Price for Electrical Fuses for over 1000 V in Mexico - 2024
Contents:
- Price for Electrical Fuses for over 1000 V in Mexico (FOB) - 2024
- Price for Electrical Fuses for over 1000 V in Mexico (CIF) - 2022
- Exports of Electrical Fuses for over 1000 V in Mexico
- Imports of Electrical Fuses for over 1000 V in Mexico
Price for Electrical Fuses for over 1000 V in Mexico (FOB) - 2024
The average export price for electrical fuses for over 1000 v stood at $15.2 per unit in April 2024, declining by -2.8% against the previous month. Over the period from April 2023 to April 2024, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in February 2024 an increase of 32% month-to-month. As a result, the export price reached the peak level of $17.0 per unit. From March 2024 to April 2024, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From April 2023 to April 2024, the rate of growth in terms of prices for the United States amounted to +1.8% per month.
Price for Electrical Fuses for over 1000 V in Mexico (CIF) - 2022
In 2022, the average import price for electrical fuses for over 1000 v amounted to $5.2 per unit, growing by 38% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5.5 per unit), while the price for China ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+91.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Fuses for over 1000 V in Mexico
For the fourth consecutive year, Mexico recorded growth in shipments abroad of electrical fuses for over 1000 v, which increased by 21% to 85M units in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 118%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of electrical fuses for over 1000 v surged to $110M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electrical Fuses for over 1000 V in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 93.8 | 84.4 | 81.2 | 110 | 5.5% |
| Others | 1.3 | 0.7 | 0.5 | N/A | -38.0% |
| Total | 95.1 | 85.1 | 81.7 | 110 | 5.0% |
Top Export Markets for Electrical Fuses for over 1000 V from Mexico in 2022:
- United States (84.7M units)
Imports of Electrical Fuses for over 1000 V in Mexico
After three years of growth, overseas purchases of electrical fuses for over 1000 v decreased by -11.7% to 4.7M units in 2022. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. As a result, imports attained the peak of 5.3M units, and then reduced in the following year.
In value terms, imports of electrical fuses for over 1000 v soared to $24M in 2022. The total import value increased at an average annual rate of +13.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electrical Fuses for over 1000 V in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.3 | 16.0 | 17.7 | 21.8 | 15.1% |
| Philippines | N/A | 0.4 | 0.5 | 1.0 | 58.1% |
| China | 0.7 | 0.3 | 0.7 | 0.7 | 0.0% |
| France | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 1.7 | 2.0 | 1.0 | 0.6 | -29.3% |
| Total | 16.8 | 18.7 | 20.0 | 24.3 | 13.1% |
Top Suppliers of Electrical Fuses for over 1000 V to Mexico in 2022:
- United States (3964.7K units)
- China (341.8K units)
- Philippines (216.2K units)
- France (94.5K units)
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