Price for Electrical Push-Button and Rotary Switch in South Africa - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in South Africa (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in South Africa (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in South Africa
- Exports of Electrical Push-Button and Rotary Switch in South Africa
Price for Electrical Push-Button and Rotary Switch in South Africa (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $0.6 per unit in 2022, dropping by -11.1% against the previous year. Overall, the import price showed a perceptible curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 16% against the previous year. The import price peaked at $1 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1.9 per unit), while the price for Turkey ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in South Africa (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.8 per unit, increasing by 39% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $0.9 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 the United Arab Emirates ($2.3 per unit), while the average price for exports to Lesotho ($0.2 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 Mozambique (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in South Africa
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into South Africa surged to 156M units, with an increase of 23% on 2021. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, electrical push-button and rotary switch imports rose notably to $90M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.9 | 17.5 | 23.6 | 25.7 | 3.9% |
| Germany | 10.8 | 8.5 | 13.8 | 13.4 | 7.5% |
| United States | 5.6 | 4.6 | 6.8 | 8.1 | 13.1% |
| Italy | 3.4 | 2.1 | 3.4 | 4.6 | 10.6% |
| Japan | 3.3 | 2.8 | 4.2 | 4.6 | 11.7% |
| France | 2.6 | 2.2 | 2.3 | 3.5 | 10.4% |
| Spain | 2.6 | 1.7 | 3.0 | 3.5 | 10.4% |
| Poland | 0.7 | 0.4 | 1.4 | 2.0 | 41.9% |
| Taiwan (Chinese) | 1.5 | 1.3 | 1.7 | 1.4 | -2.3% |
| India | 1.0 | 1.0 | 1.2 | 1.0 | 0.0% |
| South Korea | 2.3 | 1.4 | 1.1 | 0.5 | -39.9% |
| Turkey | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Others | 19.1 | 15.1 | 19.5 | 21.5 | 4.0% |
| Total | 75.9 | 58.9 | 82.3 | 90.3 | 6.0% |
Top Suppliers of Electrical Push-Button and Rotary Switch to South Africa in 2022:
- China (96.3M units)
- Germany (6.9M units)
- United States (5.7M units)
- Japan (5.3M units)
- France (4.5M units)
- Italy (4.1M units)
- India (3.9M units)
- Poland (2.8M units)
- Turkey (2.6M units)
- Spain (2.0M units)
- Taiwan (Chinese) (1.7M units)
- South Korea (0.6M units)
Exports of Electrical Push-Button and Rotary Switch in South Africa
In 2022, approx. 20M units of electrical push-button and rotary switches for under 1000 v were exported from South Africa; waning by -36.2% compared with the previous year. In general, total exports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 69% against the previous year. As a result, the exports reached the peak of 32M units, and then fell remarkably in the following year.
In value terms, electrical push-button and rotary switch exports reduced to $17M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $19M, and then contracted in the following year.
| Export of Electrical Push-Button and Rotary Switch in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 1,225 | 862 | 1,626 | 2,443 | 25.9% |
| Botswana | 1,437 | 1,347 | 3,452 | 2,020 | 12.0% |
| Zimbabwe | 1,347 | 1,588 | 1,663 | 1,770 | 9.5% |
| Zambia | 1,579 | 1,150 | 1,478 | 1,676 | 2.0% |
| Namibia | 1,615 | 1,587 | 1,935 | 1,488 | -2.7% |
| Mozambique | 1,429 | 978 | 1,331 | 1,442 | 0.3% |
| Swaziland | 862 | 751 | 1,385 | 1,261 | 13.5% |
| United Arab Emirates | 17.6 | 313 | 154 | 706 | 242.3% |
| Tanzania | 209 | 133 | 231 | 562 | 39.1% |
| Angola | 267 | 99.1 | 254 | 338 | 8.2% |
| Ghana | 232 | 175 | 524 | 286 | 7.2% |
| Lesotho | 162 | 207 | 179 | 178 | 3.2% |
| Others | 3,401 | 2,691 | 4,805 | 2,740 | -7.0% |
| Total | 13,782 | 11,881 | 19,016 | 16,910 | 7.1% |
Top Export Markets for Electrical Push-Button and Rotary Switch from South Africa in 2022:
- Botswana (4.4M units)
- Swaziland (3.0M units)
- Zimbabwe (2.3M units)
- Zambia (2.1M units)
- Democratic Republic of the Congo (1.6M units)
- Namibia (1.6M units)
- Mozambique (1.2M units)
- Lesotho (0.8M units)
- Tanzania (0.6M units)
- Ghana (0.4M units)
- United Arab Emirates (0.3M units)
- Angola (0.2M units)
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