Price for Electrical Fuses for over 1000 V in Turkey - 2024
Contents:
- Price for Electrical Fuses for over 1000 V in Turkey (FOB) - 2024
- Price for Electrical Fuses for over 1000 V in Turkey (CIF) - 2024
- Exports of Electrical Fuses for over 1000 V in Turkey
- Imports of Electrical Fuses for over 1000 V in Turkey
Price for Electrical Fuses for over 1000 V in Turkey (FOB) - 2024
In March 2024, the average export price for electrical fuses for over 1000 v amounted to $12.9 per unit, increasing by 19% against the previous month. In general, export price indicated a measured expansion from March 2023 to March 2024: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for electrical fuses for over 1000 v increased by +51.5% against December 2023 indices. The growth pace was the most rapid in October 2023 when the average export price increased by 74% month-to-month. Over the period under review, the average export prices attained the peak figure in March 2024.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was France ($17.1 per unit), while the average price for exports to Lebanon ($7.2 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Fuses for over 1000 V in Turkey (CIF) - 2024
The average import price for electrical fuses for over 1000 v stood at $49.1 per unit in March 2024, reducing by -49.2% against the previous month. Overall, the import price recorded a mild contraction. The pace of growth appeared the most rapid in February 2024 an increase of 130% month-to-month. As a result, import price attained the peak level of $96.6 per unit, and then contracted sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($235 per unit), while the price for Spain ($26.9 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 Italy (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Fuses for over 1000 V in Turkey
In 2022, exports of electrical fuses for over 1000 v from Turkey totaled 2.3M units, leveling off at 2021. In general, exports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 25%. The exports peaked at 2.4M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electrical fuses for over 1000 v dropped to $2.4M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports reached the peak of $2.4M, and then dropped modestly in the following year.
| Export of Electrical Fuses for over 1000 V in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 151 | 279 | 468 | 76.0% |
| South Korea | 402 | 377 | 377 | 458 | 4.4% |
| Poland | 31.2 | 149 | 190 | 204 | 87.0% |
| Algeria | 782 | 281 | 96.2 | 116 | -47.1% |
| Bulgaria | 14.9 | 51.9 | 88.7 | 112 | 95.9% |
| Iraq | 37.6 | 75.0 | 33.6 | 84.9 | 31.2% |
| Iran | 32.4 | 62.5 | 29.7 | 75.4 | 32.5% |
| Spain | 143 | 65.7 | 291 | 73.9 | -19.8% |
| Serbia | 7.7 | 12.5 | 16.9 | 58.3 | 96.4% |
| Mali | N/A | 1.7 | N/A | 51.0 | 447.7% |
| Tunisia | 23.6 | 32.0 | 94.2 | 44.2 | 23.3% |
| Slovakia | N/A | 8.2 | 71.7 | 33.4 | 101.8% |
| Pakistan | 20.1 | N/A | 28.1 | 20.7 | 1.0% |
| Others | 366 | 318 | 814 | 554 | 14.8% |
| Total | 1,861 | 1,585 | 2,409 | 2,355 | 8.2% |
Top Export Markets for Electrical Fuses for over 1000 V from Turkey in 2022:
- South Korea (356.3K units)
- France (285.4K units)
- Algeria (263.1K units)
- Poland (208.1K units)
- Bulgaria (163.2K units)
- Spain (89.0K units)
- Serbia (84.1K units)
- Iraq (75.0K units)
- Iran (70.8K units)
- Mali (55.7K units)
- Slovakia (55.1K units)
- Pakistan (51.9K units)
- Tunisia (49.6K units)
Imports of Electrical Fuses for over 1000 V in Turkey
In 2022, imports of electrical fuses for over 1000 v into Turkey dropped remarkably to 217K units, which is down by -18.1% compared with the previous year. In general, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 57% against the previous year. Over the period under review, imports of reached the peak figure at 467K 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 fell to $1.3M in 2022. Overall, imports saw a noticeable shrinkage. The growth pace was the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of $1.5M, and then contracted in the following year.
| Import of Electrical Fuses for over 1000 V in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 302 | 269 | 339 | 338 | 3.8% |
| Mexico | 30.2 | 43.6 | 52.8 | 215 | 92.4% |
| Spain | 109 | 86.6 | 147 | 195 | 21.4% |
| India | 42.1 | 102 | 43.4 | 128 | 44.9% |
| Hungary | 28.1 | 60.1 | 77.7 | 126 | 64.9% |
| China | 108 | 54.3 | 82.6 | 94.3 | -4.4% |
| France | 66.8 | 73.3 | 83.9 | 88.0 | 9.6% |
| Slovenia | 4.8 | 24.6 | 28.3 | 24.3 | 71.7% |
| Italy | 702 | 4.3 | 588 | 1.4 | -87.4% |
| Others | 50.9 | 109 | 99.0 | 122 | 33.8% |
| Total | 1,444 | 827 | 1,540 | 1,332 | -2.7% |
Top Suppliers of Electrical Fuses for over 1000 V to Turkey in 2022:
- Germany (60.5K units)
- Spain (41.6K units)
- Hungary (20.6K units)
- China (20.4K units)
- India (18.8K units)
- France (15.2K units)
- Mexico (13.6K units)
- Slovenia (8.1K units)
- Italy (0.2K units)
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