Price for Electrical Push-Button and Rotary Switch in Switzerland - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Switzerland (FOB) - 2024
- Price for Electrical Push-Button and Rotary Switch in Switzerland (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in Switzerland
- Imports of Electrical Push-Button and Rotary Switch in Switzerland
Price for Electrical Push-Button and Rotary Switch in Switzerland (FOB) - 2024
The average export price for electrical push-button and rotary switches for under 1000 v stood at $8.3 per unit in March 2024, shrinking by -10.1% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 14% month-to-month. The export price peaked at $11.5 per unit in December 2023; however, from January 2024 to March 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was the United States ($14.1 per unit), while the average price for exports to Mexico ($1.8 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Switzerland (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $5.6 per unit in March 2024, surging by 2.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 9.7% against the previous month. The import price peaked at $5.8 per unit in January 2024; however, from February 2024 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Taiwan (Chinese) ($7.8 per unit), while the price for Finland ($1.7 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Switzerland
In 2022, electrical push-button and rotary switch exports from Switzerland totaled 46M units, remaining relatively unchanged against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 3.1%. Over the period under review, the exports reached the maximum at 47M 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 rose notably to $342M in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Electrical Push-Button and Rotary Switch in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 153 | 151 | 170 | 184 | 6.3% |
| United States | 30.4 | 22.4 | 25.0 | 25.0 | -6.3% |
| China | 20.1 | 18.0 | 20.6 | 21.1 | 1.6% |
| Italy | 10.7 | 10.6 | 14.4 | 15.5 | 13.1% |
| United Kingdom | 11.7 | 8.9 | 9.4 | 10.7 | -2.9% |
| Romania | 4.7 | 9.0 | 9.0 | 10.1 | 29.0% |
| Hong Kong SAR | 5.3 | 6.3 | 8.1 | 8.7 | 18.0% |
| France | 9.1 | 6.6 | 7.5 | 8.3 | -3.0% |
| Poland | 11.3 | 8.0 | 7.3 | 5.8 | -19.9% |
| Netherlands | 7.0 | 5.8 | 5.4 | 5.1 | -10.0% |
| Hungary | 8.2 | 4.7 | 4.3 | 4.0 | -21.3% |
| Turkey | 3.6 | 4.1 | 4.1 | 3.8 | 1.8% |
| Austria | 2.3 | 2.7 | 3.3 | 3.0 | 9.3% |
| Others | 37.0 | 29.3 | 36.2 | 37.3 | 0.3% |
| Total | 314 | 287 | 324 | 342 | 2.9% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Switzerland in 2022:
- Germany (15.2M units)
- Italy (5.4M units)
- China (4.9M units)
- Romania (2.8M units)
- United States (2.0M units)
- United Kingdom (1.5M units)
- Turkey (1.4M units)
- France (1.4M units)
- Hong Kong SAR (1.4M units)
- Hungary (1.3M units)
- Poland (1.2M units)
- Netherlands (0.7M units)
- Austria (0.7M units)
Imports of Electrical Push-Button and Rotary Switch in Switzerland
For the fourth year in a row, Switzerland recorded growth in purchases abroad of electrical push-button and rotary switches for under 1000 v, which increased by 21% to 46M units in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, electrical push-button and rotary switch imports rose sharply to $216M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 81.5 | 79.6 | 89.4 | 90.9 | 3.7% |
| China | 18.4 | 17.9 | 26.7 | 27.7 | 14.6% |
| Italy | 16.1 | 16.6 | 19.1 | 23.1 | 12.8% |
| France | 12.1 | 9.9 | 10.3 | 9.4 | -8.1% |
| United Kingdom | 6.5 | 5.7 | 5.9 | 4.7 | -10.2% |
| Netherlands | 3.7 | 3.8 | 4.8 | 4.3 | 5.1% |
| Austria | 3.9 | 3.8 | 3.7 | 3.5 | -3.5% |
| North Macedonia | 0.3 | 0.9 | 1.1 | 3.3 | 122.4% |
| Czech Republic | 2.1 | 1.8 | 2.3 | 3.1 | 13.9% |
| Poland | 1.7 | 1.5 | 1.9 | 2.5 | 13.7% |
| Others | 31.0 | 31.9 | 39.0 | 43.1 | 11.6% |
| Total | 177 | 173 | 204 | 216 | 6.9% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Switzerland in 2022:
- Germany (14.2M units)
- Italy (8.5M units)
- China (8.2M units)
- United Kingdom (2.3M units)
- France (2.2M units)
- Poland (0.9M units)
- North Macedonia (0.8M units)
- Austria (0.8M units)
- Netherlands (0.7M units)
- Czech Republic (0.7M units)
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