of +12.4% over the period 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 2020 with an increase of 22% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, electrical push-button and rotary switch exports expanded markedly to $53M in 2022. The total export value increased at an average annual rate of +11.6% over the period 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 with an increase of 16%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Electrical Push-Button and Rotary Switch in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany13.918.023.225.923.1%
Netherlands3.81.54.75.915.8%
Czech Republic3.84.95.33.7-0.9%
Italy2.32.32.03.09.3%
France1.21.51.92.120.5%
Romania1.30.60.71.67.2%
Hungary2.63.51.11.2-22.7%
Denmark3.03.72.31.1-28.4%
Poland1.72.11.61.1-13.5%
Spain0.10.20.10.8100.0%
Austria0.90.80.80.7-8.0%
Others3.73.86.36.218.8%
Total38.343.050.053.211.6%

Top Export Markets for Electrical Push-Button and Rotary Switch from Slovakia in 2022:

  1. Germany (24.8M units)
  2. Italy (5.6M units)
  3. Netherlands (3.2M units)
  4. Czech Republic (3.1M units)
  5. Romania (2.1M units)
  6. France (1.8M units)
  7. Spain (0.8M units)
  8. Austria (0.6M units)
  9. Hungary (0.6M units)
  10. Denmark (0.5M units)
  11. Poland (0.5M units)

Source: IndexBox Market Intelligence Platform

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Free Data: Electrical Push-Button and Rotary Switches for under 1000 V - Slovakia