Price for Electrical Fuses for over 1000 V in the Philippines - 2024
Contents:
- Price for Electrical Fuses for over 1000 V in the Philippines (FOB) - 2022
- Price for Electrical Fuses for over 1000 V in the Philippines (CIF) - 2024
- Exports of Electrical Fuses for over 1000 V in the Philippines
- Imports of Electrical Fuses for over 1000 V in the Philippines
Price for Electrical Fuses for over 1000 V in the Philippines (FOB) - 2022
In 2022, the average export price for electrical fuses for over 1000 v amounted to $3.7 per unit, picking up by 13% against the previous year. In general, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 61%. The export price peaked at $16 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($3.7 per unit) and Hong Kong SAR ($3.7 per unit), while the average price for exports to Singapore ($3.7 per unit) and China ($3.7 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-7.0%), while the prices for the other major destinations experienced a decline.
Price for Electrical Fuses for over 1000 V in the Philippines (CIF) - 2024
In March 2024, the average import price for electrical fuses for over 1000 v amounted to $11.5 per unit, rising by 58% against the previous month. In general, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices hit record highs at $17.5 per unit in January 2024; however, from February 2024 to March 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($71.7 per unit), while the price for China ($6.6 per unit) was amongst the lowest.
From January 2024 to March 2024, the most notable rate of growth in terms of prices was attained by Brazil (+894.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electrical Fuses for over 1000 V in the Philippines
In 2022, after three years of growth, there was significant decline in overseas shipments of electrical fuses for over 1000 v, when their volume decreased by -21.8% to 32M units. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 128% against the previous year. Over the period under review, the exports of reached the peak figure at 41M units in 2021, and then fell notably in the following year.
In value terms, exports of electrical fuses for over 1000 v shrank to $118M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 127% against the previous year. Over the period under review, the exports of hit record highs at $133M in 2021, and then declined in the following year.
| Export of Electrical Fuses for over 1000 V in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 9.4 | 40.2 | 50.0 | 47.5 | 71.6% |
| United States | 7.5 | 13.4 | 19.2 | 18.7 | 35.6% |
| Singapore | 4.9 | 11.4 | 17.0 | 18.0 | 54.3% |
| Japan | 4.2 | 9.3 | 16.5 | 13.6 | 47.9% |
| South Korea | 4.5 | 7.5 | 11.2 | 10.8 | 33.9% |
| China | 2.8 | 8.7 | 9.0 | 6.1 | 29.6% |
| Netherlands | 12.1 | 13.5 | 4.7 | 1.4 | -51.3% |
| Others | 1.4 | 2.6 | 5.4 | 1.7 | 6.7% |
| Total | 46.9 | 107 | 133 | 118 | 36.0% |
Top Export Markets for Electrical Fuses for over 1000 V from the Philippines in 2022:
- Hong Kong SAR (12.8M units)
- United States (5.1M units)
- Singapore (4.9M units)
- Japan (3.7M units)
- South Korea (2.9M units)
- China (1.6M units)
- Netherlands (0.4M units)
Imports of Electrical Fuses for over 1000 V in the Philippines
In 2022, imports of electrical fuses for over 1000 v into the Philippines shrank sharply to 2.7M units, waning by -21% against the year before. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports of attained the maximum at 6.1M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical fuses for over 1000 v contracted notably to $12M in 2022. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. Imports peaked at $18M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Fuses for over 1000 V in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | 2.4 | 6.5 | 4.3 | -3.6% |
| China | 3.7 | 2.2 | 3.3 | 3.9 | 1.8% |
| Hong Kong SAR | 2.2 | 1.4 | 2.6 | 2.0 | -3.1% |
| Japan | 1.0 | 0.6 | 0.9 | 0.6 | -15.7% |
| Mexico | 0.2 | 0.3 | N/A | 0.5 | 35.7% |
| Singapore | 4.7 | 1.6 | 0.9 | 0.3 | -60.0% |
| Others | 1.1 | 0.4 | 0.6 | 0.5 | -23.1% |
| Total | 17.7 | 8.9 | 14.9 | 12.2 | -11.7% |
Top Suppliers of Electrical Fuses for over 1000 V to the Philippines in 2022:
- United States (960.4K units)
- China (870.1K units)
- Hong Kong SAR (453.4K units)
- Japan (141.9K units)
- Mexico (119.0K units)
- Singapore (70.1K units)
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