Price for Electrical Fuses for over 1000 V in the United States - 2024
Contents:
- Price for Electrical Fuses for over 1000 V in the United States (CIF) - 2022
- Price for Electrical Fuses for over 1000 V in the United States (FOB) - 2022
- Imports of Electrical Fuses for over 1000 V in the United States
- Exports of Electrical Fuses for over 1000 V in the United States
Price for Electrical Fuses for over 1000 V in the United States (CIF) - 2022
In 2022, the average import price for electrical fuses for over 1000 v amounted to $6.4 per unit, increasing by 15% against the previous year. In general, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. The import price peaked at $6.4 per unit in 2020; afterwards, it flattened through to 2022.
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 Dominican Republic ($81 per unit), while the price for Brazil ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for over 1000 V in the United States (FOB) - 2022
The average export price for electrical fuses for over 1000 v stood at $22 per unit in 2022, waning by -10.1% against the previous year. Overall, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 295% against the previous year. Over the period under review, the average export prices hit record highs at $24 per unit in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($109 per unit), while the average price for exports to Mexico ($11 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 South Korea (+40.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for over 1000 V in the United States
Imports of electrical fuses for over 1000 v into the United States expanded notably to 25M units in 2022, surging by 14% compared with the previous year. In general, imports, however, saw a noticeable curtailment. Over the period under review, imports of reached the maximum at 27M 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 skyrocketed to $159M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 104 | 89.9 | 86.3 | 116 | 3.7% |
| China | 10.5 | 8.2 | 5.4 | 10.9 | 1.3% |
| Brazil | 3.1 | 2.7 | 3.3 | 4.9 | 16.5% |
| Germany | 3.1 | 2.8 | 4.3 | 4.6 | 14.1% |
| Taiwan (Chinese) | 0.2 | 0.5 | 1.2 | 2.1 | 119.0% |
| India | 2.1 | 1.6 | 2.2 | 2.0 | -1.6% |
| Philippines | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Others | 23.9 | 20.7 | 18.6 | 17.9 | -9.2% |
| Total | 147 | 127 | 122 | 159 | 2.7% |
Top Suppliers of Electrical Fuses for over 1000 V to the United States in 2022:
- Mexico (12.3M units)
- China (5.2M units)
- Brazil (4.1M units)
- Germany (0.7M units)
- Taiwan (Chinese) (0.6M units)
- Philippines (0.5M units)
- India (0.5M units)
Exports of Electrical Fuses for over 1000 V in the United States
After two years of decline, overseas shipments of electrical fuses for over 1000 v increased by 36% to 3.8M units in 2022. Over the period under review, exports, however, showed a sharp shrinkage. The exports peaked at 17M 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 soared to $84M in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electrical Fuses for over 1000 V in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.4 | 20.4 | 23.8 | 28.3 | 11.5% |
| Mexico | 20.5 | 15.9 | 19.2 | 24.1 | 5.5% |
| China | 6.0 | 2.5 | 6.6 | 7.4 | 7.2% |
| Philippines | 3.5 | 1.3 | 4.7 | 4.8 | 11.1% |
| Saudi Arabia | 1.2 | 0.5 | 0.7 | 2.5 | 27.7% |
| Peru | 1.1 | 0.8 | 0.9 | 0.7 | -14.0% |
| Hong Kong SAR | 0.2 | 0.3 | 0.2 | 0.7 | 51.8% |
| Others | 15.9 | 16.0 | 12.2 | 15.5 | -0.8% |
| Total | 68.8 | 57.7 | 68.3 | 83.8 | 6.8% |
Top Export Markets for Electrical Fuses for over 1000 V from the United States in 2022:
- Mexico (2276.5K units)
- Philippines (360.2K units)
- Canada (274.0K units)
- China (212.6K units)
- Saudi Arabia (75.5K units)
- Hong Kong SAR (61.4K units)
- Peru (53.0K units)
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