Price for Electrical Fuses for over 1000 V in Colombia - 2024
Contents:
- Price for Electrical Fuses for over 1000 V in Colombia (CIF) - 2024
- Price for Electrical Fuses for over 1000 V in Colombia (FOB) - 2022
- Imports of Electrical Fuses for over 1000 V in Colombia
- Exports of Electrical Fuses for over 1000 V in Colombia
Price for Electrical Fuses for over 1000 V in Colombia (CIF) - 2024
The average import price for electrical fuses for over 1000 v stood at $7.0 per unit in February 2024, which is down by -26.4% against the previous month. In general, the import price, however, showed a slight increase. The most prominent rate of growth was recorded in December 2023 an increase of 636% month-to-month. As a result, import price attained the peak level of $45.2 per unit. From January 2024 to February 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the United States ($59.1 per unit), while the price for China ($4.1 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Free Zones (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for over 1000 V in Colombia (FOB) - 2022
In 2022, the average export price for electrical fuses for over 1000 v amounted to $1.6 per unit, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($5.8 per unit), while the average price for exports to Costa Rica ($0.8 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 Ecuador (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for over 1000 V in Colombia
In 2022, imports of electrical fuses for over 1000 v into Colombia contracted rapidly to 5.6M units, which is down by -37.6% on 2021. Over the period under review, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 106% against the previous year. As a result, imports reached the peak of 8.9M units, and then contracted remarkably in the following year.
In value terms, imports of electrical fuses for over 1000 v reduced notably to $3.6M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of $5.1M, and then contracted sharply in the following year.
| Import of Electrical Fuses for over 1000 V in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,697 | 1,524 | 3,302 | 1,901 | 3.9% |
| United States | 404 | 344 | 610 | 764 | 23.7% |
| Mexico | 415 | 618 | 478 | 604 | 13.3% |
| Germany | 191 | 197 | 184 | 98.6 | -19.8% |
| Free Zones | 433 | 72.3 | 332 | 73.3 | -44.7% |
| Others | 324 | 295 | 183 | 119 | -28.4% |
| Total | 3,465 | 3,050 | 5,089 | 3,559 | 0.9% |
Top Suppliers of Electrical Fuses for over 1000 V to Colombia in 2022:
- China (4895.2K units)
- Free Zones (213.0K units)
- Mexico (160.8K units)
- United States (139.8K units)
- Germany (88.0K units)
Exports of Electrical Fuses for over 1000 V in Colombia
In 2022, approx. 941K units of electrical fuses for over 1000 v were exported from Colombia; which is down by -18.4% against the year before. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 3%. The exports peaked at 1.2M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electrical fuses for over 1000 v dropped notably to $1.5M in 2022. Overall, exports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of $1.8M, and then plummeted in the following year.
| Export of Electrical Fuses for over 1000 V in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 207 | 105 | 296 | 409 | 25.5% |
| Bolivia | 146 | 72.8 | 32.2 | 202 | 11.4% |
| Costa Rica | 16.3 | 39.8 | 45.7 | 198 | 129.9% |
| El Salvador | 105 | 146 | 172 | 163 | 15.8% |
| United States | 147 | 439 | 564 | 162 | 3.3% |
| Chile | 0.7 | 9.0 | 57.8 | 86.8 | 398.7% |
| Ecuador | 170 | 144 | 167 | 55.8 | -31.0% |
| Peru | 211 | 212 | 105 | 48.8 | -38.6% |
| Dominican Republic | 301 | 2.6 | 57.9 | 47.2 | -46.1% |
| Guatemala | 40.0 | 32.9 | 270 | 40.7 | 0.6% |
| Nicaragua | 105 | 126 | 0.3 | 17.3 | -45.2% |
| Honduras | 29.8 | 17.8 | 16.8 | N/A | -24.9% |
| Others | 128 | 129 | 49.0 | 66.8 | -19.5% |
| Total | 1,606 | 1,476 | 1,833 | 1,497 | -2.3% |
Top Export Markets for Electrical Fuses for over 1000 V from Colombia in 2022:
- Panama (335.6K units)
- Costa Rica (262.6K units)
- Bolivia (118.8K units)
- United States (59.0K units)
- Peru (55.9K units)
- El Salvador (35.5K units)
- Chile (17.4K units)
- Dominican Republic (16.9K units)
- Ecuador (9.7K units)
- Guatemala (7.9K units)
- Nicaragua (7.0K units)
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