Price for Electrical Push-Button and Rotary Switch in the United States - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in the United States (CIF) - 2024
- Price for Electrical Push-Button and Rotary Switch in the United States (FOB) - 2024
- Imports of Electrical Push-Button and Rotary Switch in the United States
- Exports of Electrical Push-Button and Rotary Switch in the United States
Price for Electrical Push-Button and Rotary Switch in the United States (CIF) - 2024
In March 2024, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $2.7 per unit, falling by -7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2024 an increase of 9.3% against the previous month. As a result, import price reached the peak level of $3.0 per unit, and then dropped in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($12.6 per unit), while the price for Malaysia ($362 per thousand units) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in the United States (FOB) - 2024
In March 2024, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $11.8 per unit, increasing by 1.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in October 2023 an increase of 51% against the previous month. As a result, the export price attained the peak level of $15.8 per unit. From November 2023 to March 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($16.4 per unit), while the average price for exports to Vietnam ($2.5 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 Vietnam (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in the United States
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into the United States reduced slightly to 1.4B units, declining by -3.6% compared with the previous year's figure. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% 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 increased by +43.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports reached the peak of 1.4B units, and then reduced in the following year.
In value terms, electrical push-button and rotary switch imports expanded sharply to $3B in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Electrical Push-Button and Rotary Switch in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 879 | 736 | 823 | 953 | 2.7% |
| China | 541 | 499 | 578 | 571 | 1.8% |
| Japan | 241 | 215 | 274 | 278 | 4.9% |
| Germany | 207 | 154 | 193 | 201 | -1.0% |
| Taiwan (Chinese) | 66.0 | 68.7 | 108 | 119 | 21.7% |
| Vietnam | 58.2 | 59.5 | 79.5 | 87.3 | 14.5% |
| France | 74.2 | 50.8 | 70.7 | 84.0 | 4.2% |
| South Korea | 58.6 | 56.7 | 63.8 | 71.4 | 6.8% |
| Malaysia | 27.3 | 26.8 | 33.4 | 42.4 | 15.8% |
| Indonesia | 25.6 | 19.5 | 26.1 | 32.1 | 7.8% |
| Philippines | 21.1 | 11.1 | 21.1 | 21.2 | 0.2% |
| Others | 526 | 442 | 515 | 575 | 3.0% |
| Total | 2,725 | 2,339 | 2,786 | 3,036 | 3.7% |
Top Suppliers of Electrical Push-Button and Rotary Switch to the United States in 2022:
- China (499.1M units)
- Mexico (250.5M units)
- Japan (206.8M units)
- France (79.0M units)
- Taiwan (Chinese) (72.5M units)
- South Korea (44.2M units)
- Germany (34.1M units)
- Indonesia (30.6M units)
- Vietnam (25.4M units)
- Malaysia (22.1M units)
- Philippines (22.0M units)
Exports of Electrical Push-Button and Rotary Switch in the United States
In 2022, overseas shipments of electrical push-button and rotary switches for under 1000 v were finally on the rise to reach 211M units after two years of decline. Over the period under review, exports, however, recorded a precipitous curtailment. The exports peaked at 636M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electrical push-button and rotary switch exports expanded sharply to $2B in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 607 | 517 | 537 | 646 | 2.1% |
| Canada | 419 | 423 | 492 | 521 | 7.5% |
| China | 74.4 | 74.6 | 86.1 | 81.0 | 2.9% |
| Germany | 70.6 | 52.2 | 59.0 | 69.5 | -0.5% |
| United Kingdom | 62.2 | 49.8 | 54.9 | 64.2 | 1.1% |
| Japan | 39.1 | 37.9 | 44.6 | 52.3 | 10.2% |
| South Korea | 38.9 | 33.0 | 37.0 | 36.7 | -1.9% |
| Brazil | 29.5 | 27.0 | 35.9 | 36.1 | 7.0% |
| France | 33.2 | 27.3 | 29.0 | 35.7 | 2.4% |
| Hong Kong SAR | 34.2 | 31.3 | 33.8 | 29.6 | -4.7% |
| India | 20.0 | 24.8 | 24.1 | 27.5 | 11.2% |
| Italy | 38.3 | 25.9 | 19.9 | 24.9 | -13.4% |
| Vietnam | 7.5 | 7.2 | 8.4 | 7.1 | -1.8% |
| Others | 327 | 294 | 314 | 382 | 5.3% |
| Total | 1,800 | 1,624 | 1,776 | 2,013 | 3.8% |
Top Export Markets for Electrical Push-Button and Rotary Switch from the United States in 2022:
- Mexico (90.7M units)
- Canada (39.2M units)
- China (8.2M units)
- Germany (6.8M units)
- France (6.1M units)
- United Kingdom (5.9M units)
- Japan (5.3M units)
- Hong Kong SAR (4.8M units)
- India (3.6M units)
- Vietnam (3.2M units)
- South Korea (3.2M units)
- Brazil (3.1M units)
- Italy (2.0M units)
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