U.S.: Electronic Connector Market 2024

Electronic Connector Market Size in the U.S.

In 2023, the U.S. electronic connector market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Electronic Connector Production in the U.S.

In value terms, electronic connector production dropped modestly to $X in 2023. The total output value increased at an average annual rate of X% over the period from 2013 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Electronic connector production peaked at $X in 2022, and then contracted slightly in the following year.

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Electronic Connector Exports

Exports from the U.S.

In 2023, overseas shipments of electronic connectors decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. In general, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, electronic connector exports declined modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped in the following year.

Exports by Country

Mexico (X units) was the main destination for electronic connector exports from the United States, with a X% share of total exports. Moreover, electronic connector exports to Mexico exceeded the volume sent to the second major destination, China (X units), fivefold. France (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual growth rate of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and France (X% per year).

In value terms, Mexico ($X) remains the key foreign market for electronic connectors exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2013 to 2023, the average annual growth rate of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

Export Prices by Country

The average electronic connector export price stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, export price indicated a resilient expansion from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic connector export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Connector Imports

Imports into the U.S.

In 2023, overseas purchases of electronic connectors decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, electronic connector imports declined remarkably to $X in 2023. The total import value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then fell sharply in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of electronic connector to the United States, accounting for a X% share of total imports. Moreover, electronic connector imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an X% share.

From 2013 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of electronic connectors to the United States, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the average electronic connector import price amounted to $X per unit, rising by X% against the previous year. Overall, import price indicated a strong increase from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic connector import price increased by X% against 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform