Price for Electrical Push-Button and Rotary Switch in Venezuela - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Venezuela (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Venezuela (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Venezuela
- Exports of Electrical Push-Button and Rotary Switch in Venezuela
Price for Electrical Push-Button and Rotary Switch in Venezuela (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $0.4 per unit, declining by -5.2% against the previous year. Overall, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 28% against the previous year. The import price peaked at $0.8 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3.5 per unit), while the price for China ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Venezuela (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $2.9 per unit in 2022, surging by 22% against the previous year. Overall, the export price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 an increase of 116%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
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 the Netherlands ($2.9 per unit), while the average price for exports to South Africa totaled $1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Venezuela
In 2022, approx. 13M units of electrical push-button and rotary switches for under 1000 v were imported into Venezuela; picking up by 52% against the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, electrical push-button and rotary switch imports soared to $4.9M in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 81%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Electrical Push-Button and Rotary Switch in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.2 | 2.0 | 3.8 | 36.3% |
| United States | 0.4 | 0.2 | 0.7 | 0.3 | -9.1% |
| Others | 0.8 | 0.5 | 0.7 | 0.8 | 0.0% |
| Total | 2.7 | 1.9 | 3.4 | 4.9 | 22.0% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Venezuela in 2022:
- China (12.3M units)
- United States (0.1M units)
Exports of Electrical Push-Button and Rotary Switch in Venezuela
In 2022, electrical push-button and rotary switch exports from Venezuela contracted sharply to 4.3K units, with a decrease of -34.2% against 2021 figures. Overall, exports showed a dramatic slump. Over the period under review, the exports hit record highs at 51K 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 reduced dramatically to $12K in 2022. In general, exports showed a precipitous descent. Over the period under review, the exports reached the maximum at $53K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electrical Push-Button and Rotary Switch in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 12.3 | 0% |
| Switzerland | N/A | N/A | 4.3 | N/A | 0% |
| Chile | 40.9 | 0.8 | N/A | N/A | -98.0% |
| Guatemala | N/A | N/A | 10.7 | N/A | 0% |
| Malaysia | N/A | 1.8 | N/A | N/A | 0% |
| United States | 3.3 | 16.1 | N/A | N/A | 387.9% |
| Panama | 5.0 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 4.1 | 0.4 | 0.1 | -71.5% |
| Total | 53.4 | 22.8 | 15.5 | 12.4 | -38.5% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Venezuela in 2022:
- Netherlands (4.2K units)
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