Price for Electrical Push-Button and Rotary Switch in Thailand - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Thailand (FOB) - 2024
- Price for Electrical Push-Button and Rotary Switch in Thailand (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in Thailand
- Imports of Electrical Push-Button and Rotary Switch in Thailand
Price for Electrical Push-Button and Rotary Switch in Thailand (FOB) - 2024
In March 2024, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $2.2 per unit, increasing by 19% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $2.3 per unit in March 2023; however, from April 2023 to March 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In March 2024, the country with the highest price was Brazil ($3.2 per unit), while the average price for exports to the Philippines ($866 per thousand units) 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 Vietnam (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Thailand (CIF) - 2024
In March 2024, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $2.1 per unit, growing by 6.6% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 9.1% m-o-m. Over the period under review, average import prices reached the maximum in March 2024.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the highest price was recorded for prices from Japan ($2.2 per unit) and the Philippines ($2.0 per unit), while the price for Vietnam ($1.5 per unit) and South Korea ($1.6 per unit) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Thailand
In 2022, shipments abroad of electrical push-button and rotary switches for under 1000 v decreased by -2.8% to 212M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 4.8% against the previous year. As a result, the exports reached the peak of 218M units, and then dropped slightly in the following year.
In value terms, electrical push-button and rotary switch exports declined to $423M in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. The exports peaked at $462M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electrical Push-Button and Rotary Switch in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 193 | 167 | 170 | 135 | -11.2% |
| United States | 52.6 | 49.5 | 54.6 | 52.1 | -0.3% |
| China | 35.5 | 38.1 | 40.7 | 36.5 | 0.9% |
| Indonesia | 31.3 | 16.8 | 28.2 | 32.7 | 1.5% |
| Malaysia | 20.6 | 18.2 | 17.7 | 21.4 | 1.3% |
| Brazil | 14.0 | 9.1 | 15.2 | 18.3 | 9.3% |
| South Africa | 8.9 | 7.9 | 13.0 | 9.6 | 2.6% |
| Argentina | 7.0 | 6.2 | 9.9 | 9.3 | 9.9% |
| Vietnam | 10.2 | 8.4 | 9.3 | 9.1 | -3.7% |
| South Korea | 7.5 | 5.2 | 5.5 | 7.0 | -2.3% |
| Pakistan | 6.6 | 5.5 | 10.3 | 6.1 | -2.6% |
| Philippines | 10.3 | 5.6 | 6.4 | 5.8 | -17.4% |
| Myanmar | 2.5 | 2.7 | 1.5 | 1.3 | -19.6% |
| Others | 62.3 | 55.1 | 77.9 | 79.7 | 8.6% |
| Total | 462 | 396 | 460 | 423 | -2.9% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Thailand in 2022:
- Japan (86.0M units)
- Indonesia (20.0M units)
- United States (19.2M units)
- China (11.5M units)
- Malaysia (8.7M units)
- Philippines (7.1M units)
- South Korea (6.9M units)
- Brazil (5.7M units)
- Vietnam (4.8M units)
- Myanmar (4.5M units)
- Argentina (4.4M units)
- Pakistan (4.1M units)
- South Africa (3.9M units)
Imports of Electrical Push-Button and Rotary Switch in Thailand
After three years of growth, purchases abroad of electrical push-button and rotary switches for under 1000 v decreased by -26.4% to 201M units in 2022. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of 273M units, and then fell remarkably in the following year.
In value terms, electrical push-button and rotary switch imports shrank to $403M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of $473M, and then dropped in the following year.
| Import of Electrical Push-Button and Rotary Switch in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 114 | 122 | 157 | 130 | 4.5% |
| Japan | 115 | 95.0 | 123 | 108 | -2.1% |
| Indonesia | 20.1 | 16.4 | 25.4 | 23.1 | 4.7% |
| Vietnam | 17.9 | 15.6 | 16.0 | 16.6 | -2.5% |
| Philippines | 10.4 | 8.8 | 12.7 | 13.8 | 9.9% |
| Malaysia | 9.6 | 10.4 | 12.8 | 12.6 | 9.5% |
| Germany | 15.4 | 10.3 | 11.8 | 9.3 | -15.5% |
| United States | 15.3 | 14.2 | 13.2 | 8.7 | -17.2% |
| South Korea | 10.1 | 8.2 | 10.3 | 8.5 | -5.6% |
| Taiwan (Chinese) | 8.0 | 8.8 | 11.0 | 8.1 | 0.4% |
| Others | 66.4 | 65.3 | 79.1 | 64.2 | -1.1% |
| Total | 402 | 375 | 473 | 403 | 0.1% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Thailand in 2022:
- China (82.4M units)
- Japan (50.2M units)
- Indonesia (17.3M units)
- Vietnam (9.4M units)
- Malaysia (7.6M units)
- Philippines (6.9M units)
- South Korea (5.5M units)
- Taiwan (Chinese) (3.7M units)
- Germany (2.8M units)
- United States (1.9M units)
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