HS Code:
Cylindrical multicontact connectors (classified under HS Code 8536.69) are electrical connectors designed with a cylindrical shape and multiple contact points, used primarily for connecting electrical circuits in various applications such as industrial machinery, automotive systems, aerospace, and telecommunications. These connectors are valued for their durability, reliability in harsh environments, and ability to handle high currents and voltages. They are essential components in industries requiring robust and secure electrical connections.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 600 million
24% of total trade of total trade
Increasing
USD 450 million
18% of total trade of total trade
Stable
USD 400 million
16% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Stable
USD 200 million
8% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand in electric vehicles (EVs)
Increased production of cylindrical multicontact connectors for EV battery systems and charging infrastructure, driving market growth by 15% annually.
2022
Shift toward miniaturization
Manufacturers are developing smaller, high-density connectors to meet the needs of compact electronic devices, influencing design and production costs.
2021
Rising adoption in renewable energy systems
Connectors are increasingly used in solar and wind energy systems for reliable power transmission, boosting demand in green energy sectors.
2022
A new bilateral agreement reduced tariffs on electrical connectors, including cylindrical multicontact connectors, from 7% to 3% as part of broader trade negotiations.
March 2023
Expected to increase trade volume between the US and China by 10% over the next two years.
The European Union updated its Restriction of Hazardous Substances (RoHS) directive, imposing stricter material compliance requirements for connectors.
January 2023
Manufacturers may face higher compliance costs, potentially affecting pricing in the EU market.
Leading manufacturers introduced new corrosion-resistant cylindrical connectors designed for extreme environments, targeting aerospace and marine applications.
June 2023
Likely to expand market share in niche high-performance sectors, with a projected 5% increase in demand.