Price for Electrical Fuses for over 1000 V in China - 2024
Contents:
- Price for Electrical Fuses for over 1000 V in China (FOB) - 2022
- Price for Electrical Fuses for over 1000 V in China (CIF) - 2022
- Exports of Electrical Fuses for over 1000 V in China
- Imports of Electrical Fuses for over 1000 V in China
Price for Electrical Fuses for over 1000 V in China (FOB) - 2022
The average export price for electrical fuses for over 1000 v stood at $0.9 per unit in 2022, increasing by 15% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electrical fuses for over 1000 v increased by +75.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($4.9 per unit), while the average price for exports to Colombia ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Fuses for over 1000 V in China (CIF) - 2022
The average import price for electrical fuses for over 1000 v stood at $8.5 per unit in 2022, surging by 13% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 59%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($49 per unit), while the price for India ($1.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Fuses for over 1000 V in China
In 2022, the amount of electrical fuses for over 1000 v exported from China shrank slightly to 73M units, reducing by -4.6% on the previous year. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 4.1% against the previous year. Over the period under review, the exports of reached the maximum at 112M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electrical fuses for over 1000 v totaled $66M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electrical Fuses for over 1000 V in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.1 | 3.6 | 5.8 | 8.0 | -10.3% |
| Thailand | 9.4 | 8.0 | 5.1 | 5.1 | -18.4% |
| India | 1.8 | 1.5 | 3.7 | 3.7 | 27.1% |
| Saudi Arabia | 2.1 | 5.0 | 5.8 | 3.5 | 18.6% |
| Bangladesh | 4.1 | 1.0 | 0.4 | 3.5 | -5.1% |
| Vietnam | 1.0 | 1.1 | 1.5 | 2.1 | 28.1% |
| Germany | 0.2 | 0.4 | 0.5 | 1.9 | 111.8% |
| Colombia | 2.4 | 1.3 | 3.6 | 1.9 | -7.5% |
| Tanzania | 0.9 | 1.0 | 1.1 | 1.7 | 23.6% |
| Chile | 2.3 | 1.7 | 2.5 | 1.3 | -17.3% |
| Iraq | 2.1 | 0.5 | 0.9 | 0.7 | -30.7% |
| Argentina | 0.9 | 1.8 | 0.8 | 0.7 | -8.0% |
| Ecuador | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Others | 23.2 | 19.8 | 28.3 | 31.3 | 10.5% |
| Total | 61.8 | 46.9 | 60.2 | 65.8 | 2.1% |
Top Export Markets for Electrical Fuses for over 1000 V from China in 2022:
- Thailand (24.5M units)
- Colombia (9.4M units)
- Saudi Arabia (7.8M units)
- Tanzania (3.5M units)
- United States (2.9M units)
- India (2.1M units)
- Iraq (2.1M units)
- Chile (1.9M units)
- Bangladesh (1.7M units)
- Vietnam (1.6M units)
- Germany (1.3M units)
- Ecuador (1.3M units)
- Argentina (0.3M units)
Imports of Electrical Fuses for over 1000 V in China
In 2022, overseas purchases of electrical fuses for over 1000 v decreased by -10.1% to 1.6M units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 27%. As a result, imports attained the peak of 3M units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of electrical fuses for over 1000 v totaled $13M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Electrical Fuses for over 1000 V in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2.9 | 3.1 | 3.2 | 4.0 | 11.3% |
| United States | 0.7 | 0.3 | 1.0 | 3.2 | 66.0% |
| France | 3.0 | 2.1 | 2.3 | 2.3 | -8.5% |
| Germany | 0.8 | 1.1 | 2.2 | 1.4 | 20.5% |
| Japan | 0.7 | 0.6 | 0.4 | 0.5 | -10.6% |
| India | 0.8 | 0.8 | 0.5 | 0.3 | -27.9% |
| Switzerland | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Spain | 0.2 | 0.5 | 0.2 | 0.1 | -20.6% |
| South Korea | 1.0 | 3.7 | 1.3 | N/A | 14.0% |
| Others | 2.0 | 1.9 | 2.0 | 1.5 | -9.1% |
| Total | 12.4 | 14.4 | 13.3 | 13.4 | 2.6% |
Top Suppliers of Electrical Fuses for over 1000 V to China in 2022:
- Mexico (688.7K units)
- United States (263.0K units)
- Japan (199.7K units)
- India (179.8K units)
- Germany (55.2K units)
- France (46.7K units)
- Switzerland (36.8K units)
- Spain (16.6K units)
- South Korea (2.0K units)
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