Price for Electrical Push-Button and Rotary Switch in Slovakia - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Slovakia (CIF) - 2024
- Price for Electrical Push-Button and Rotary Switch in Slovakia (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Slovakia
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 39.8 | 38.3 | 49.9 | 40.4 | 0.5% |
India | 0.1 | 0.1 | 3.1 | 15.1 | 432.5% |
China | 11.8 | 6.3 | 8.6 | 14.5 | 7.1% |
Poland | 17.3 | 22.4 | 22.6 | 14.4 | -5.9% |
Czech Republic | 13.7 | 14.4 | 15.0 | 10.0 | -10.0% |
Hungary | 23.2 | 5.8 | 7.3 | 7.8 | -30.5% |
Italy | 7.9 | 6.9 | 7.3 | 6.0 | -8.8% |
South Korea | 41.4 | 21.4 | 16.4 | 1.8 | -64.8% |
Others | 35.9 | 23.9 | 29.0 | 28.6 | -7.3% |
Total | 191 | 139 | 159 | 139 | -10.1% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Slovakia in 2022:
- Germany (50.2M units)
- Poland (30.4M units)
- India (13.2M units)
- Czech Republic (11.3M units)
- China (9.1M units)
- Italy (7.1M units)
- Hungary (7.1M units)
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 13.9 | 18.0 | 23.2 | 25.9 | 23.1% |
Netherlands | 3.8 | 1.5 | 4.7 | 5.9 | 15.8% |
Czech Republic | 3.8 | 4.9 | 5.3 | 3.7 | -0.9% |
Italy | 2.3 | 2.3 | 2.0 | 3.0 | 9.3% |
France | 1.2 | 1.5 | 1.9 | 2.1 | 20.5% |
Romania | 1.3 | 0.6 | 0.7 | 1.6 | 7.2% |
Hungary | 2.6 | 3.5 | 1.1 | 1.2 | -22.7% |
Denmark | 3.0 | 3.7 | 2.3 | 1.1 | -28.4% |
Poland | 1.7 | 2.1 | 1.6 | 1.1 | -13.5% |
Spain | 0.1 | 0.2 | 0.1 | 0.8 | 100.0% |
Austria | 0.9 | 0.8 | 0.8 | 0.7 | -8.0% |
Others | 3.7 | 3.8 | 6.3 | 6.2 | 18.8% |
Total | 38.3 | 43.0 | 50.0 | 53.2 | 11.6% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Slovakia in 2022:
- Germany (24.8M units)
- Italy (5.6M units)
- Netherlands (3.2M units)
- Czech Republic (3.1M units)
- Romania (2.1M units)
- France (1.8M units)
- Spain (0.8M units)
- Austria (0.6M units)
- Hungary (0.6M units)
- Denmark (0.5M units)
- Poland (0.5M units)
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