According to The Economic Times (ET), prices of electronic components and shipping costs have returned to pre-COVID levels after reaching new highs during the pandemic.
This drop in component prices is expected to benefit consumers as companies may pass on the savings. The reduction in costs could also lead to increased demand for products like televisions, mobile phones, and computers. Additionally, lower input costs are anticipated to improve manufacturers' profit margins. Freight charges have also decreased significantly, with container shipping costs from China dropping from $8,000 to $850-$1,000. Semiconductor chip prices have crashed to one-tenth of their COVID-era levels, while electronic component prices have fallen by 60-80%. Companies such as Dixon Technologies, Havells, and Blue Star have reported expectations of increased profit margins. The decline in global open cell prices has resulted in lower average selling prices for Dixon's products.
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