Industry Overview - The connector industry is characterized by global market dynamics and specialized divisions, with a relatively stable competitive landscape [1] - Major multinational companies from Europe, America, and Japan have significant advantages in product quality and scale due to ample R&D funding and years of technological accumulation [1] - These companies lead the industry by continuously launching high-end products, influencing the development direction of the connector market [1] Competitive Landscape - The upstream of the connector industry consists of metals and plastics, with stable prices influenced by various factors, resulting in weak bargaining power for suppliers [3] - The majority of connector products in China are in a state of oversupply, leading to strong bargaining power for consumers [3] - The downstream applications of connectors are diverse, with low entry barriers, posing a significant threat from new entrants [3] - The main substitute for connectors is terminal blocks, with a higher threat in the mid-to-low-end market compared to the high-end market [3] - The market concentration in China's connector industry is low, resulting in intense competition [3] Import and Export Statistics - The import and export statistics for the connector industry are categorized under specific HS codes, including plugs and sockets, fiber optic connectors, and other electrical devices [5][7] - From 2018 to 2024, China's connector export value shows a fluctuating upward trend, reaching $4.768 billion in 2024, with a year-on-year growth of 2.71% [8] - In the first five months of 2025, the export value of connectors reached $1.751 billion [8]

Group 1 - The core viewpoint of the article highlights the trends in China's connector industry, focusing on import and export statistics [1] - The article provides specific HS codes for the connector industry, including plugs and sockets, optical fiber connectors, and other electrical devices [3] Group 2 - From 2018 to 2024, China's total trade volume for connectors shows a fluctuating trend, reaching $5.545 billion in 2024, with a year-on-year growth of 0.90% [4] - The export total for connectors has shown a rising trend, reaching $4.768 billion in 2024, with a year-on-year increase of 2.71% [7] - Conversely, the import total for connectors has been on a continuous decline, amounting to $777 million in 2024, reflecting a year-on-year decrease of 8.99% [8] - The trade surplus in the connector sector has been consistently expanding, reaching $3.991 billion in 2024, with a year-on-year increase of 5.32% [9]