Price for Electrical Push-Button and Rotary Switch in the UK - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in the UK (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in the UK (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in the UK
- Exports of Electrical Push-Button and Rotary Switch in the UK
Price for Electrical Push-Button and Rotary Switch in the UK (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $1.2 per unit in 2022, with a decrease of -2.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $1.4 per unit. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5.7 per unit), while the price for India ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in the UK (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $2.8 per unit, surging by 10% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 28%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($6.3 per unit), while the average price for exports to Kuwait ($0.5 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 Saudi Arabia (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in the UK
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into the UK fell slightly to 558M units, with a decrease of -3.5% compared with 2021 figures. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of 579M units, and then dropped slightly in the following year.
In value terms, electrical push-button and rotary switch imports reduced to $651M in 2022. Overall, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports hit record highs at $694M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electrical Push-Button and Rotary Switch in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 132 | 117 | 211 | 213 | 17.3% |
| Germany | 131 | 100 | 113 | 79.5 | -15.3% |
| United States | 65.1 | 48.3 | 47.0 | 61.6 | -1.8% |
| Mexico | 19.8 | 17.7 | 20.7 | 32.0 | 17.4% |
| France | 70.3 | 45.9 | 58.4 | 30.4 | -24.4% |
| Japan | 21.6 | 15.3 | 14.5 | 21.4 | -0.3% |
| Italy | 24.7 | 21.1 | 17.1 | 18.4 | -9.3% |
| Czech Republic | 14.1 | 10.6 | 16.6 | 13.1 | -2.4% |
| Hong Kong SAR | 15.5 | 10.0 | 15.9 | 9.8 | -14.2% |
| Hungary | 2.5 | 1.4 | 1.8 | 8.7 | 51.5% |
| India | 7.7 | 5.1 | 7.8 | 7.5 | -0.9% |
| Belgium | 13.3 | 11.0 | 13.1 | 6.3 | -22.0% |
| Netherlands | 41.3 | 36.2 | 31.5 | 4.6 | -51.9% |
| Others | 134 | 109 | 123 | 144 | 2.4% |
| Total | 694 | 548 | 690 | 651 | -2.1% |
Top Suppliers of Electrical Push-Button and Rotary Switch to the UK in 2022:
- China (309.4M units)
- Germany (69.7M units)
- India (18.5M units)
- France (14.3M units)
- Hungary (12.0M units)
- Italy (11.6M units)
- Japan (11.3M units)
- United States (10.8M units)
- Mexico (9.5M units)
- Czech Republic (7.3M units)
- Hong Kong SAR (4.9M units)
- Netherlands (1.9M units)
- Belgium (1.8M units)
Exports of Electrical Push-Button and Rotary Switch in the UK
In 2022, electrical push-button and rotary switch exports from the UK shrank to 132M units, dropping by -12.6% on 2021 figures. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 6.6%. Over the period under review, the exports hit record highs at 166M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electrical push-button and rotary switch exports fell to $369M in 2022. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 5.2%. Over the period under review, the exports attained the maximum at $421M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Push-Button and Rotary Switch in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 56.6 | 55.1 | 53.4 | 64.0 | 4.2% |
| Germany | 71.4 | 57.7 | 57.7 | 52.6 | -9.7% |
| France | 51.7 | 35.1 | 19.6 | 25.9 | -20.6% |
| Netherlands | 16.3 | 14.5 | 20.0 | 24.2 | 14.1% |
| Ireland | 18.7 | 22.0 | 19.4 | 21.1 | 4.1% |
| China | 16.6 | 11.9 | 23.9 | 13.3 | -7.1% |
| United Arab Emirates | 11.9 | 8.1 | 8.2 | 9.6 | -6.9% |
| Saudi Arabia | 7.7 | 9.1 | 9.1 | 8.5 | 3.3% |
| Poland | 6.1 | 4.7 | 7.2 | 7.9 | 9.0% |
| Malaysia | 1.2 | 1.2 | 2.0 | 5.8 | 69.1% |
| Kuwait | 2.1 | 1.2 | 3.4 | 4.4 | 28.0% |
| Hong Kong SAR | 8.1 | 11.0 | 8.3 | 4.3 | -19.0% |
| Qatar | 1.9 | 1.7 | 2.9 | 3.9 | 27.1% |
| Others | 151 | 131 | 148 | 123 | -6.6% |
| Total | 421 | 364 | 383 | 369 | -4.3% |
Top Export Markets for Electrical Push-Button and Rotary Switch from the UK in 2022:
- Germany (35.6M units)
- Ireland (13.1M units)
- United States (10.2M units)
- Kuwait (8.5M units)
- France (5.6M units)
- Netherlands (5.0M units)
- United Arab Emirates (4.9M units)
- Saudi Arabia (3.7M units)
- China (2.6M units)
- Poland (2.2M units)
- Malaysia (2.1M units)
- Qatar (2.0M units)
- Hong Kong SAR (1.3M units)
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