Price for Electrical Push-Button and Rotary Switch in Spain - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Spain (CIF) - 2024
- Price for Electrical Push-Button and Rotary Switch in Spain (FOB) - 2024
- Imports of Electrical Push-Button and Rotary Switch in Spain
- Exports of Electrical Push-Button and Rotary Switch in Spain
Price for Electrical Push-Button and Rotary Switch in Spain (CIF) - 2024
In February 2024, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $1.3 per unit, surging by 60% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average import price increased by 75% month-to-month. Over the period under review, average import prices attained the maximum at $2.3 per unit in August 2023; however, from September 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($11.6 per unit), while the price for Poland ($265 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 Belgium (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Spain (FOB) - 2024
In February 2024, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $1.2 per unit, reducing by -2.5% against the previous month. Overall, the export price recorded a perceptible slump. The pace of growth appeared the most rapid in April 2023 an increase of 100% m-o-m. Over the period under review, the average export prices reached the peak figure at $2.3 per unit in September 2023; however, from October 2023 to February 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In February 2024, the country with the highest price was Romania ($4.5 per unit), while the average price for exports to Austria ($210 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Spain
In 2022, approx. 391M units of electrical push-button and rotary switches for under 1000 v were imported into Spain; shrinking by -14.2% against the previous year. Over the period under review, imports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 6.3% against the previous year. Imports peaked at 517M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electrical push-button and rotary switch imports fell to $445M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $502M, and then dropped in the following year.
| Import of Electrical Push-Button and Rotary Switch in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 126 | 131 | 145 | 111 | -4.1% |
| Germany | 109 | 101 | 114 | 104 | -1.6% |
| France | 66.8 | 70.1 | 73.8 | 65.4 | -0.7% |
| Italy | 24.7 | 25.7 | 36.3 | 40.0 | 17.4% |
| Netherlands | 8.7 | 15.2 | 27.7 | 26.7 | 45.3% |
| Finland | 12.7 | 7.4 | 8.2 | 10.9 | -5.0% |
| Belgium | 3.8 | 5.4 | 6.4 | 7.2 | 23.7% |
| Poland | 5.9 | 2.9 | 6.0 | 6.5 | 3.3% |
| Czech Republic | 11.4 | 5.7 | 5.6 | 6.4 | -17.5% |
| Portugal | 8.2 | 9.0 | 10.3 | 3.8 | -22.6% |
| Austria | 6.1 | 4.5 | 4.0 | 2.2 | -28.8% |
| South Korea | 7.5 | 6.9 | 6.7 | 1.2 | -45.7% |
| Others | 54.1 | 51.2 | 58.8 | 59.3 | 3.1% |
| Total | 445 | 435 | 502 | 445 | 0.0% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Spain in 2022:
- Germany (106.0M units)
- France (89.2M units)
- China (50.2M units)
- Italy (45.8M units)
- Netherlands (18.3M units)
- Belgium (11.2M units)
- Portugal (10.4M units)
- Finland (9.2M units)
- Czech Republic (7.1M units)
- Poland (5.4M units)
- Austria (3.9M units)
- South Korea (1.6M units)
Exports of Electrical Push-Button and Rotary Switch in Spain
In 2022, overseas shipments of electrical push-button and rotary switches for under 1000 v increased by 3.5% to 138M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep setback. Over the period under review, the exports hit record highs at 221M 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 amounted to $190M in 2022. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 5.2% against the previous year. Over the period under review, the exports reached the maximum at $236M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Push-Button and Rotary Switch in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 113 | 33.7 | 32.8 | 28.6 | -36.7% |
| Germany | 9.1 | 9.2 | 19.7 | 25.4 | 40.8% |
| Portugal | 27.4 | 22.7 | 25.7 | 22.5 | -6.4% |
| United Kingdom | 2.8 | 2.2 | 10.0 | 12.5 | 64.7% |
| Romania | 3.6 | 7.2 | 12.5 | 10.4 | 42.4% |
| Italy | 7.8 | 7.9 | 14.2 | 9.2 | 5.7% |
| United States | 3.3 | 2.4 | 4.1 | 8.7 | 38.1% |
| Chile | 2.7 | 2.6 | 3.7 | 6.3 | 32.6% |
| Morocco | 11.2 | 44.5 | 4.8 | 5.1 | -23.1% |
| China | 3.4 | 3.5 | 7.0 | 4.6 | 10.6% |
| Poland | 4.2 | 4.2 | 6.0 | 4.5 | 2.3% |
| Turkey | 4.9 | 4.4 | 5.3 | 3.0 | -15.1% |
| South Korea | 0.3 | 0.5 | 0.9 | 1.9 | 85.0% |
| Others | 41.6 | 35.1 | 42.7 | 47.7 | 4.7% |
| Total | 236 | 180 | 189 | 190 | -7.0% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Spain in 2022:
- France (27.2M units)
- Germany (16.9M units)
- Portugal (15.0M units)
- Italy (6.1M units)
- China (5.8M units)
- United States (5.5M units)
- Poland (5.5M units)
- Romania (4.6M units)
- Morocco (4.1M units)
- Chile (3.6M units)
- United Kingdom (3.2M units)
- Turkey (3.1M units)
- South Korea (2.6M units)
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