Price for Electrical Push-Button and Rotary Switch in Vietnam - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Vietnam (FOB) - 2022
- Price for Electrical Push-Button and Rotary Switch in Vietnam (CIF) - 2022
- Exports of Electrical Push-Button and Rotary Switch in Vietnam
- Imports of Electrical Push-Button and Rotary Switch in Vietnam
Price for Electrical Push-Button and Rotary Switch in Vietnam (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $1.4 per unit, waning by -31.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. The export price peaked at $2 per unit in 2021, and then dropped significantly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($3.5 per unit), while the average price for exports to the United Arab Emirates ($0.4 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 Hong Kong SAR (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Vietnam (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $1.4 per unit in 2022, surging by 9.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 28%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Hong Kong SAR ($4.2 per unit), while the price for Malaysia ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Vietnam
In 2022, approx. 310M units of electrical push-button and rotary switches for under 1000 v were exported from Vietnam; rising by 65% compared with the previous year's figure. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, electrical push-button and rotary switch exports expanded remarkably to $436M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electrical Push-Button and Rotary Switch in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.2 | 61.7 | 83.2 | 90.9 | 16.0% |
| China | 26.1 | 32.1 | 43.9 | 53.5 | 27.0% |
| Singapore | 25.8 | 25.5 | 31.5 | 45.3 | 20.6% |
| South Korea | 20.5 | 26.8 | 33.2 | 39.5 | 24.4% |
| Germany | 21.3 | 21.9 | 25.5 | 36.0 | 19.1% |
| Japan | 22.2 | 22.5 | 29.4 | 31.6 | 12.5% |
| Hong Kong SAR | 23.0 | 22.5 | 31.2 | 20.7 | -3.5% |
| Mexico | 9.4 | 9.7 | 10.4 | 18.1 | 24.4% |
| Thailand | 17.9 | 15.6 | 16.0 | 16.6 | -2.5% |
| Malaysia | 5.3 | 5.2 | 12.5 | 11.6 | 29.8% |
| Taiwan (Chinese) | 4.3 | 4.4 | 5.4 | 7.4 | 19.8% |
| United Arab Emirates | 6.4 | 5.5 | 6.8 | 5.8 | -3.2% |
| United Kingdom | 3.1 | 2.4 | 2.5 | 4.2 | 10.7% |
| Others | 35.5 | 37.3 | 53.6 | 55.1 | 15.8% |
| Total | 279 | 293 | 385 | 436 | 16.0% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Vietnam in 2022:
- United States (53.7M units)
- South Korea (40.8M units)
- China (29.9M units)
- Malaysia (23.1M units)
- Japan (19.6M units)
- Taiwan (Chinese) (18.4M units)
- Thailand (17.1M units)
- United Arab Emirates (16.3M units)
- Germany (15.8M units)
- Singapore (13.0M units)
- Hong Kong SAR (12.1M units)
- Mexico (8.5M units)
- United Kingdom (7.4M units)
Imports of Electrical Push-Button and Rotary Switch in Vietnam
In 2022, overseas purchases of electrical push-button and rotary switches for under 1000 v decreased by -17.2% to 180M units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 3.7% against the previous year. As a result, imports attained the peak of 250M 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 shrank to $253M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 9.3% against the previous year. Over the period under review, imports attained the maximum at $279M in 2021, and then contracted in the following year.
| Import of Electrical Push-Button and Rotary Switch in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.4 | 111 | 127 | 113 | 28.4% |
| South Korea | 73.6 | 43.8 | 50.0 | 43.1 | -16.3% |
| Hong Kong SAR | 30.8 | 32.3 | 27.5 | 23.8 | -8.2% |
| Indonesia | 2.1 | 4.8 | 7.0 | 9.2 | 63.6% |
| Thailand | 10.2 | 8.5 | 9.2 | 9.1 | -3.7% |
| Taiwan (Chinese) | 15.8 | 10.5 | 7.7 | 7.6 | -21.6% |
| Malaysia | 4.2 | 9.3 | 4.3 | 3.9 | -2.4% |
| Others | 46.8 | 39.1 | 46.8 | 43.4 | -2.5% |
| Total | 237 | 259 | 279 | 253 | 2.2% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Vietnam in 2022:
- China (112.8M units)
- South Korea (25.5M units)
- Indonesia (9.5M units)
- Malaysia (5.9M units)
- Hong Kong SAR (5.6M units)
- Thailand (4.7M units)
- Taiwan (Chinese) (4.2M units)
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