Price for Electrical Fuses for over 1000 V in Hong Kong SAR - 2024
Contents:
- Price for Electrical Fuses for over 1000 V in Hong Kong SAR (FOB) - 2022
- Price for Electrical Fuses for over 1000 V in Hong Kong SAR (CIF) - 2024
- Exports of Electrical Fuses for over 1000 V in Hong Kong SAR
- Imports of Electrical Fuses for over 1000 V in Hong Kong SAR
Price for Electrical Fuses for over 1000 V in Hong Kong SAR (FOB) - 2022
The average export price for electrical fuses for over 1000 v stood at $17 per unit in 2022, shrinking by -8.3% against the previous year. In general, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the maximum at $19 per unit in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($24 per unit), while the average price for exports to the United States ($4.2 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 China (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Fuses for over 1000 V in Hong Kong SAR (CIF) - 2024
The average import price for electrical fuses for over 1000 v stood at $150 per unit in March 2024, growing by 23% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 196% against the previous month. The import price peaked at $254 per unit in August 2023; however, from September 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Japan ($174 per unit), while the price for Taiwan (Chinese) ($83.2 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Japan (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electrical Fuses for over 1000 V in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of electrical fuses for over 1000 v, which decreased by -36.7% to 333K units in 2022. In general, exports continue to indicate a deep slump. The smallest decline of -3.1% was in 2021. The exports peaked at 567K 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 dramatically to $5.8M in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 7.8% against the previous year. As a result, the exports attained the peak of $10M, and then reduced rapidly in the following year.
| Export of Electrical Fuses for over 1000 V in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.0 | 7.7 | 8.4 | 4.7 | -16.2% |
| Malaysia | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Mexico | N/A | N/A | N/A | 0.2 | 0% |
| Taiwan (Chinese) | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Singapore | 0.7 | 0.4 | 0.2 | 0.1 | -47.7% |
| India | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Vietnam | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| South Korea | 0.5 | 0.5 | 0.6 | N/A | 9.5% |
| United States | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 9.7 | 9.2 | 10.0 | 5.8 | -15.8% |
Top Export Markets for Electrical Fuses for over 1000 V from Hong Kong SAR in 2022:
- China (195.1K units)
- Malaysia (40.3K units)
- India (18.6K units)
- Vietnam (15.9K units)
- Singapore (15.8K units)
- Mexico (12.7K units)
- Taiwan (Chinese) (11.9K units)
- United States (10.3K units)
- South Korea (1.5K units)
Imports of Electrical Fuses for over 1000 V in Hong Kong SAR
In 2022, imports of electrical fuses for over 1000 v into Hong Kong SAR declined dramatically to 242K units, with a decrease of -75.1% against the year before. In general, imports faced a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Imports peaked at 1.4M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electrical fuses for over 1000 v reduced remarkably to $3.1M in 2022. Over the period under review, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 146% against the previous year. Over the period under review, imports of reached the peak figure at $16M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Fuses for over 1000 V in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 14.1 | 4.9 | 13.1 | 1.2 | -56.0% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Japan | 0.8 | 0.3 | 0.3 | 0.5 | -14.5% |
| Singapore | N/A | N/A | N/A | 0.3 | 0% |
| United States | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
| China | 0.3 | 0.3 | 0.7 | 0.2 | -12.6% |
| India | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 15.7 | 5.9 | 14.5 | 3.1 | -41.8% |
Top Suppliers of Electrical Fuses for over 1000 V to Hong Kong SAR in 2022:
- Thailand (79.3K units)
- Taiwan (Chinese) (37.7K units)
- China (37.0K units)
- Japan (34.3K units)
- United States (28.0K units)
- Singapore (16.8K units)
- India (7.1K units)
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