Latest Report Update: Jun 1, 2023
U.S. Electronic Connector Market. Analysis And Forecast to 2030
Subscription
Online access and download
from $280/month
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
Article Publishing Date: Apr 19, 2023
US Electronic Connector Export Revenue Surges to $245M in February 2023
U.S. Electronic Connector Exports
After two months of growth, overseas shipments of electronic connectors decreased by -13.8% to 70M units in February 2023. In general, exports continue to indicate a mild reduction. The growth pace was the most rapid in March 2022 with an increase of 16% m-o-m. As a result, the exports attained the peak of 93M units. From April 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, electronic connector exports expanded notably to $245M (IndexBox estimates) in February 2023. The total export value increased at an average monthly rate of +1.3% from February 2022 to February 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain months. The pace of growth was the most pronounced in March 2022 with an increase of 26% m-o-m. As a result, the exports reached the peak of $264M. From April 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Value Electronic Connector in U.S. (million USD) | |||||||||||||
| Mexico | 47.5 | 54.7 | 54.3 | 53.7 | 56.2 | 53.7 | 57.5 | 57.9 | 56.0 | 51.7 | 54.1 | 55.8 | 71.7 |
| Canada | 16.1 | 22.6 | 18.3 | 18.3 | 18.6 | 17.3 | 18.4 | 18.2 | 19.2 | 16.9 | 15.8 | 17.0 | 15.3 |
| China | 17.1 | 25.6 | 19.6 | 18.8 | 18.9 | 17.8 | 17.3 | 17.0 | 15.8 | 16.2 | 18.7 | 12.5 | 13.4 |
| United Kingdom | 5.9 | 8.6 | 9.0 | 6.8 | 7.8 | 7.7 | 8.2 | 8.6 | 8.1 | 9.4 | 8.5 | 9.4 | 12.9 |
| Malaysia | 15.2 | 18.6 | 18.7 | 15.8 | 16.8 | 16.5 | 16.1 | 13.5 | 10.9 | 10.3 | 9.3 | 10.8 | 11.5 |
| Germany | 9.8 | 13.1 | 8.2 | 10.7 | 9.5 | 9.1 | 9.2 | 9.4 | 9.1 | 7.8 | 9.3 | 8.6 | 9.3 |
| Hong Kong | 9.0 | 13.3 | 10.7 | 11.9 | 16.9 | 11.0 | 10.0 | 10.1 | 8.7 | 12.0 | 8.3 | 14.3 | 8.8 |
| India | 6.9 | 7.5 | 5.0 | 5.4 | 6.4 | 5.4 | 7.0 | 6.6 | 5.8 | 4.7 | 6.2 | 6.9 | 7.7 |
| France | 6.8 | 10.0 | 7.6 | 7.6 | 7.3 | 6.7 | 6.6 | 7.2 | 7.5 | 6.4 | 6.7 | 8.9 | 6.9 |
| Japan | 10.2 | 8.5 | 7.3 | 6.8 | 6.4 | 6.6 | 7.0 | 6.2 | 9.1 | 10.8 | 7.5 | 7.0 | 6.6 |
| Taiwan (Chinese) | 5.2 | 8.5 | 6.0 | 7.3 | 8.7 | 6.9 | 6.8 | 7.3 | 6.5 | 6.4 | 6.3 | 5.3 | 5.5 |
| Costa Rica | 4.4 | 4.3 | 5.2 | 4.6 | 5.6 | 4.6 | 4.2 | 4.7 | 5.0 | 4.7 | 15.6 | 4.5 | 5.3 |
| Poland | 1.8 | 1.8 | 1.9 | 2.7 | 2.4 | 2.2 | 2.8 | 2.3 | 3.3 | 2.3 | 1.4 | 4.1 | 2.2 |
| Total | 210.0 | 264.0 | 232.0 | 228.0 | 243.0 | 227.0 | 231.0 | 237.0 | 232.0 | 215.0 | 231.0 | 226.0 | 245.0 |
Exports by Country
Mexico (25M units) was the main destination for electronic connector exports from the United States, with a 36% share of total exports. Moreover, electronic connector exports to Mexico exceeded the volume sent to the second major destination, France (5.4M units), fivefold. The third position in this ranking was taken by China (5M units), with a 7.2% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (-1.2% per month) and China (-3.2% per month).
In value terms, Mexico ($72M) remains the key foreign market for electronic connector exports from the United States, comprising 29% of total exports. The second position in the ranking was held by Canada ($15M), with a 6.2% share of total exports. It was followed by China, with a 5.4% share.
From February 2022 to February 2023, the average monthly growth rate of value to Mexico amounted to +3.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (-0.5% per month) and China (-2.0% per month).
Export Prices by Country
In February 2023, the electronic connector price stood at $3.5 per unit (FOB, US), rising by 26% against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($8.9 per unit), while the average price for exports to France ($1.3 per unit) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the electronic connector market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• NAICS 334417 - Electronic connector manufacturing
Companies mentioned:
• Tyco Electronics Corporation
• Pei/Genesis
• Methode Electronics
• Airborn Interconnect
• Mac Lean-Fogg Company
• Amphenol Corporation
• L-Com
• Hypertronics Corporation
• Dcg Systems
• Teledyne Odi
• CTS Corporation
• Positronic Industries
• Winchester Electronics Corp
• Sabritec
• Mill-Max Mfg. Corp.
• Powell Electronics
• Amphenol Optimize Manufacturing Co.
• Joslyn Sunbank Company
• Cinch Connectivity Solutions
• Zeikos
• I O Interconnect
• Amphenol TCS
• Felchar Manufacturing Corporation
• Woodhead Industries
• Radiall America
• Molex U S Inc
• Charged Up
• Iriso, U.S.A.
• Fci Usa
• Brantner Holding Company
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Webinar: Global Printed Circuit Assembly Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global printed circuit assembly market.
Thursday, April 29th, 2021 @ 04:00 pm ET
•
•
•
