Price for Electrical Fuses for over 1000 V in South Korea - 2022
Contents:
- Price for Electrical Fuses for over 1000 V in South Korea (CIF) - 2022
- Price for Electrical Fuses for over 1000 V in South Korea (FOB) - 2022
- Imports of Electrical Fuses for over 1000 V in South Korea
- Exports of Electrical Fuses for over 1000 V in South Korea
Price for Electrical Fuses for over 1000 V in South Korea (CIF) - 2022
The average import price for electrical fuses for over 1000 v stood at $3.7 per unit in 2022, flattening at the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electrical fuses for over 1000 v decreased by -12.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28% against the previous year. The import price peaked at $4.2 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10 per unit), while the price for Turkey ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Fuses for over 1000 V in South Korea (FOB) - 2022
In December 2022, the average export price for electrical fuses for over 1000 v amounted to $32.8 per unit, shrinking by -78.9% against the previous month. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in August 2022 an increase of 316% against the previous month. As a result, the export price attained the peak level of $181 per unit. From September 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was Vietnam ($620 per unit), while the average price for exports to the Philippines ($16.8 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+106.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for over 1000 V in South Korea
For the fourth year in a row, South Korea recorded growth in overseas purchases of electrical fuses for over 1000 v, which increased by 142% to 6.4M units in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electrical fuses for over 1000 v surged to $24M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Fuses for over 1000 V in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.3 | 3.4 | 5.0 | 8.8 | 89.2% |
| China | 3.1 | 1.9 | 2.3 | 3.7 | 6.1% |
| Mexico | 0.1 | 0.3 | 0.4 | 3.6 | 230.2% |
| France | 0.5 | 0.5 | 0.5 | 3.4 | 89.5% |
| United States | 0.3 | 0.2 | 0.5 | 1.6 | 74.7% |
| Turkey | 0.4 | 0.3 | 0.5 | 0.8 | 26.0% |
| Others | 1.4 | 0.6 | 0.7 | 1.6 | 4.6% |
| Total | 7.2 | 7.2 | 9.9 | 23.6 | 48.5% |
Top Suppliers of Electrical Fuses for over 1000 V to South Korea in 2022:
- China (2303.3K units)
- Germany (1648.0K units)
- Turkey (848.2K units)
- Mexico (585.5K units)
- France (575.1K units)
- United States (157.9K units)
Exports of Electrical Fuses for over 1000 V in South Korea
In 2022, shipments abroad of electrical fuses for over 1000 v was finally on the rise to reach 271K units after two years of decline. Overall, exports, however, faced a dramatic decline. Over the period under review, the exports of attained the peak figure at 864K 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 surged to $2.3M in 2022. Over the period under review, exports, however, showed a significant decline. Over the period under review, the exports of reached the maximum at $5.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Fuses for over 1000 V in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,180 | 791 | 251 | 663 | -40.7% |
| Vietnam | 11.5 | 74.7 | 150 | 379 | 220.6% |
| Thailand | 414 | 517 | 474 | 366 | -4.0% |
| Taiwan (Chinese) | 0.4 | 180 | 155 | 325 | 833.1% |
| China | 415 | 361 | 248 | 117 | -34.4% |
| Hong Kong SAR | 22.0 | 230 | 64.0 | 98.6 | 64.9% |
| Philippines | 0.4 | 79.6 | 2.9 | 87.8 | 503.2% |
| Portugal | 35.1 | 30.0 | 45.1 | 42.9 | 6.9% |
| Japan | 79.2 | 16.9 | 7.3 | 39.5 | -20.7% |
| Malaysia | 182 | 2.9 | 9.6 | 37.9 | -40.7% |
| United Kingdom | 626 | 56.3 | 30.2 | 6.7 | -78.0% |
| Qatar | 37.9 | 91.5 | 23.9 | 3.3 | -55.7% |
| Others | 86.8 | 203 | 155 | 107 | 7.2% |
| Total | 5,090 | 2,633 | 1,616 | 2,273 | -23.6% |
Top Export Markets for Electrical Fuses for over 1000 V from South Korea in 2022:
- Thailand (50.1K units)
- Taiwan (Chinese) (45.1K units)
- Philippines (41.6K units)
- United States (27.3K units)
- China (23.4K units)
- Portugal (17.7K units)
- Vietnam (13.9K units)
- Hong Kong SAR (12.6K units)
- Japan (9.5K units)
- Malaysia (5.2K units)
- Qatar (0.8K units)
- United Kingdom (0.4K units)
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