Price for Electrical Push-Button and Rotary Switch in Tanzania - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in Tanzania (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Tanzania (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Tanzania
- Exports of Electrical Push-Button and Rotary Switch in Tanzania
Price for Electrical Push-Button and Rotary Switch in Tanzania (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $0.1 per unit in 2022, reducing by -3.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19%. The import price peaked at $0.2 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($0.4 per unit), while the price for the United Arab Emirates (less than $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 China (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Push-Button and Rotary Switch in Tanzania (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.5 per unit, picking up by 200% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($2.7 per unit), while the average price for exports to Hong Kong SAR ($0.1 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 South Africa (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Tanzania
In 2022, overseas purchases of electrical push-button and rotary switches for under 1000 v decreased by -0.4% to 62M units, falling for the second year in a row after two years of growth. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 60%. As a result, imports attained the peak of 85M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, electrical push-button and rotary switch imports dropped modestly to $8.4M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 88% against the previous year. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Electrical Push-Button and Rotary Switch in Tanzania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.2 | 5.8 | 6.0 | 4.8 | 4.6% |
India | 0.5 | 5.0 | 0.5 | 0.8 | 17.0% |
South Africa | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
Turkey | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
United Arab Emirates | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
Others | 1.4 | 1.5 | 1.9 | 2.3 | 18.0% |
Total | 6.7 | 12.6 | 8.8 | 8.4 | 7.8% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Tanzania in 2022:
- China (44.6M units)
- India (8.5M units)
- United Arab Emirates (3.0M units)
- South Africa (1.2M units)
- Turkey (0.7M units)
Exports of Electrical Push-Button and Rotary Switch in Tanzania
In 2022, after two years of decline, there was growth in overseas shipments of electrical push-button and rotary switches for under 1000 v, when their volume increased by 5% to 320K units. Overall, exports, however, faced a sharp curtailment. The exports peaked at 3.3M 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 surged to $157K in 2022. In general, exports, however, faced a sharp slump. Over the period under review, the exports hit record highs at $467K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Electrical Push-Button and Rotary Switch in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 4.4 | N/A | 2.0 | 62.7 | 142.4% |
Mozambique | 0.2 | N/A | N/A | 44.5 | 506.0% |
Netherlands | 8.4 | N/A | N/A | 14.3 | 19.4% |
Zambia | 259 | 25.3 | 4.8 | 8.9 | -67.5% |
Belgium | N/A | 0.4 | 12.1 | 7.9 | 344.4% |
Zimbabwe | N/A | N/A | N/A | 4.5 | 0% |
Hong Kong SAR | N/A | N/A | N/A | 1.4 | 0% |
Democratic Republic of the Congo | 0.3 | N/A | 18.0 | 0.5 | 18.6% |
Kenya | 163 | N/A | 6.6 | 0.1 | -91.5% |
Others | 32.0 | 10.4 | 6.3 | 12.1 | -27.7% |
Total | 467 | 36.2 | 49.8 | 157 | -30.5% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Tanzania in 2022:
- Mozambique (79.5K units)
- Zambia (64.8K units)
- South Africa (56.6K units)
- Zimbabwe (46.6K units)
- Belgium (36.9K units)
- Hong Kong SAR (22.0K units)
- Netherlands (5.4K units)
- Democratic Republic of the Congo (2.4K units)
- Kenya (0.6K units)
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